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It’s been a little more than a year since Bombardier Transportation launched a series of initiatives designed to increase earnings and improve performance. Those initiatives now are taking root, Bombardier Transportation President André Navarri recently told attendees of the 2005 International Association of Public Transport World Congress held in Rome.

In fiscal-year 2005, Bombardier Transportation generated $7.6 billion in revenue and maintained a 32 percent and 9 percent market share in rolling stock and services, respectively. In the first quarter, revenue increased 8 percent compared with fourth-quarter 2005 and generated $1.6 billion in new revenue — a $700 million increase compared with the same FY2005 period.

"We are maintaining market leadership and also positioning our business to grow that leading market position over the long term," said Navarri in a prepared statement. "There are solid opportunities for growth out there, and we are actively molding the business to take advantage of them."

Navarri believes there is potential growth in the Asia-Pacific and eastern European markets. Bombardier officials also expect growth opportunities in countries developing trans-national rail corridors or transit agencies outsourcing maintenance and services.