Less cash for Bombardier from aerostructures sale to Spirit AeroSystems
Will receive US$275 million in cash in the amended deal, down from the US$500 million.
CAE first Canadian aerospace company to become carbon neutral
Made investments in projects that offset its remaining annual carbon emissions.
Heroux-Devtek signs multi-year Boeing deal to build actuation components
Contract win by the CESA subsidiary includes production requirements, spare parts for the 787, 777, 777X, 767 and 747.
Uncertainty rises around $500M sale of Bombardier plants to Spirit
Deal may not close by the drop-dead date of Oct. 31, which Spirit says could prompt litigation.
Bombardier the poster child of pork barrel cronyism
Instead of picking winners and losers, governments should step back and let markets work.
CAE to lay off 350 mostly Canadian employees, as Q1 revenue drops
About 200 of the layoffs will be at the flight simulator maker’s headquarters in Montreal.
Troubles abound, Boeing losses bloom to US$2.4B in 2Q
Boeing has 450 finished Max jets stacking at various locations
Cascade Aerospace awarded Bangladesh Airforce contract
Will perform inspections, overhaul components and provide additional maintenance work.
Air Transat signs deal to use jet fuel made from captured CO2
SAF+ Consortium is setting up a pilot plant in Montreal to make the kerosene used for synthetic jet fuel.
Japan to boost space co-operation with U.S. in revised policy
Japan will seek to co-operate with the U.S. in sending astronauts on an American lunar mission
Virgin Galactic inks NASA deal for commercial space flights
Company to recruit candidates interested in purchasing private missions to the space station.
EDC predicts 20% drop in exports before rebounding in 2021
Automotive, aerospace and energy big contributors to the 2020 drop.
CAE ventilator receives Health Canada certification, starts shipping
Will manufacture and supply 10,000 ventilators for hospitals across Canada.
WestJet releases July schedule for air travel
Airline continues to focus on significant safety and hygiene enhancements to ensure a safe travel journey
Bombardier to be dropped from S&P/TSX composite index
Company says the move doesn’t change anything in terms of its liquidity and status as an actively traded stock on the TSX.