50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

Planemakers rev up aftermarket services as business jet show kicks off

Published 10/21/2019, 12:28 PM
© Reuters.  Planemakers rev up aftermarket services as business jet show kicks off
TXT
-

By Allison Lampert

LAS VEGAS (Reuters) - Corporate planemakers announced plans on Monday to improve maintenance and parts accessibility for customers, amid a broader industry push for higher-margin aftermarket services.

The announcements come ahead of the world's largest business jet show, which kicks off on Tuesday featuring new large corporate planes that can fly farther, services like fast wifi at 40,000 feet and an industry push toward sustainable aviation fuels.

Canada's Bombardier also said its new Global 5500 aircraft will fly 200 nautical miles farther than planned, with a range of 5,900 nautical miles, a lure for customers eager to travel non-stop between far-flung cities.

The Montreal-based plane and train maker is adding a pair of line maintenance stations at two U.S. locations, which will introduce unscheduled services to customers and then build toward scheduled maintenance operations in the coming months.

Bombardier has focused on boosting sales of new products and maintenance packages to drive revenue growth for its aftermarket service business.

Textron (NYSE:TXT) announced a further expansion of its global parts distribution capabilities to make its parts more accessible to customers.

Textron Aviation, which produces Cessna Aircraft, said it grew warehouse square footage at three U.S. locations by nearly 50%, to over 8,000 square feet. The U.S. expansion follows Textron's plans to make parts more readily available to customers in Europe and Asia-Pacific earlier this year.

“Aftermarket has always been a key business driver to ensure we can support our customers,” said Kriya Shortt, senior vice president, global customer support for Textron Aviation.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.