Thu, Oct. 23, 10:35 AM
Mon, Sep. 22, 9:38 AM
- Bombardier ((OTCQX:BDRBF), (OTC:BOMBF)) and consortium partner Vossloh Kiepe (OTCPK:VOSSY), have signed an option to supply 16 additional Flexity Swift light rail vehicles to Transport for Greater Manchester’s Metrolink system.
- The option was included on a contract signed with Greater Manchester Passenger Transport Executive in 2007 and is valued at approximately £34M ($55M), with Bombardier’s share valued at approximately £25M ($41M).
Tue, Jul. 29, 10:06 AM
- Bombardier (OTCQX:BDRBF -0.6%), (OTC:BOMBF) Commercial Aircraft has announced that WestJet Encore has signed a firm purchase agreement for five Q400 NextGen airliners valued at approximately $167M.
- The transaction is a conversion of a batch of five options booked by the carrier's parent company WestJet (OTC:WJAFF +4.8%) and follows the first conversion of five option aircraft.
- Separately, Bombardier Transportation received orders for 22 additional Francilien commuter trains from SNCF's and STIF's (the Ile-de-France transportation authority) exercised options - for an order valued at approximately €162M ($218M).
Wed, May. 21, 3:36 PM
- Bombardier's (BDRAF, BDRBF) biggest customer for the CSeries aircraft, Republic Airways (RJET), is reconsidering whether to follow through with a $3B jet order after a change in airline strategy.
- The 40 CS300 aircraft on order are no longer a top priority for RJET as it returns to its roots as a provider of regional flights for larger carriers, CEO Bryan Bedford says, adding to doubts about whether Bombardier can complete a deal valued first announced in 2010.
- Since then, Bombardier has had to postpone the debut of the model it sees as a mainstay of future revenue, and RJET has dropped plans to compete with major airlines by flying full-size jetliners such as the CSeries.
Thu, May. 1, 8:46 AM
- Iran would purchase 400 new aircraft over 10 years if sanctions were lifted, the country's top aviation official reportedly says. The country has been banned from purchasing new Western airliners since the 1970s.
- Of Iran's 250 commercial planes, about 150 are flying and the rest are "not functional" because of a lack of spare parts. The average age of the nation's commercial fleet is 22 years.
- Under the recent deal with the international community over its nuclear program, Iran is allowed to acquire spare parts and services on a limited basis.
- Companies that could benefit from Iran being allowed to buy aircraft include Boeing (BA), Airbus (EADSY), Bombardier (BDRAF), Embraer (ERJ), GE (GE) and Rolls-Royce (RRCEF).
Tue, Jan. 21, 12:57 PM| Comment!
Thu, Jan. 16, 11:47 AM
- Bombardier (BDRAF -4.9%) has delayed the delivery of its first new CSeries aircraft by ~6 months, with the CS100 now expected to enter service in 2H 2015. The larger CS300 is expected 6 months after.
- Prior to the announcement, the airplane maker said it had received a firm order for 16 new CS300 jets from SaudiGulf Airlines - the deal would be valued at $1.21B at list prices. The value could increase to $1.99B if the airline exercises options to acquire another 10 CSeries.
- The newest deal brings Bombardier's firm order count to 198 CSeries planes, with options for nearly 250 more. The company is aiming for 300 firm orders before the aircraft enters service.
Sep. 5, 2013, 11:43 AM
- Bombardier (BDRAF.PK) agrees to sell its fractional jet ownership division, Flexjet, to a group of investors led by Directional Aviation Capital, a Cleveland-based private equity firm, for around $185M.
- The transaction would create a new entity, Flexjet LLC, that will be run by current management.
- The new company has also agreed to place an order for up to 245 Bombardier business jets, including a firm orders for 20 of its Challenger 350s, 30 Learjet 85s, and 10 Challenger 650s.
Jul. 29, 2013, 9:06 AM
- AECOM Technology (ACM), Siemens (SI) and Bechtel are part of a consortium that has won a $9.45B project to build two lines for a metro-system in Riyadh. Bechtel heads the group.
- In total, Saudi Arabia has handed out three contracts worth a total of $22.5B to construct six lines.
- The other winning consortia are: one that includes Spain's Fomento de Construcciones y Contratas, France's Alstom (AOMFF.PK) and South Korea's Samsung C&T Corp. (SSGFF.PK); and another that includes Italy's Ansaldo STS (ASDOF.PK), Canada's Bombardier (BDRAF.PK) and India's Larsen & Toubro (LTORY.OB).
- Design work is to start immediately, with construction set to begin in Q1 next year. The project is due for completion in 2019.
Dec. 6, 2012, 9:34 AMDelta Airlines (DAL) chooses Bombardier (BDRAF.PK) over Embraer (ERJ -5.3%) and orders 40 CRJ900 NextGen regional jets from the Canadian company, and takes an option to acquire another 30 in a deal that could be worth up to $3.29B. The initial value is $1.85B. The booking adds to orders worth billions of dollars that Bombardier received from Berkshire Hathaway's NetJets and VistaJet. | Comment!
Nov. 27, 2012, 5:52 AMBombardier (BDRAF.PK) receives what could turn out to be its largest-ever booking after luxury air-charter specialist VistaJet orders 56 of the Canadian company's Global-series business jets and takes options for 86 more. The initial value of the deal is $3.1B, a figure that could rise to $7.8B. The agreement highlights how orders for corporate jets are recovering following a four-year slump. | Comment!
Oct. 29, 2012, 8:29 AMHoneywell (HON) gets upbeat about the corporate jet market, predicting that the number delivered will rise 9% globally this year and next, and will reach $250B worth by 2022. Honeywell's Rob Wilson even predicts a decoupling of U.S. corporate results and jet sales as demand grows in Asia and Latin America. In addition to Honeywell, those that should benefit include GD's (GD) Gulfstream, Textron's (TXT) Cessna, Bombardier and Embraer (ERJ). (PR) | Comment!
Jul. 12, 2012, 1:13 PM
Jul. 8, 2012, 4:26 AMDealmaking will probably be less frenetic at this week's Farnborough Airshow than in previous years and at Paris in 2011. The eurozone recession, the looming automatic defense cuts in the U.S., and falling airline profits are among the reasons, as is the recent airline buying spree, which has caused a major backlog at the big plane makers. | Comment!
Jun. 11, 2012, 6:10 PMBerkshire Hathaway's (BRK.A, BRK.B) NetJets places $9.6B in purchase orders with Bombardier (BDRAF.PK, BDRBF.PK) and Cessna (TXT) for 425 new aircraft, in a deal NetJets calls the largest private aviation order in history. NetJets CEO Jordan Hansell is betting on a rebound in luxury flights after predecessor David Sokol cut the size of the fleet to cope with lower demand. | 2 Comments
Mar. 30, 2012, 6:45 AM
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