Bombardier Inc.BOTCQX
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  • Thu, Dec. 8, 7:55 AM
    • Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) has finalized a firm purchase agreement with Philippine Airlines, consistent with the LOI announced on October 14, 2016.
    • The deal includes a firm order for five Q400 aircraft, valued at about $165M, and purchase rights for an additional seven Q400 aircraft.
    | Thu, Dec. 8, 7:55 AM
  • Mon, Dec. 5, 8:24 AM
    • French National Railway Company has placed an order for 52 additional commuter trains from Bombardier Transportation (OTCQX:BDRAF, OTCQX:BDRBF).
    • The order is valued at approximately €348M and is a call off from a contract signed in 2006 for a maximum of 372 trains.
    | Mon, Dec. 5, 8:24 AM | 1 Comment
  • Fri, Nov. 25, 6:55 AM
    • Bombardier Transportation (OTCQX:BDRAF, OTCQX:BDRBF) has received an option order to build 40 OMNEO premium double deck intercity trains from French state-owned railways company SNCF Reseau.
    • The deal, valued at about €585M ($620M), is the exercise of an option under a 2010 contract with SNCF to provide up to 860 double deck trains to the French Regions.
    | Fri, Nov. 25, 6:55 AM | 1 Comment
  • Tue, Nov. 22, 8:10 AM
    • Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) has been awarded an eight-year contract valued at C$331M ($247M) from Montreal's regional transport authority.
    • The deal, in effect since Nov. 18, is to operate and maintain a commuter rail fleet in the greater Montreal area.
    | Tue, Nov. 22, 8:10 AM
  • Sun, Nov. 13, 9:27 AM
    • As part of its plan to expand in the growing industry, Honda (NYSE:HMC) expects to ramp up business jet production and assemble 80 planes annually by March 2019, up from 36 currently.
    • The company began deliveries of its $4.5M jet in December and has received around 100 orders so far, mainly from customers in North America and Europe.
    • It competes with similar-sized aircraft produced by Cessna (NYSE:TXT), Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) and Embraer (NYSE:ERJ).
    | Sun, Nov. 13, 9:27 AM | 5 Comments
  • Thu, Nov. 10, 7:54 AM
    • Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) reported a lower-than-expected adjusted net loss of $10M compared with a $2M profit a year earlier, when the company booked non-cash charges of about $4.4B on its CSeries and Learjet 85 programs.
    • The planemaker delivered 36 business jets and 16 commercial aircraft during the quarter vs. 43 and 14 in the same period last year.
    • Bombardier still expects to finish the year with improved operating margins in all of its businesses and raised the lower end of its EBIT forecast to $350M from $200M, while maintaining the upper end at $400M.
    | Thu, Nov. 10, 7:54 AM
  • Fri, Nov. 4, 9:11 AM
    • Metrolinx, the agency that manages public transit in Ontario, confirms it has formally notified its intent to cancel its C$770M contract with Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) to supply light rail vehicles in Toronto.
    • Metrolinx has expressed concerns about delays in the production of 182 light rail vehicles, which the agency ordered in 2010 to serve provincially funded light rail lines; Bombardier has not delivered any vehicles.
    • Metrolinx’s notice of intent does not necessarily mean it will terminate the deal, but it is a step that follows issuance of a notice of default in July.
    | Fri, Nov. 4, 9:11 AM | 5 Comments
  • Thu, Nov. 3, 7:41 AM
    • An Alstom (OTCPK:ALSMY) and Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) consortium is the only bidder for a €3B contract to supply commuter trains after French rail operator SNCF told trainmaker CAF that it is out of the race.
    • An SNCF executive said the tender process was on-going and that a final decision to provide the 270 trains to serve the Paris region would be made by year-end.
    | Thu, Nov. 3, 7:41 AM | 1 Comment
  • Mon, Oct. 31, 10:54 AM
    • The company has hired 200 technicians and is expanding service centers in Europe, the U.S. and Asia amid a sustained slowdown in business jet sales.
    • "We are focused on growing our aftermarket business," said Jean-Christophe Gallagher, VP of strategy and marketing at Bombardier Business Aircraft, but declined to specify the amount of investment or what level of sales growth the planemaker expected from the expansion.
    | Mon, Oct. 31, 10:54 AM
  • Mon, Oct. 31, 8:30 AM
    • Business jet makers will deliver fewer planes next year, according to Honeywell, deepening a downward spiral caused by slow global growth and lower oil prices.
    • The forecast anticipates a low single-digit percentage decline in the number of jets delivered in 2017 as buyers wait for models arriving in 2018 and 2019.
    • Honeywell also cut its 10-year outlook for business jet deliveries, saying it expects plane manufacturers to supply 8,600 new jets valued at $255B through 2026, down from 9,200 jets worth $270B it forecast last year.
    | Mon, Oct. 31, 8:30 AM | 1 Comment
  • Mon, Oct. 31, 4:55 AM
    • Hawkers of civil and military aircraft - and the money to finance them - will try to drum up new business at aerospace expos this week, conscious their high-risk industry is approaching a turning point.
    • China's biggest aviation event - Airshow China - starts in Zhuhai tomorrow. A defense trade show will also take place in Jakarta and an air finance conference in Hong Kong, as well as the annual U.S. business jet jamboree in Orlando, Florida.
    • Among the U.S. exhibitors: AME, BA, ERJ, HON, HXL, LLL, LMT, SNA, TKR, TXT, UTX
    | Mon, Oct. 31, 4:55 AM | 2 Comments
  • Fri, Oct. 21, 7:29 AM
    • Canadian aerospace and train manufacturer Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) plans to deepen its job-cuts program, saying it will axe 7,500 positions, or 10% of its global workforce, over the next two years as it doubles down on its efforts to turn around its rail division.
    • Bombardier, which announced other job losses in February, expects recurring savings of about $300M by the end of 2018 from the latest move, although it will also take restructuring charges of $225-275M starting in Q4 2016.
    | Fri, Oct. 21, 7:29 AM | 2 Comments
  • Fri, Oct. 14, 7:20 PM
    • Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) says it received a letter of intent from Philippine Airlines to buy up to a dozen of its Q400 aircraft for an undisclosed purchase price.
    • Bombardier says ~190 of its aircraft are either in service or have been ordered by airlines in the Asia-Pacific region.
    • The company also says it has firm orders on the books for a total of 565 Q400 aircraft.
    | Fri, Oct. 14, 7:20 PM | 12 Comments
  • Thu, Oct. 6, 8:02 AM
    • Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) expects the first flight of its new Global 7000 ultra-long-range business jet to take place in November, a boost for the plane whose entry-into-service has been delayed two years.
    • The test flight is expected to last longer than two hours, and would be a milestone for the new luxury jet, which is scheduled to enter service in 2018.
    | Thu, Oct. 6, 8:02 AM | 1 Comment
  • Thu, Sep. 29, 8:06 AM
    • Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) is starting to look at its options for a new aerospace program now that its CSeries commercial plane is complete.
    • CEO Alain Bellemare said he didn't know yet whether Bombardier would invest in commercial or business aircraft, but the company is looking at where there are gaps in the market and what competitors are doing.
    | Thu, Sep. 29, 8:06 AM | 5 Comments
  • Tue, Sep. 27, 8:09 AM
    • Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) has delivered two Q400 turboprops to Air Tanzania.
    • The delivery increases the fleet of Q Series turboprops in Africa to approximately 125 aircraft including 40 Q400 aircraft.
    | Tue, Sep. 27, 8:09 AM | 1 Comment