November 25, 2010 / 8:48 PM / in 7 years

Bombardier to raise Global jet production in 2011

(In U.S. dollars unless noted)

TORONTO, Nov 25 (Reuters) - Bombardier Inc BBDb.TO, the world’s biggest business jet maker, said on Thursday it plans to increase the production level of its top-of-the-line Global business jets in the next two years due to strong demand.

“Through the difficult times of the past two or three years, this product has remained resilient. Our backlog is growing and we’re actually increasing our production rates in March of next year, and we’re also looking at further increases in the following year,” said Simon Roberts, vice-president and general manager of Bombardier’s Toronto facilities.

Roberts also said the company plans to invest $1.7 billion to $1.8 billion on the development and production of its new Global 7000 and Global 8000 business jets.

$1=$1.01 Canadian Reporting by John McCrank and Bhaswati Mukhopadhyay; editing by Rob Wilson

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