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VistaJet Takes Delivery of Two New Global 7500 Aircraft and Announces Order of 10 New Challenger 350 Jets as Demand Continue to Grow

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 [...]

Bombardier Marks 50th Global 7500 Aircraft Delivery Milestone

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 [...]

Bombardier Provides 2025 Financial Targets and Highlights Progress on Key Earnings Growth and Cash Generation Drivers at Virtual Investor Day

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 [...]

Bombardier and Aston Martin Announce Intent to Collaborate and Create the Ultimate Convergence of Performance and Style

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 [...]

Bombardier Challenger 350 Jet Most Delivered in Category for Seventh Consecutive Year, Company Also Ends 2020 with Highest Total Market Share in Fourth Quarter

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 [...]

Bombardier Announces Full Repayment of Senior Secured Credit Facility

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 [...]

Bombardier Reports Full Year 2020 Financial Results, Provides 2021 Guidance and Outlines Actions to Drive Profitability and Productivity

2020 revenues from Business Aircraft activities reached $5.6 billion, growing 3% year-over-year on 114 deliveries, 44 of which were in the fourth quarter, including a record 16 Global 7500 aircraft deliveries 2020 adjusted EBITDA(1) of $200 million from continuing operations; $912 million of reported EBIT, reflects the accounting gains on disposal of the CRJ and aerostructures businesses Fourth [...]

REMINDER: Bombardier to Report Fourth Quarter and Full Year 2020 Financial Results on February 11, 2021

MONTRÉAL, Feb. 10 (Korea Bizwire) — Bombardier (TSX: BBD.B) will publish its financial results for the fourth quarter and full year ended December 31, 2020 on Thursday, February 11, 2021. On February 11, 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 [...]

Bombardier to Report Fourth Quarter and Full Year 2020 Financial Results on February 11, 2021

MONTRÉAL, Feb. 5 (Korea Bizwire) — Bombardier (TSX: BBD.B) will publish its financial results for the fourth quarter and full year ended December 31, 2020 on Thursday, February 11, 2021. On February 11, 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 [...]

Bombardier Closes Sale of its Transportation Business to Alstom

Net proceeds to Bombardier of ~$3.6 billion, including ~$600 million in Alstom shares Proceeds strengthen liquidity and will allow the Company to begin debt paydown1; Pro-forma net debt as of December 31, 2020 ~$4.7 billion2 Completes Bombardier’s repositioning as a pure-play business jet company All amounts in this press release are in U.S. dollars unless otherwise [...]