Bombardier not ready to increase jet production despite clearing COVID turbulence
MONTREAL – Bombardier Inc. isn’t ready to increase business…
VistaJet order of Bombardier aircraft points to COVID induced demand in business jets
(CP) Bombardier’s corporate jet business could get a lift…
Bombardier to collaborate with Aston Marton on business jet design services
(CP) MONTREAL – Bombardier Inc. is teaming up with…
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.
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 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.
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.
Bombardier to help make 18,000 ventilators at shuttered Thunder Bay plant
Will carry out sanding, painting and assembly work on the equipment for Brampton, Ont.-based O-Two Medical Technologies.
Eric Martel leaving Hydro Quebec to become president, CEO of Bombardier
Alain Bellemare is out; Martel said he is excited and honoured to rejoin Bombardier as it begins a new chapter
Bombardier investigating reported links to Uighur forced labour in China
Australian Strategic Policy Institute says factories supplying global brands – exploited more than 80,000 Uighur Muslims transferred out of their home province.
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.
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.
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.
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.
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.
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
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.
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.