MONTRÉAL, May 6 (Korea Bizwire) — Bombardier announces that all candidates in the Management Proxy Circular dated March 26, 2021, were elected as directors of Bombardier Inc. during its annual meeting of shareholders held virtually earlier today. Detailed results of the ballot for the election of directors are below. Election of Directors Following a vote, [...]
Business jet revenues of $1.3 billion, up 18% year-over-year, mainly driven by a favourable mix of large-cabin aircraft deliveries, including eight Global 7500 aircraft Adjusted EBITDA(1) from continuing operations of $123 million, up 43% year-over-year, reflecting an improved aircraft mix, Global 7500 aircraft learning curve progress and cost structure improvements; adjusted EBIT(1) from continuing operations of $29 million. Reported EBIT from [...]
MONTREAL, April 26 (Korea Bizwire) — Bombardier (TSX: BBD.B) will publish its financial results for the first quarter of 2021 on May 6, 2021. On the same day, Bombardier will hold its Annual Meeting of Shareholders (“Meeting”) in a virtual format due to the ongoing public health concerns related to the COVID-19 pandemic. Quarterly Conference [...]
MONTREAL, April 21 (Korea Bizwire) — Bombardier is pleased to announce the opening of a new Line Maintenance Station at Geneva Airport. This most recent addition further complements the tip-to-tail maintenance services provided by Bombardier’s rapidly growing Services and Support network in Europe and worldwide. Located at Geneva Airpark, Bombardier’s new Line Maintenance Station offers [...]
Malta, April 6 (Korea Bizwire) — VistaJet, the first and only global business aviation company, today announces additions to its state-of-the-art infrastructure with the delivery of the first two of its Global 7500 aircraft, ready for commercial availability, and the order of 10 new Challenger 350 planes, from long-standing partner Bombardier. VistaJet is the first [...]
MONTREAL, March 29 (Korea Bizwire) — Bombardier announced today that it delivered the 50th Global 7500 aircraft. The milestone delivery was achieved as production of the industry flagship continues to mature, and as the aircraft’s in-service performance continues to deliver very high levels of reliability. The 50th delivery of the Global 7500 business jet follows a successful 2020, where Bombardier [...]
MONTREAL, March 4 (Korea Bizwire) — Bombardier (TSX: BBD.B) today will host its virtual Investor Day, during which the company’s leadership team will provide its 2025 financial targets and market outlook, as well as highlight progress on the company’s actions to drive earnings growth and cash generation. These actions include capturing the value associated with [...]
MONTREAL, March 3 (Korea Bizwire) — Aston Martin and Bombardier – two iconic brands – have signed a letter of intent to collaborate on custom design services for Bombardier business jets. The collaboration would give customers the opportunity for a truly unique design experience, with the meeting of the top creative minds from the luxury [...]
MONTREAL, Feb. 26 (Korea Bizwire) — Bombardier announced today that its best-selling Challenger 350 aircraft was the most-delivered medium category business jet in 2020, making it the category leader for a seventh consecutive year. As detailed in the General Aviation Manufacturers Association’s (GAMA) annual shipment and billings report released February 24, the company also outpaced competitors by delivering [...]
MONTRÉAL, Feb. 17 (Korea Bizwire) — Bombardier (TSX: BBD.B) today announced that it has initiated the repayment of the total outstanding balance of $750 million drawn on its $1 billion senior secured term loan facility (the “Facility”) established on August 19, 2020. Payout of the Facility, including all accrued interest and associated fees, will be completed [...]