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 [...]
MONTREAL, Dec. 3 (Korea Bizwire) — Bombardier (TSX: BBD.B) announced today the appointment of Annie Torkia Lagacé as Senior Vice President, General Counsel and Corporate Secretary, effective immediately. Annie will report to Éric Martel, President and Chief Executive Officer, Bombardier Inc., replacing Steeve Robitaille who will remain with the Company in the role of Senior [...]
MONTRÉAL, Dec. 1 (Korea Bizwire) — Bombardier (TSX: BBD.B) and Alstom announced today that all necessary regulatory approvals required to complete the sale of Bombardier Transportation to Alstom have been received. Bombardier and Alstom now expect the transaction to close on January 29, 2021. About Bombardier With over 52,000 employees across two business segments, Bombardier [...]
MONTREAL, Nov. 30 (Korea Bizwire) — Bombardier (TSX: BBD.B) announced today the appointment of Bart Demosky as Executive Vice President and Chief Financial Officer, effective immediately. Bart will report to Éric Martel, President and Chief Executive Officer, Bombardier Inc., replacing John Di Bert who will be leaving the Company. “We are very excited to welcome [...]
Total revenues(1) of $3.5 billion, lower by 5% year-over-year due to pandemic-related disruptions and divestitures; Business Aircraft revenues reached $1.2 billion on 24 deliveries, growing 10% year-over-year, driven by accelerating Global 7500 deliveries Total adjusted EBITDA(1)(2) of $176 million; $15 million of reported total EBIT(1)(2) Free cash flow usage(2) of $0.7 billion, continuing to target breakeven for the second half [...]
MONTRÉAL, Nov. 3 (Korea Bizwire) — Bombardier (TSX: BBD.B) will publish its financial results for the third quarter ended September 30, 2020 on November 5, 2020. On November 5, 2020 at 8:00 a.m., EST, Éric Martel, President and Chief Executive Officer; John Di Bert, Senior Vice President and Chief Financial Officer; and Patrick Ghoche, Vice President, [...]
MONTREAL, Oct. 30 (Korea Bizwire) — The closing of the previously announced aerostructure business transaction between Bombardier Inc. (TSX: BBD.B) and Spirit AeroSystems Holding, Inc. (NYSE : SPR) came into effect today on October 30, 2020. Spirit now owns Bombardier’s aerostructures activities and aftermarket services operations in Belfast, U.K.; Casablanca, Morocco; and its aerostructures maintenance, [...]
MONTRÉAL, Oct. 28 (Korea Bizwire) — Bombardier (TSX: BBD.B) will publish its financial results for the third quarter ended September 30, 2020 on November 5, 2020. On November 5, 2020 at 8:00 a.m., EST, Éric Martel, President and Chief Executive Officer; John Di Bert, Senior Vice President and Chief Financial Officer; and Patrick Ghoche, Vice President, [...]
MONTREAL, Oct. 26 (Korea Bizwire) — Bombardier (TSX: BBD.B) announced today it has entered into an amended definitive agreement to sell its aerostructures business to Spirit AeroSystems Holding, Inc. (Spirit), supporting Bombardier’s strategic decision to reposition itself as a pure-play business aircraft company. This transaction is set to close on October 30, 2020 as all [...]
MONTREAL, Oct. 13 (Korea Bizwire) — Bombardier and Jetex have joined forces to establish a world-class fixed-base operator (FBO) experience in Singapore, the two companies are pleased to announce. Bombardier is in the midst of expanding capabilities and hangar space at its Singapore Service Centre at Seletar Aerospace Park to transform this facility into a [...]