European plane-maker aims to cut supply costs in order to restore the program to profitability.
The name change comes after Airbus officially took a majority stake in the C Series program July 1.
Boeing will own 80%, Embraer 20%; the $4.75 billion deal, expected to close toward the end of 2019.
Says the main focus will be to sell the planes and drastically reduce production costs.
Companies expect deliveries this year to double from the 17 aircraft in 2017.
Bombardier has announced a big-ticket sale to Latvia’s airBaltic and revealed two new business jets to be delivered next year.
Successfully transformed Bombardier into a significant Canadian global company.
Embraer claims aviation business hurt by Bombardier receiving more than $3.7 billion in subsidies.
Airbus’s has majority control of the Bombardier C Series program; Boeing is in talks to join forces with Brazil’s Embraer.
Reassured because there’s already a fairly strong union culture in both France and Canada.
Will sell the planes first, then focus on volume to successfully reduce costs.
Shares have surged in recent months, helped by improved results and a win in its trade fight with Boeing.
Ensures workers who switch to the CSeries partnership, and vice-versa, will not lose their pensions and will keep most of their seniority benefits.
Bombardier declined to comment as it takes the “necessary time to digest its content …”
Noted the Department of Commerce’s earlier ruling affirming Bombardier’s dumping behaviour still stands.