SA News • Tue, Dec. 16
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How Bombardier Could Benefit From Russia-Ukraine And Should Also Change Its Strategy
- Bombardier is cheap at the moment with a P/E of 11.
- The Russian-Ukrainian situation offers opportunities.
- Bombardier should also focus on the strong points of its aircraft and use these to increase revenue.
- Exiting or partnering of the CSeries airliner would be good for profitability.
Bombardier: An Unloved Stock Despite Strong Competitive Advantages And Cheap Valuation
- The growing global economy, combined with increasing demand for cost-effective aircraft and trains provides Bombardier with an expanding market catering to its competitive advantage.
- Heavy capital expenditures in previous years has provided Bombardier with cutting-edge technologies, positioning the company well for growth.
- Rising interest rates will significantly reduce pension liabilities- a unique trait given the mix of defined benefit and defined contribution pension plans Bombardier sponsors.
- Sell-off leaves Bombardier trading cheaply on both absolute and relative valuations, despite huge opportunities for growth.
Going Long The World's Third-Largest Aircraft Manufacturer
Tue, Dec. 16, 8:30 AM
- Bombardier (OTCQX:BDRBF, OTC:BOMBF) has won a 10-year contract to maintain Trenitalia's fleet of high speed trains. The contract will be executed in association with Bombardier’s consortium partner AnsaldoBreda, an Italian rail transport engineering firm.
- Bombardier’s share of the contract is valued at approximately €154M ($191M).
Tue, Nov. 18, 7:48 AM| Comment!
Wed, Nov. 12, 10:25 AM
- Bombardier ((OTCQX:BDRBF +0.1%), (OTC:BOMBF)) is considering designing and building passenger jets in China as an extension of a two-year-old development and sales deal with the country's main state-owned planemaker, Commercial Aircraft Corp of China.
- "We are thinking long-term in China," says Mike Arcamone, president of Bombardier's commercial aircraft division. "One day we might decide to do a project together, a joint venture...Right now, we are only talking about collaboration."
- Bombardier is currently working with COMAC to develop common systems for both its own 150-seat CSeries plane and the Chinese firm's C919 narrow-bodied jet.
Tue, Nov. 11, 9:46 AM
- China’s SPDB Financial Leasing has signed a memorandum of understanding with Bombardier to provide advance payment financing, delivery financing and leasing solutions to Bombardier ((OTCQX:BDRBF +0.2%), (OTC:BOMBF)) customers acquiring Q-Series, CRJ Series and CSeries commercial aircraft, as well as Learjet, Challenger and Global business aircraft.
- The breadth of capital available from SPDB Financial Leasing for Bombardier customers is up to $500M.
Mon, Nov. 10, 7:06 AM| Comment!
Thu, Nov. 6, 6:40 AM
- United Airlines (NYSE:UAL) is in talks with Embraer (NYSE:ERJ) and Bombardier (OTCQX:BDRBF, OTC:BOMBF) to buy new narrow-body planes as part of an effort to reduce reliance on unprofitable regional jets, Bloomberg reports.
- The discussions center around the largest models in Embraer's updated E-Jets family and Bombardier's smallest CSeries.
- An Embraer or Bombardier purchase would be a departure for United, whose pilots only fly Boeing and Airbus aircraft on its main jet routes.
Fri, Oct. 31, 3:10 AM
- Bombardier (OTCQX:BDRBF, OTC:BOMBF) has put plans for a new assembly line in Russia on hold, amid economic and political tensions between the West and Moscow over military actions in Ukraine.
- "We are setting the project aside for the time being and we will see what happens over the next few months and then decide if we go ahead," says CEO Pierre Beaudoin.
- Bombardier, Rostec and Ilyushin Finance signed a series of letters of intent in August 2013 for as many as 100 Q400 NextGen turboprop aircraft contingent on the establishment of a final assembly line in the country.
Thu, Oct. 30, 7:45 AM
- Adjusted net income of $222M, or $0.12 per share vs. $165M, or $0.09 for the same period last fiscal year.
- Revenue by segment: Aerospace +29%; Transportation +12%.
- A total of 71 aircraft were delivered during the quarter vs. 45 for the same period last fiscal year. The company received 76 net orders vs. 26 for the same period last fiscal year.
- Backlog of $72.4B as at September 30, 2014 vs. $69.7B as at December 31, 2013
Thu, Oct. 23, 10:35 AM
Mon, Oct. 20, 10:46 AM
- Bombardier ((OTCQX:BDRBF -0.2%), (OTC:BOMBF)) has expanded its Challenger family of business jets with the addition of the new Challenger 650 aircraft.
- "The Challenger 650 jet enhances our leading business aircraft portfolio, the largest within the industry and will establish new standards in its segment," says Bombardier Business Aircraft President Eric Martel.
- The Challenger 650 aircraft’s enhanced GE engines offer greater thrust, shorter take-off distance, extra payload capacity and the widest-in-class cabin that has been completely redesigned.
Mon, Oct. 20, 7:54 AM
- Continuing the race to break the hold of Embraer (NYSE:ERJ) and Bombardier (OTCQX:BDRBF, OTC:BOMBF) on the market for small passenger jets, Mitsubishi Heavy Industries' (OTCPK:MHVYF) subsidiary, Mitsubishi Aircraft, unveiled Japan's first regional jet in a hanger at Nagoya airport.
- Mitsubishi is building 78- and 92-seat versions of the plane, developed at a cost it estimates at ¥180B yen ($1.7B), and aims to conduct the first flight of the jet by June.
- The company already has an order book, including options, for 407 jets.
Fri, Sep. 26, 10:51 AM
- Bombardier (OTCQX:BDRBF +4.4%) says it received a firm order for 40 of its new CSeries jets, with options on another 10, from leasing company Macquarie AirFinance, bringing the plane maker’s total firm orders for the new aircraft to 243.
- The CSeries program has suffered repeated delays and ballooning costs; Bombardier resumed CSeries test flights on Sept. 7 after an on-ground engine fire halted them in May.
Wed, Sep. 24, 7:36 AM
- Bombardier (OTCQX:BDRBF, OTC:BOMBF) is in advanced discussions with an undisclosed airline to be the first operator of its new CSeries.
- The CSeries returned to flight testing on Sept. 7, following a 100-day grounding after one of the two Pratt & Whitney engines on its lead test aircraft suffered a major failure in May.
- So far, Bombardier has won 203 firm orders for the two models of the CSeries. The company plans to deliver the first new jet in the second half of 2015.
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).
Mon, Sep. 8, 7:35 AM| Comment!
Fri, Sep. 5, 7:34 AM
- Bombardier's (OTCQX:BDRBF, OTC:BOMBF) CSeries, which is already 18-24 months behind schedule, will likely resume test flights in the coming days, Reuters reports.
- The troubled multi-billion dollar CSeries program got delayed this summer, following the grounding of the entire fleet after an engine failure in late May.
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