Bombardier
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Bombardier investors flinch at sale of train division to Alstom, stocks drop
Concerned about pure business jet play; higher margins but the luxury industry is more volatile than rail.
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Bombardier to sell train unit to France’s Alstom, shedding biggest division
Will focus on business jets as Alstom scales up amid rising competition from China’s state-owned CRRC.
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Bombardier sells C Series stake for $591M, now out of commercial aviation
Transferred shares to Airbus SE and the Quebec government in a move to emerge from more than $9 billion in debt.
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Bombardier to report earnings as future hangs in the balance
Possible sale of the plane-and-train maker’s Quebec-based business jet unit or its Berlin-based rail subsidiary.
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SNC-Lavalin recruits ex-Bombardier exec to lead transformation
Veronneau, who led negotiations to sell Bombardier’s majority stake in the C Series to Airbus, will handle the firm’s strategic transformation.
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Selling aviation makes sense for Bombardier, says industry analyst
Its railway operations are a steadier generator of cash flows, but the sale of aviation could face political opposition because it is a major Canadian employer
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Quebec premier cautious about response to Bombardier difficulties
Questions about the aerospace company’s future were raised after issuing a warning about its financial results.
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Bombardier expects to fall short of guidance, reassessing Airbus deal
Expects consolidated revenue of about $15.8 billion, short of expected $16.5 billion to $17 billion.
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New York City pulls 298 Bombardier subway cars, cites safety concerns
Problems with car doors adds to additional issues with Bombardier’s performance noted by the MTA.
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[UPDATE] Bombardier to build flagship jetliner at Pearson airport
High-tech plant would take over final assembly of Bombardier’s Global business jet series.
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Bombardier sells aerostructures business to Spirit AeroSystems, reports Q3 loss
Spirit will pay US$500 million in cash.
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Transport Canada gives the go ahead for new Bombardier business jets
Bombardier is aiming for US$8.5 billion in annual revenues by 2020, driven largely by Global 7500 sales.
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Bombardier to invest up to US$300 million more this year on rail division capacity
Announcement comes as the Montreal-based company reports a $36-million net loss.
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Premiers want Ottawa to seek exemption from Buy American policies
US measures require 65% local content on public transportation projects.
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Federal Liberals, Ontario Tories blame each other for Bombardier layoffs
Both point to transportation projects that could have secured work for the Thunder Bay plant.
