TOKYO and MONTRÉAL, Jun. 25 (Korea Bizwire) — Mitsubishi Heavy Industries, Ltd (MHI) (TOKYO:7011) and Bombardier Inc (TSX: BBD.B) announced today they have entered into a definitive agreement, whereby MHI will acquire Bombardier’s regional jet program for a cash consideration of $550 million USD, payable to Bombardier upon closing, and the assumption by MHI of [...]
MONTREAL, Jun. 5 (Korea Bizwire) — Bombardier has recently stated it would explore strategic options for the CRJ Program. From time to time, this may lead to discussions with potential counterparties. While Bombardier does not generally comment publicly on market speculation or rumors, in light of recent media reports, Bombardier believes it is prudent to [...]
MONTRÉAL, Jun. 3 (Korea Bizwire) — Bombardier (TSX: BBD.B) confirmed today the closing of the previously announced sale of the Q Series aircraft program assets to De Havilland Aircraft of Canada Limited (formerly Longview Aircraft Company of Canada Limited), an affiliate of Longview Aviation Capital Corp., for gross proceeds of approximately $300 million. Net proceeds [...]
MONTRÉAL, Apr. 25 (Korea Bizwire) — Bombardier (TSX: BBD.B) announced today preliminary financial results for the first quarter of 2019 and provided updates to its full year revenue and earnings outlook. First quarter 2019 adjusted EBITDA and adjusted EBIT are expected to be approximately $265 million and $170 million, respectively, on revenues of approximately $3.5 [...]
TORONTO, Apr. 1 (Korea Bizwire) – Bombardier Commercial Aircraft announced today that a customer, who has requested to remain unidentified at this time, has signed an order to acquire six new Q400 aircraft. Based on the list price of the Q400 aircraft, the firm order is valued at approximately US$ 202 million. “The Q400 aircraft offers [...]
MONTREAL, Sept. 28 (Korea Bizwire) — Bombardier Business Aircraft announced today that its flagship Global 7500 aircraft, the largest, most luxurious and longest range business jet ever built, has been awarded Transport Canada Type Certification, paving the way for entry-into-service this year. Certification by the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA) [...]
TORONTO, Sept. 10 (Korea Bizwire) — Bombardier Commercial Aircraft announced today that Biman Bangladesh Airlines Ltd. has ordered three new Q400 turboprops by signing a purchase agreement with the Canadian Commercial Corporation (CCC). Based on the list price of the Q400 aircraft, the firm order is valued at approximately US$106 million. “We are very pleased [...]
TORONTO, Aug. 1 (Korea Bizwire) — This document corrects and replaces the press release that was sent today at 9:00 am EDT. Bombardier Commercial Aircraft announced today that its 90-passenger Q400 aircraft configuration has received its certification from Transport Canada, becoming the first in-production commercial turboprop in the world to reach that capacity. “With increasing [...]
MONTRÉAL, Jul. 16 (Korea Bizwire) — Bombardier Commercial Aircraft unveiled the interior of the first CRJ Series aircraft with the new ATMOSPHÈRE cabin design on the opening day of the Farnborough International Air Show in the United Kingdom. Bombardier showcased the new cabin alongside launch operator Delta Air Lines and supplier Zodiac Aerospace during its [...]
ULSAN, South Korea, Jan. 3 (Korea Bizwire) — Korean Air Lines Co. will fly its new CS300 aircraft on the Seoul-Ulsan route later this month, Ulsan city government said Wednesday. South Korea’s flagship carrier will fly two fuel-efficient 127-seat CS300s, manufactured by Canadian aircraft company Bombardier, on domestic routes linking Seoul to Ulsan, Pohang, Yeosu [...]