The growth, amounting to US$9.5 billion, came in large part from a 13 per cent year-over-year increase in service revenues and a 7.5 per cent uptick in aircraft deliveries, to 157. The Montreal aeronautics company reduced its debt by over US$400 million last year, while adjusted EBITDA rose 15 per cent, to US$1.56 billion. (The Logic)

Talking point: Bombardier’s revenues are roughly $2 billion higher than its objectives set out in the company’s 2021 turnaround plan. The company’s stock price has rallied by nearly 200 per cent over the last year, due in large part to the success of its Challenger series of private jets, which are favoured by fleet operators and high net worth individuals around the world. Bombardier has increased its U.S. footprint despite threats from U.S. President Donald Trump to “decertify” the company’s aircraft, and this week secured a US$1.2B private jet sale to Dubai-based Vista.