MONTREAL, March 24 (Korea Bizwire) — Bombardier (TSX: BBD.B) today announced that in support of the recent mandates from the Governments of Quebec and Ontario to help slow the spread of the COVID-19 pandemic, it will suspend all non-essential work at most of its Canadian based operations starting this evening at 11:59 pm until April 26, [...]
MONTRÉAL, March 11 (Korea Bizwire) — Bombardier (TSX: BBD.B) announced today that Éric Martel has been appointed President and Chief Executive Officer, and a member of the Bombardier Board of Directors, effective April 6, 2020. Éric Martel joins Bombardier from Hydro-Québec, where he has served as President and Chief Executive Officer since July 2015. With [...]
MONTRÉAL, Feb. 18 (Korea Bizwire) — Bombardier (TSX: BBD.B) announced today that its President and Chief Executive Officer, Alain Bellemare, and its Senior Vice President and Chief Financial Officer, John Di Bert, will speak at the Barclays Industrial Select Conference in Miami, Florida on Wednesday, February 19, at 1:50 p.m. EST DATE: Wednesday, February 19, 2020 [...]
All amounts in this press release are in U.S. dollars unless otherwise indicated. Amounts in EUR are converted to USD at an 1.1 exchange rate. MONTRÉAL, Feb. 17 (Korea Bizwire) — Bombardier (TSX: BBD.B) today announced that it has made the strategic decision to focus exclusively on business aviation and plans to accelerate its deleveraging [...]
MONTRÉAL, Feb. 13 (Korea Bizwire) — Bombardier (TSX: BBD.B) today reported its fourth quarter and full year 2019 results, in line with previously announced preliminary results. The company also confirmed it is still actively pursuing options to accelerate deleveraging, strengthen its balance sheet and enhance shareholder value. Sale of A220 Partnership Interest Bombardier has entered [...]
AMSTERDAM, Netherlands and MONTREAL, Feb. 13 (Korea Bizwire) — Airbus SE (EPA: AIR), the Government of Québec and Bombardier Inc. (TSX: BBD.B) have agreed upon a new ownership structure for the A220 programme, whereby Bombardier transferred its remaining shares in Airbus Canada Limited Partnership (Airbus Canada) to Airbus and the Government of Québec. The transaction [...]
MONTRÉAL, Feb. 6 (Korea Bizwire) — Bombardier (TSX: BBD.B) will publish its financial results for the fourth quarter and full year 2019 on Thursday, February 13, 2020 and hold a live webcast/conference call to review the results starting at 8 a.m. Eastern Time (EDT). Alain Bellemare, President and Chief Executive Officer; John Di Bert, Senior [...]
MONTREAL, Jan. 16 (Korea Bizwire) — Bombardier (TSX: BBD.B) today announced its preliminary results for the fourth quarter and full year 2019. The Company now expects lower than previously guided financial performance, mainly as a result of actions taken to resolve challenging rail projects, the timing of milestone payments and new orders at Transportation, and [...]
MONTREAL, Oct. 31 (Korea Bizwire) — Bombardier (TSX: BBD.B) today announced a definitive agreement to sell its aerostructures business to Spirit AeroSystems Holding, Inc. (Spirit), supporting Bombardier’s strategic decision to focus on its two strong growth pillars, trains and business aircraft. With this transaction, Spirit will acquire Bombardier’s aerostructures activities and aftermarket services operations in [...]
MONTRÉAL, Oct. 31 (Korea Bizwire) — Bombardier (TSX: BBD.B) today reported its third quarter 2019 financial results, highlighting continued progress on its turnaround. Among its achievements in the third quarter, Bombardier obtained Transport Canada and European Aviation Safety Agency (EASA) certification for its new Global 5500 and Global 6500 aircraft, with the Global 6500 also entering service. Bombardier Transportation made steady [...]