PLANT

News Manufacturing Transportation General
October 30, 2020  

Alstom shareholders approve $8.4B Bombardier Transportation deal

Combined company is expected to become the second-largest manufacturer of rolling stock.

News Aerospace Manufacturing General
October 26, 2020  

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.

News Aerospace Manufacturing General
October 2, 2020  

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.

News Aerospace Manufacturing General
September 30, 2020  

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.

News Aerospace Manufacturing General
September 23, 2020  

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.

News Transportation General
September 16, 2020  

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.

Insight Aerospace Economy General
August 13, 2020  

Bombardier the poster child of pork barrel cronyism

Instead of picking winners and losers, governments should step back and let markets work.

News Aerospace Transportation General
August 6, 2020  

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

News Manufacturing Transportation General
July 10, 2020  

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.

News Aerospace Manufacturing Business Operations General
June 19, 2020  

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.

News Aerospace Manufacturing General
June 15, 2020  

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.

News Aerospace Manufacturing General
June 5, 2020  

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.

News Aerospace General
June 4, 2020  

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.

News Aerospace General
May 7, 2020  

Bombardier starts gradual resumption of manufacturing, reports Q1 loss

Expects business activity to hit a low point in Q2, before gradually recovering in the second half of the year.

News Aerospace Manufacturing Economy
April 28, 2020  

Bombardier recalling 11,000 as Quebec prepares to reopen economy

About 70% of the pane and train maker’s Canadian workforce of more than 17,600 employees had been temporarily laid off.