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Bombardier Exceeds Revised 2021 Guidance, Delivers Positive Full Year Free Cash Flow, and Provides 2022 Guidance on Track Towards 2025 Objectives

2021 reported revenues for the year of $6.1 billion, including business jet revenues of $6.0 billion, up 7% year-over-year, driven by higher deliveries, a favorable aircraft mix and strong aftermarket performance at $1.2 billion, up 25% year-over-year. 2021 adjusted EBITDA(1) rose 220% from the same period last year to $640 million, fueled by a better [...]

Bombardier Announces New Sales Team Appointments

MONTREAL, Jan. 24 (Korea Bizwire) — Bombardier today announced strategic changes to its international sales leadership team. The changes, which take effect immediately, are designed to further optimize Bombardier’s worldwide sales experience and capitalize on robust demand for its market-leading, smooth-flying business jets. Following his decision to leave the company to pursue personal opportunities, Christophe [...]

Bombardier Marks Dual Celebration – NetJets Accepts First Global 7500 Business Jet as Bombardier Delivers 1,000th Global Aircraft

MONTRÉAL, Dec. 2 (Korea Bizwire) — Bombardier announced today the delivery of the 1,000th Global aircraft. The major milestone was reached as the NetJets team led by Patrick Gallagher, President, Sales, Marketing and Services, took delivery of the private aviation company’s first Global 7500 business jet. The addition of a Global 7500 aircraft to the NetJets fleet redefines its large-cabin, long-range [...]

Bombardier Celebrates Graduation of First Cohort of Red Oak, Texas-based Apprentices in Comprehensive Training Program

RED OAK, Texas, Nov. 4 (Korea Bizwire) — Bombardier today announced the graduation of 10 participants from its first cohort of apprentices enrolled in its comprehensive apprenticeship training program developed in association with Texas State Technical College (TSTC) in Red Oak, Texas. With the successful completion of the training program, graduates are offered full-time employment [...]

Bombardier Names Nick W. Verdea Recipient of 2021 Safety Standdown Award

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 [...]

Bombardier’s Safety Standdown Welcomes New Leader as Chris Milligan Succeeds Andy Nureddin in Stewarding Influential Industry Event

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 [...]

Bombardier Announces Construction of New Global Manufacturing Centre in Mississauga is on Track, Reiterates Sustainment of 2,000 Jobs and Commitment to Aerospace Community in Ontario

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 [...]

Bombardier Reports its Third Quarter 2021 Results, Demonstrates Solid Execution and Strong Cash Flow Performance

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 [...]

Bombardier to Report Third Quarter 2021 Financial Results on October 28, 2021

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 [...]

Bombardier Expands Customer Offerings at Dallas Service Centre with New Interior Repair and Refurbishment Capabilities

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 [...]