Bombardier, Textron business jet backlogs swell but supply chain headwinds loom

Bombardier Inc (BBDb.TO) and rival Textron Inc (TXT.N) on Thursday reported growing backlogs for corporate aircraft as demand for private flights soars, but executives warned of supply chain headaches.

Executives from both companies told analysts they see corporate aircraft activity picking up in Europe, adding to strong demand in the United States that is filling seats and boosting plane prices after orders slipped last year due to COVID-19.Read more