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Tag Archives: Bombardier

Bombardier Inc to start direct sales to customers in Middle East, incur $278M charge in Q4


Canadian planemaker Bombardier Inc said it would start selling directly to customers in the Middle East and North Africa and that it would end a contract with its exclusive sales representative in the region. Bombardier will incur charges of $278 million in the fourth quarter due the move and on …

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Bombardier Inc’s CSeries hopes dashed by United Airlines, but Delta Air Lines Inc remains potential buyer


Two days after the CEO of Delta Air Lines Inc. said the company is taking a “serious look” at Bombardier Inc.’s CSeries jetliner, another major U.S. carrier dashed hopes that it too could be a linchpin customer for the troubled aircraft. United Airlines announced Thursday that it will buy 40 …

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Keeping sanctions against Iran hurt Bombardier, other industries, says Stephane Dion


OTTAWA — Maintaining sanctions on Iran will only hurt Canadian companies such as Montreal-based airplane manufacturer Bombardier, says Foreign Affairs Minister Stephane Dion. Dion said Tuesday that Canada will lift a series of sanctions on Iran, while leaving some others in place, following that country’s historic nuclear deal with six …

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More frustration for Bombardier Inc: Airbus inks US$25B deal to sell 118 planes to Iran


France’s Airbus Group SE agreed to sell 118 aircraft to Iran Thursday, intensifying Canadian firms’ frustration that their competitors are already notching big orders while they sit and wait for sanctions to lift. Bombardier falls to penny stock for the first time in 25 years, threatening TSX listing: 'A disaster' …

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Bombardier Inc plans reverse stock split as shares dive to lowest level in 25 years: sources


MONTREAL — Plane and train maker Bombardier Inc, whose stock has hit its lowest level in 25 years, will soon announce plans for a reverse stock split, two sources familiar with the matter said, in order to remain a part of Canada’s benchmark stock index. The sources, who are not …

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Trudeau pushing for Bombardier Inc governance changes in exchange for possible aid: sources


OTTAWA • The Canadian government is pushing for changes in the dual-class share structure of embattled aircraft manufacturer Bombardier Inc. in exchange for possible financial aid, officials familiar with the plans said. Prime Minister Justin Trudeau’s government, which is reviewing a request by Bombardier to help fund the development of …

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WestJet Airlines Ltd seeks to slow Bombardier Q400 deliveries as Alberta economy struggles


In another possible blow to Bombardier Inc., WestJet Airlines Ltd. is in talks with the struggling company to slow down deliveries of the Q400 turboprops it has on order, part of a broader strategy to cope with Alberta’s deteriorating economy. Cross-border flights, reversed: With low loonie, more Americans flying out …

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Bombardier Inc founder’s grandson Charles comes up with an invention a week — and he’s giving them away for free


Thomas Edison famously patented 1,093 inventions in his 84 years. Charles Bombardier, on the other hand, is trying to invent something new every week — a pace that puts him on track to outdo Edison by the time he’s 60. Bombardier, 41, is the grandson of Joseph-Armand Bombardier, creator of …

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Bombardier Inc’s aircraft orders likely fell short in fourth quarter, analysts say


Bombardier Inc.’s fourth-quarter results are unlikely to provide much comfort to investors still hanging on after the shares’ plunge into penny-stock territory last month. Bombardier’s biggest gamble: How everything went so wrong with the CSeries dream The story of the CSeries is one of bad luck, bad timing and questionable …

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Air Canada announces plans to buy 75 Bombardier CSeries planes worth $3.8 billion


Air Canada said its costs would fall this year if the Canadian dollar remained unchanged from 2015 levels, and announced plans to buy up to 75 CS300 aircraft from Bombardier Inc as part of a plan to renew its fleet. A falling Canadian dollar has been weighing on Air Canada …

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