MONTREAL, Nov. 4 (Korea Bizwire) — Nick W. Verdea, a Certified Aviation Manager (CAM) and Global Leadership Professional (GLP), has been named the 2021 winner of the Bombardier Safety Standdown Award, as selected by the Safety Standdown Advisory Council members. Verdea, Director of Aviation and Corporate Travel for The Williams Company in Tulsa, OK., is [...]
MONTREAL, Nov. 2 (Korea Bizwire) — Bombardier’s annual Safety Standdown event, one of the most comprehensive safety gatherings in the aviation industry, is honoring a dedicated Bombardier executive who has been a passionate steward and leader of the event for many years and announcing a new successor to lead the program. Bombardier’s Chris Milligan, Vice [...]
MISSISSAUGA, Ontario, Nov. 2 (Korea Bizwire) — Bombardier provided further details on the construction of its new, state-of-the-art facility at the Toronto Pearson International Airport that will optimize final assembly operations for its family of Global business jets, including the industry flagship Global 7500 aircraft. In an event attended by Bonnie Crombie, Mayor of the City of Mississauga, Deborah [...]
Business aircraft revenues of $1.4 billion, up 17% year-over-year, mainly driven by an improved delivery mix and continued strong aftermarket recovery as overall fleet flight hours surpass 2019 levels. Adjusted EBITDA(1) of $142 million (9.8% adjusted EBITDA margin(1)), representing a year-over-year improvement of $58 million or 69% reflecting continued progress on the Global 7500 aircraft’s learning curve, cost structure improvements and an improved [...]
MONTRÉAL, Oct. 21 (Korea Bizwire) — Bombardier (TSX: BBD.B) will publish its financial results for the third quarter ended September 30, 2021, on October 28, 2021. On October 28, 2021, at 8:00 a.m., EST, Bombardier will hold a webcast/conference call intended for investors and financial analysts to review the company’s financial results for the third quarter [...]
MONTRÉAL, Sept. 22 (Korea Bizwire) — Bombardier is pleased to announce the enhancement of its interior repair and refurbishment activities at its service centre in Dallas, Texas, providing customers with even more maintenance and support capabilities. Bombardier will collaborate with Global Engineering & Technology, Inc. (GETI), a market-leader in aircraft furnishings since 1991, to offer [...]
MONTRÉAL, Sept. 7 (Korea Bizwire) — Bombardier is pleased to invite members of the international community to a special virtual event premiering at 11:00 am (EDT) on Tuesday, September 14, 2021. The momentous virtual gathering will celebrate the best of aerospace innovation and Bombardier’s best-selling business jets. All those wishing to join the exclusive online [...]
MONTREAL, Aug. 19 (Korea Bizwire) — Bombardier today announced the launch of its new myMaintenance App, an exclusive tool to support customers subscribed to the Smart Link Plus connected aircraft program. Smart Link Plus subscribers now have the unique ability to make real-time in-flight data-driven decisions to effectively track, troubleshoot, and manage their aircraft service needs. Thanks to the new, [...]
Raised FY2021 guidance: (i) aircraft deliveries expected to reach ~120 units, revenues to exceed $5.8B; (ii) profitability increased to greater than $175M adjusted EBIT(1) and adjusted EBITDA(1) expected to be greater than $575M vs previously announced $100M and $500M, respectively; (iii) Free cash flow usage(1) now expected to be better than $300M for the year vs $500M(2) Business [...]
MONTRÉAL, Aug. 2 (Korea Bizwire) — Bombardier (TSX: BBD.B) will publish its financial results for the second quarter ended June 30, 2021 on Thursday, August 5, 2021. On August 5, 2021 at 8:00 a.m., EST, Bombardier will hold a webcast/conference call intended for investors and financial analysts to review the company’s financial results for the second [...]