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Bombardier Announces Temporary Suspension of Work at its Canadian Operations; Suspends 2020 Financial Guidance

Bombardier Announces Temporary Suspension of Work at its Canadian Operations; Suspends 2020 Financial Guidance

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, [...]

Bombardier Announces Leadership Change

Bombardier Announces Leadership Change

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 [...]

Media Advisory: Bombardier CEO and CFO to Speak at Barclays Industrial Select Conference on February 19, 2020

Media Advisory: Bombardier CEO and CFO to Speak at Barclays Industrial Select Conference on February 19, 2020

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   [...]

Bombardier Announces its Strategic Decision to Focus on Business Aviation and its Intent to Accelerate Deleveraging Through Sale of Transportation Division to Alstom

Bombardier Announces its Strategic Decision to Focus on Business Aviation and its Intent to Accelerate Deleveraging Through Sale of Transportation Division to Alstom

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 [...]

Bombardier Announces Full-Year Financial Results

Bombardier Announces Full-Year Financial Results

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 [...]

Airbus and the Government of Québec Become Sole Owners of the A220 Programme as Bombardier Completes its Strategic Exit from Commercial Aviation

Airbus and the Government of Québec Become Sole Owners of the A220 Programme as Bombardier Completes its Strategic Exit from Commercial Aviation

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 [...]

Bombardier to Report Fourth Quarter and Full Year 2019 Financial Results on February 13, 2020

Bombardier to Report Fourth Quarter and Full Year 2019 Financial Results on February 13, 2020

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 [...]

Bombardier Provides Preliminary Fourth Quarter and Full Year 2019 Financial Results and Updates on Accelerating Deleveraging Phase of Turnaround Plan

Bombardier Provides Preliminary Fourth Quarter and Full Year 2019 Financial Results and Updates on Accelerating Deleveraging Phase of Turnaround Plan

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 [...]

Bombardier Announces Definitive Agreement to Sell Aerostructures Business to Spirit AeroSystems Holding, Inc.

Bombardier Announces Definitive Agreement to Sell Aerostructures Business to Spirit AeroSystems Holding, Inc.

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 [...]

Bombardier Reports Third Quarter 2019 Results

Bombardier Reports Third Quarter 2019 Results

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 [...]