Bombardier signs $721M deal with TransLink
Contract for 205 new SkyTrain cars
Bombardier names veteran exec Bart Demosky as CFO
Has had executive roles at Universal Rail Systems, Canadian Pacific Railway and Suncor Energy.
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.
Alstom shareholders approve $8.4B Bombardier Transportation deal
Combined company is expected to become the second-largest manufacturer of rolling stock.
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.
Head of Bombardier Aviation leaving as company streamlines
Aerospace company focusing on business jets, Coleal eligible for severance pay of about US$3.1 million.
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 aerostructures sale comes into question, shares hit new low
The US$500-million sale of facilities in Belfast and Morocco forms a key part of the aircraft maker’s shift to pure-play private jets.
Bombardier to get less than expected in railway division sale to Alstom
Selling price falls short of $11.13 billion by $467 million of the previously announced price.
Bombardier the poster child of pork barrel cronyism
Instead of picking winners and losers, governments should step back and let markets work.
Bombardier Q2 net loss widens while revenues plunge due to COVID-19
Revenues for the three months ended June 30 plunged 37% to $2.7 billion from $4.3 billion a year ago
Bombardier supports assets sale for EU approval of Alstom’s takeover
Canadian transportation company reaffirms the sale remains on track to close in the first half of 2021.
Bombardier chairman defends $17.5M severance for former CEO
Beaudoin tells shareholders the board “respected the company’s contractual obligations” to the former chief executive.
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.