- Shares of Bombardier (OTCQX:BDRBF -7.2%) fall to their lowest in nearly 22 years after an industry supplier cites weak demand for large luxury planes.
- Amin Khoury, chairman of aircraft interiors maker B/E Aerospace (BEAV -10.9%), told analysts on an earnings conference call earlier today that demand for large cabin jets has come under pressure in markets such as China, Russia and Latin America as governments and energy companies cut spending.
- "The business-jet environment remains very tough, especially on the international front," says a Desjardins analyst.
- Earlier: B/E Aerospace drops after missing expectations