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Bombardier Appoints Annie Torkia Lagacé Senior Vice President, General Counsel and Corporate Secretary

Bombardier Appoints Annie Torkia Lagacé Senior Vice President, General Counsel and Corporate Secretary

MONTREAL, Dec. 3 (Korea Bizwire) — Bombardier (TSX: BBD.B) announced today the appointment of Annie Torkia Lagacé as Senior Vice President, General Counsel and Corporate Secretary, effective immediately. Annie will report to Éric Martel, President and Chief Executive Officer, Bombardier Inc., replacing Steeve Robitaille who will remain with the Company in the role of Senior [...]

Bombardier and Alstom Confirm Receipt of All Necessary Regulatory Approvals to Complete Bombardier Transportation Sale to Alstom

Bombardier and Alstom Confirm Receipt of All Necessary Regulatory Approvals to Complete Bombardier Transportation Sale to Alstom

MONTRÉAL, Dec. 1 (Korea Bizwire) — Bombardier (TSX: BBD.B) and Alstom announced today that all necessary regulatory approvals required to complete the sale of Bombardier Transportation to Alstom have been received. Bombardier and Alstom now expect the transaction to close on January 29, 2021. About Bombardier With over 52,000 employees across two business segments, Bombardier [...]

Bombardier Appoints Bart Demosky Executive Vice President and Chief Financial Officer

Bombardier Appoints Bart Demosky Executive Vice President and Chief Financial Officer

MONTREAL, Nov. 30 (Korea Bizwire) — Bombardier (TSX: BBD.B) announced today the appointment of Bart Demosky as Executive Vice President and Chief Financial Officer, effective immediately. Bart will report to Éric Martel, President and Chief Executive Officer, Bombardier Inc., replacing John Di Bert who will be leaving the Company. “We are very excited to welcome [...]

Bombardier Reports Third Quarter 2020 Financial Results, Provides Update on Transition to a Pure-Play Business Aircraft Company

Bombardier Reports Third Quarter 2020 Financial Results, Provides Update on Transition to a Pure-Play Business Aircraft Company

Total revenues(1) of $3.5 billion, lower by 5% year-over-year due to pandemic-related disruptions and divestitures; Business Aircraft revenues reached $1.2 billion on 24 deliveries, growing 10% year-over-year, driven by accelerating Global 7500 deliveries Total adjusted EBITDA(1)(2) of $176 million; $15 million of reported total EBIT(1)(2) Free cash flow usage(2) of $0.7 billion, continuing to target breakeven for the second half [...]

REMINDER: Bombardier to Report its Third Quarter 2020 Financial Results on November 5, 2020

REMINDER: Bombardier to Report its Third Quarter 2020 Financial Results on November 5, 2020

MONTRÉAL, Nov. 3 (Korea Bizwire) — Bombardier (TSX: BBD.B) will publish its financial results for the third quarter ended September 30, 2020 on November 5, 2020. On November 5, 2020 at 8:00 a.m., EST, Éric Martel, President and Chief Executive Officer; John Di Bert, Senior Vice President and Chief Financial Officer; and Patrick Ghoche, Vice President, [...]

Bombardier Confirms the Closing of the Aerostructures Business Transaction

Bombardier Confirms the Closing of the Aerostructures Business Transaction

MONTREAL, Oct. 30 (Korea Bizwire) — The closing of the previously announced aerostructure business transaction between Bombardier Inc. (TSX: BBD.B) and Spirit AeroSystems Holding, Inc. (NYSE : SPR) came into effect today on October 30, 2020. Spirit now owns Bombardier’s aerostructures activities and aftermarket services operations in Belfast, U.K.; Casablanca, Morocco; and its aerostructures maintenance, [...]

Bombardier to Report its Third Quarter 2020 Financial Results on November 5, 2020

Bombardier to Report its Third Quarter 2020 Financial Results on November 5, 2020

MONTRÉAL, Oct. 28 (Korea Bizwire) — Bombardier (TSX: BBD.B) will publish its financial results for the third quarter ended September 30, 2020 on November 5, 2020. On November 5, 2020 at 8:00 a.m., EST, Éric Martel, President and Chief Executive Officer; John Di Bert, Senior Vice President and Chief Financial Officer; and Patrick Ghoche, Vice President, [...]

Bombardier Announces Closing Date, Amended Terms for Sale of Aerostructures Business to Spirit AeroSystems Holding, Inc.

Bombardier Announces Closing Date, Amended Terms for Sale of Aerostructures Business to Spirit AeroSystems Holding, Inc.

MONTREAL, Oct. 26 (Korea Bizwire) — Bombardier (TSX: BBD.B) announced today it has entered into an amended definitive agreement to sell its aerostructures business to Spirit AeroSystems Holding, Inc. (Spirit), supporting Bombardier’s strategic decision to reposition itself as a pure-play business aircraft company. This transaction is set to close on October 30, 2020 as all [...]

Bombardier and Jetex Collaborate to Bring Game-changing FBO Experience to Singapore

Bombardier and Jetex Collaborate to Bring Game-changing FBO Experience to Singapore

MONTREAL, Oct. 13 (Korea Bizwire) — Bombardier and Jetex have joined forces to establish a world-class fixed-base operator (FBO) experience in Singapore, the two companies are pleased to announce. Bombardier is in the midst of expanding capabilities and hangar space at its Singapore Service Centre at Seletar Aerospace Park to transform this facility into a [...]

Bombardier Announces Senior Management Reorganization in Support of its Transition to a Pure-play Business Jet Company

Bombardier Announces Senior Management Reorganization in Support of its Transition to a Pure-play Business Jet Company

MONTRÉAL, Oct. 1 (Korea Bizwire) — Bombardier (TSX: BBD.B) announced today that it has begun the process of streamlining its senior leadership team as it transitions to a pure-play business jet company.  As part of this process, the Company has eliminated the Bombardier Aviation president role and announced that David Coleal will depart the Company. [...]