Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BDRPF | BDRXF | BDRAF | BDRBF | T.BBD.B | T.BBD.PR.B | BOMBF | T.BBD.PR.C | T.BBD.PR.D

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Bullboard Posts
Post by jammerhon Apr 11, 2012 4:34pm
407 Views
Post# 19782529

"China market big enough for both of us" Hachey

"China market big enough for both of us" Hachey
Bombardier Aerospace vows cooperative pact with COMAC

By Yang Jian | 2012-4-10 | ONLINE EDITION

MONTREAL-BASED Bombardier Aerospace said its new partnership with Commercial Aircraft Corp of China to provide parts for the development of China's first domestically manufactured jumbo jets will be cooperative, not competitive.

Guy Hachey, president and chief operating officer of Bombardier, the world's largest maker of business jets, said in Shanghai today that the market in China is big enough for both countries to tap.

The two companies signed an agreement late last month for Bombardier to collaborate with Comac on cockpit-crew interface, electrical systems, material purchasing and customer services in the development of China's C919 jumbo jet.

Bombadier's Cseries of jets, still under development, have similar characteristics with the C919, which is expected to make its maiden flight in 2014.

China's domestically manufactured ARJ21 regional jets will compete with Bombardier's CRJseries jets, which have already been sold to Chinese airlines. China is still in the testing phase for the ARJ21s.

"The demand for regional jets in China is big enough for more than one competitor," Hachey said at opening ceremonies for the company's new office in Shanghai.

Hachey said he expects demand for aircraft with seating capacity of between 60 and 149 to grow to about 2,400 in the next 20 years, making China the world's second-largest market following the United States.

The 90-seat ARJ21 regional jet is undergoing final tests for flight certification after being approved by the Civil Aviation Administration of China, the country's civil aviation regulator.

Comac, a major company in its field in China, said it has received more than 200 orders for the ARJ21, mainly from Chinese state-controlled companies.

Meanwhile, the Canadian company has more than 30 regional jets operating on routes on the mainland and to Hong Kong and Macau. Its customers include China Eastern Airlines, China Express Air, Shandong Airlines and Shanghai Airlines.

Bombardier's planned CSeries aircraft will have the same cockpit as the C919, helping the Chinese plane maker pare research costs in a bid to challenge the domination of Boeing Co. and Airbus SAS in jet sales.

"We will find more areas to collaborate, but first we will focus on the four areas in the agreement in the next year," Hachey said.

Bullboard Posts