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PRESS RELEASE BOMBARDIER Bombardier reports its third quarter 2021 results , demonstrates solid execution and strong cash flow performance Business aircraft revenues of $ 1.4 billion , up 17 % year - over - year , mainly driven by an improved delivery mix and continued strong aftermarket recovery as overall fleet flight hours surpass 2019 levels . Adjusted EBITDA ( ¹ ) of $ 142 million ( 9.8 % adjusted EBITDA margin ( ¹ ) ) , representing a year - over - year improvement of $ 58 million or 69 % reflecting continued progress on the Global 7500 aircraft's learning curve , cost structure improvements and an improved delivery mix . Reported EBIT from continuing operations for the quarter was $ 48 million . Strong free cash flow ( 1 ) generation of $ 100 million from continuing operations , representing an improvement of $ 747 million year - over - year . Reported cash flows from operating activities - continuing operations for the quarter was $ 156 million and net additions to PP & E and intangible assets - continuing operations for the quarter were $ 56 million . Third quarter unit book - to - bill ( 2 ) of ~ 1.7 and increased backlog by ~ $ 500 million to $ 11.2 billion on account of continued strong order momentum . Major milestone in deleveraging plan achieved with the redemption of debt maturities to December 2024 , representing a total debt reduction of ~ $ 3 billion since the beginning of 2021. Pro- forma liquidity ( 3 ) remains strong at $ 1.9 billion . All amounts in this press release are in U.S. dollars unless otherwise indicated . Amounts in tables are in millions , unless otherwise indicated . Montréal , October 28 , 2021 - Bombardier ( TSX : BBD.B ) announced today its financial results for the third quarter of 2021. The company is pleased with continued execution on its strategic initiatives , cash flow generation and order momentum driving the financial results of the quarter . Bombardier also highlighted that during the third quarter , the company redeemed debt maturities through December 2024 , a major milestone in its deleveraging plan . " The Bombardier team once again delivered a solid quarter , a confirmation that this year is shaping up to be significantly better than the last , " said Éric Martel , President and Chief Executive Officer , Bombardier . " Our unit book - to - bill ratio remains very healthy , contributing to a significant increase to our backlog . This momentum has also translated to a solid increase in profitability , with adjusted EBITDA margin approaching 10 % this quarter . " " We are delivering consistently on what we set out to do , especially when it comes to deleveraging the balance sheet . Thanks to the hard work of our outstanding team , we cleared the debt maturity runway on plan , " added