MONTRÉAL, Oct. 1 (Korea Bizwire) — Bombardier (TSX: BBD.B) announced today that it has begun the process of streamlining its senior leadership team as it transitions to a pure-play business jet company. As part of this process, the Company has eliminated the Bombardier Aviation president role and announced that David Coleal will depart the Company. [...]
MONTREAL, Sept. 16 (Korea Bizwire) — Bombardier (TSX: BBD.B) today announced that it has signed a definitive Sale and Purchase Agreement (SPA), with Alstom SA and the Caisse de dépôt et placement du Québec (“la Caisse”) for the sale of its Transportation business to Alstom. Under the SPA, Bombardier and la Caisse will sell their interests in Bombardier Transportation [...]
MONTREAL, Aug. 19 (Korea Bizwire) — Bombardier (TSX: BBD.B) announced today that it has successfully closed the previously announced three-year $1.0 billion senior secured term loan facility (the “Facility”) with HPS Investment Partners, LLC, acting as administrative agent, collateral agent and the lead lender for a group that included investment funds and accounts managed by [...]
MONTRÉAL, Aug. 6 (Korea Bizwire) — Bombardier (TSX: BBD.B) announced today its financial results for the second quarter of 2020 and provided an update on the actions the company is taking to manage the business through the COVID-19 pandemic. Bombardier also provided an update on the status of the previously announced divestitures undertaken to reshape [...]
MONTREAL, Aug. 5 (Korea Bizwire) — Bombardier (TSX: BBD.B) will publish its financial results for the second quarter ended June 30, 2020 on August 6, 2020. On August 6, 2020 at 8:00 a.m., EDT, Éric Martel, President and Chief Executive Officer; John Di Bert, Senior Vice President and Chief Financial Officer; and Patrick Ghoche, Vice President, [...]
MONTREAL, July 29 (Korea Bizwire) — Bombardier (TSX: BBD.B) will publish its financial results for the second quarter ended June 30, 2020 on August 6, 2020. On August 6, 2020 at 8:00 a.m., EDT, Éric Martel, President and Chief Executive Officer; John Di Bert, Senior Vice President and Chief Financial Officer; and Patrick Ghoche, Vice President, [...]
MONTREAL, July 22 (Korea Bizwire) — Bombardier (TSX: BBD.B) reported that its second quarter cash usage was approximately $500 million better than previously expected and that it has secured a commitment from investment funds and accounts managed by HPS Investment Partners, LLC to provide a three-year senior secured term loan (the “Facility”) of up to [...]
MONTRÉAL, July 9 (Korea Bizwire) — Bombardier (TSX: BBD.B) confirmed its support of the commitments announced by Alstom earlier today to address potential concerns raised by the European Commission in relation to Alstom’s acquisition of Bombardier Transportation, including the disposition of certain assets currently held by Bombardier Transportation. Commitments to be submitted to the European [...]
MONTREAL, June 18 (Korea Bizwire) — Bombardier announced today that all candidates in the Management Proxy Circular dated May 6, 2020 were elected as directors of Bombardier Inc. during its annual meeting of shareholders, which was held in Montreal earlier today. The detailed results of the ballot for the election of directors are below. Election [...]
MONTREAL, June 16 (Korea Bizwire) — Bombardier (TSX: BBD.B) will host its 2020 Annual Meeting of Shareholders (“Meeting”) on June 18, 2020 at 10:30 EDT in a virtual format due to the ongoing public health concerns related to the COVID-19 pandemic. The Corporation previously announced in its 2020 Notice of Meeting that, subject to public [...]