CAE to accelerate development of Jaunt Air Mobility’s eVTOL aircraft
CAE has been selected by Jaunt Air Mobility to…
Aéro Montréal: federal budget reveals $2 billion for aerospace industry
The federal budget has revealed $2 billion to the…
VistaJet order of Bombardier aircraft points to COVID induced demand in business jets
(CP) Bombardier’s corporate jet business could get a lift…
New appointments for AirSprint’s leadership team
AirSprint Inc. has announced the following changes to its…
Bombardier to collaborate with Aston Marton on business jet design services
(CP) MONTREAL – Bombardier Inc. is teaming up with…
Bombardier names veteran exec Bart Demosky as CFO
Has had executive roles at Universal Rail Systems, Canadian Pacific Railway and Suncor Energy.
Ottawa to keep Boeing Max grounded for now, despite US decision
Federal Transport Minister says Canada will impose different requirements than the US before it lifts the orders.
Bombardier faces UK fraud investigation over plane contracts for Garuda
British inquiry follows other investigations have targeted the aerospace manufacturer in countries such as Sweden and Spain.
Quebec aerospace sector seeks federal financial boost
Looking for COVID help, report suggests investing in research and development projects
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.
Bombardier will cut 2,500 jobs from its aviation side
Most reductions will impact manufacturing operations in Canada and take place progressively throughout the year.
Shareholder group objects to former Bombardier CEO special payment
Advisory agency says practises raise “serious questions” given the company’s weak financial performance before his dismissal.
Bombardier exits commercial jets with closure of US$550M CRJ deal
Paves the way for the aircraft manufacturer to focus on its sole future income stream – private jets.
Boeing slashes 12,000 jobs as virus seizes travel industry
Aerospace giant said it would cut 10% of a workforce that numbered about 160,000.
First commercial space taxi a pit stop on Musk’s Mars quest
Space is becoming the domain of private firms, with eccentric Elon Musk’s SpaceX at the forefront.
CAE foresees ‘major disruptions’ into autumn due to COVID-19
CEO Marc Parent believes 2020-21 “will be a tale of two halves” for the flight simulator manufacturer.
Boeing to reduce workforce by 400 in Winnipeg due to pandemic
Reductions will come from voluntary and involuntary layoffs and normal attrition.
Canada turns to US Navy for help recovering downed military chopper
Experts say examining the main wreckage could provide important clues to the cause of the crash off the Greek coast.
