Bombardier Sees Gulfstream Approval in Canada Soon After Trump Threat

tfr8r3sa8ev]5d9v8q4)hlw{_media_dl_1.png BloombergArticle content(Bloomberg) — The head of private jet maker Bombardier Inc. said he expects Canada’s aviation regulator to approve Gulfstream jets soon, which would resolve a dispute with the Trump administration.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentPresident Donald Trump said on Jan. 29 that Canada had “wrongfully, illegally” refused to certify certain jets made by Gulfstream, a unit of General Dynamics Corp. Unless the matter was fixed, he said, the US would decertify all aircraft made in Canada — targeting Bombardier directly — and levy a 50% tariff against Canadian-made aircraft.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentBombardier, headquartered near Montreal, manufactures its Challenger and Global jet models in Canada, but relies on thousands of US-based suppliers. Almost two-third of its sales in 2024 came from the US.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article content“I think that the situation is going to get resolved soon, and we’re going to be back to normal business between now and then,” Chief Executive Officer Eric Martel told analysts. “It’s been a regular business. You know, we’ve been delivering airplanes and our airplanes are flying.”Article contentThe Canadian regulator, Transport Canada, said it continues to work with Gulfstream and the Federal Aviation Administration on the certification of aircraft, without giving further details. Earlier this week, FAA Administrator Bryan Bedford said he thought Canada’s approval of the Gulfstream jets was imminent. Article contentMartel said the situation is seen by Bombardier executives “as maybe a threat against us.”Article contentBombardier shares were little changed as of 9:55 a.m. in Toronto.Article contentAny decertification or tariff on Bombardier’s aircraft would be a huge blow to the company, which has just completed a five-year turnaround plan. The company was on the brink of bankruptcy in 2020 after its decision to challenge Boeing Co. and Airbus SE with the C Series commercial aircraft program. The project became a sinkhole and the program was offloaded to Airbus, which renamed the jet the A220.Article contentArticle contentBombardier reported that its adjusted net debt to earnings before interest, taxes, depreciation and amortization improved to 1.9 times, from 2.9 times in 2024. Revenue grew by 10% to $9.6 billion in 2025, and the company delivered 157 aircraft, 11 more than the previous year. Article contentBombardier’s order backlog rose by 22% to $17.5 billion.Article content“As we look ahead to our 2026 guidance, the fundamentals of the business aviation market remain strong,” Chief Financial Officer Bart Demosky said, adding that growth should be helped by the expansion of its defense and services businesses. The company expects to earn more $10 billion in revenue and deliver more than 157 aircraft this year.Article contentFree cash flow should come in at $600 million to $1 billion, the company said. Article contentDesjardins analyst Benoit Poirier said in a note to clients he believes the 2026 guidance may prove conservative, leaving room for an upside surprise. Article contentBombardier won a 40-plane order from Vista Global Holding Ltd., one of the world’s biggest operators of business jets. The purchase agreement is worth about $1.2 billion at list price, although buyers tend to get large discounts for bulk purchases, and includes purchase options for a further 120 aircraft.Article contentTrending Telus picks former CIBC CEO Victor Dodig to replace Entwistle at helm Telecom Trump rebuked as U.S. House votes against some tariffs on Canada Economy Posthaste: Why Canada's job market is in a lot worse shape than you think News BlackBerry cofounder Michael Lazaridis invests in Vancouver-based AI startup Innovation Subscriber only. 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