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Bombardier Raises Full Year Guidance Following Solid First Half Execution and Market Momentum, Reports Second Quarter 2021 Results

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 [...]

Bombardier to Report Second Quarter 2021 Financial Results on August 5, 2021

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 [...]

Bombardier Delivers First Global 7500 Aircraft in Indonesia

MONTREAL, June 18 (Korea Bizwire) — Bombardier is pleased to announce the arrival of the first Global 7500 business jet in Indonesia. This award-winning aircraft was recently delivered to an undisclosed customer based in Jakarta. With a worldwide fleet numbering more than 50 aircraft, the Global 7500 business jet continues to exceed expectations and reinforce its position as the [...]

Bombardier Announces Closing of Placement of 7.45% Notes Due 2034 and Announces Amendment and Extension of Certain Consent Solicitations

MONTREAL, May 18 (Korea Bizwire) — Bombardier (TSX: BBD.B) (the “Corporation”) today announced that it has completed the issuance and sale to an institutional accredited investor (the “Investor”) of US$260,000,000 aggregate principal amount of Bombardier’s 7.45% Senior Notes due 2034 (the “Additional Notes”) at a purchase price of par. The Additional Notes are additional notes [...]

Bombardier Collaborates with Sterling for Enhanced Worldwide Customer Support of Parts Shipments

MONTRÉAL, May 18 (Korea Bizwire) — Bombardier today announced its collaboration with Sterling Global Aviation Logistics, a global leader in aviation transportation and logistics to enhance worldwide dispatch of parts for its customers. The collaboration provides Bombardier with access to a network of aircraft, based across five continents, with which to deliver a wide variety [...]

Bombardier Announces Further Deleveraging Actions with Full Repayment of its 6⅛% Senior Notes Due 2021

MONTRÉAL, May 17 (Korea Bizwire) — Bombardier (TSX: BBD.B) today announced that, as part of its plan to enhance profitability and deleverage its balance sheet, it has completed the repayment in full and complete discharge of its 6⅛% Senior Notes due May 15, 2021 utilizing its available liquidities. The payout was in the amount of [...]

Bombardier Announces the Election of its Board of Directors

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, [...]

Bombardier Reports First Quarter 2021 Financial Results, Affirms Full Year Financial Guidance and Delivery Outlook

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 [...]

Bombardier to Report First Quarter 2021 Financial Results and Hold Virtual Annual Meeting of Shareholders on Thursday, May 6, 2021

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 [...]

Bombardier’s Worldwide Network of Line Maintenance Stations Expands to its Tenth Location – Geneva, Switzerland

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 [...]