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Bombardier Inc. T.BBD.A

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

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 Aug 24, 2010 9:35am
628 Views
Post# 17377378

Q400 Problems

Q400 Problems

Bombardier announced it is going to check Q400 landing gear systems for cracks.

While that certainly isn't good news it has to bee viewed in the context of the fact that the Q400 isn't a new airplane. It has been around awhile and it gets heavy use by many of its owners.

It should also be kept in mind that Bombardier does not manufacture these landing gear systems itself. It buys them - as most airframe manufacturers do - from companies that specialize in building them. Goodrich is the company which builds the landing gear system for many Bombardier aircraft. It also builds the landing gear system for many of the top airframe manufacturers.

So, any problems with the landing gear system may not be any more reflective of Bombardier than they are of any other manufacturer - including the big names like Boeing, and Airbus.

And yet those who want to over react to such news developments are going to over react. And it's probably no big surprise to anyone that many people - investors included - are prone to making snap judgements on the basis of too little information.

So, we're seeing some weakness in the share price as a result.

...and what else is new?

Yawn...

Here's the piece from today's G&M. I'm leaving in some of the comments just to illustrate the fact that this board isn't the only place you can find some poorly thought out comment:

Bombardier to inspect Q400 aircraft

Bombardier Q400 Aircraft.

74 per cent of planes being inspected after cracks found by one carrier

Montreal The Canadian Press

Bombardier Inc. (BBD.B-T4.46-0.10-2.19%) says some of its Q400 planes need to be inspected as a precautionary measure after one airline found cracks near the turboprop aircraft's landing gear.

Bombardier said Monday that 74 per cent - 222 of the 300 planes in operation - needed to be inspected after one airline found cracks in the rear spar nacelle. The aircraft's main landing gear is attached to the nacelle, which is the cover that houses the engine.

“This part that is being inspected has nothing to do with the extension or retraction of the main landing gear system,” spokesman John Arnone said in an interview.

He said about 60 per cent of the aircraft have been inspected since Bombardier first issued a service bulletin in April, followed by another in July. The Q400 entered service in 2000.

“This is a precautionary and prudent measure undertaken by Bombardier and its customers,” Mr. Arnone said.

Australia's Qantas Airways grounded five of the 21 Q400s operated by regional airline QantasLink after low-cost British carrier Flybe raised concerns about the fittings on its fleet of Q400s.

Qantas told local media that it would take three to four weeks for the work to be completed on the five planes, which are its oldest Bombardiers.

It said two teams of engineers from Bombardier would come from Europe to repair any cracking.

Mr. Arnone said he's not aware of other airlines removing their planes from service while the company conducts inspections.

He said the aircraft remain safe and the potential problem is unrelated to incidents in 2007 that resulted in emergency landings in Denmark and Lithuania.

The emergency landings by Scandinavian Airlines planes were subsequently found to be caused by the corrosion of a bolt that prevented the landing gear from locking. Mr. Arnone said the bolts and the nacelles are made by two different manufacturers.

The airline removed its fleet of Q400s from service following the second crash in October, 2007.

Toronto-based Porter Airlines said its fleet of almost two dozen Q400 aircraft has been given a clean bill of health after it conducted precautionary inspections.

“All of our aircraft now have been inspected and are considered safe to operate,” chief executive officer Robert Deluce said in an interview.

“We have not found any issues that were highlighted in the inspection itself and our fleet seems to not be affected in any way.”

As one of the largest operators of the Q400s, Porter has a lot at stake with any concerns about the safety of the aircraft. Mr. Deluce said he has full confidence in the plane and hopes to add 10 more of the aircraft to the 20 it now operates over the coming years.

“It's an airplane that we consider to be highly reliable and certainly has done a very good job for Porter,” he said, noting that everyone is being very proactive to address inspections.

Mr. Deluce called the SAS issue a “red herring” since the problems were confined largely to its fleet and caused mainly by that airline's maintenance issues than any systematic problems with the plane.

He noted that SAS turned around and purchased newer Next Generation versions of the same aircraft after grounding its fleet.

Meanwhile, U.S.-based Frontier Airlines said it will retain three Q400 turboprops to service flights in Colorado, including to Aspen. The subsidiary of Republic Airways Holdings Inc. had planned remove the fleet but a separate lease arrangement apparently fell through.

8/24/2010 7:32:04 AM
I THOUGHT THE SAS INCIDENTS WERE CAUSED BY AN INCORRECTLY INSTALLED SEAL WITHIN THE LANDING GEAR STRUT. THE MAINTENANCE WORK WAS DONE BY SAS' OWN PEOPLE.
I ALSO AGREE THAT THE STOCK IS NOT WORTH THE ELECTRONS THAT CARRY IT.
IT SEEMS TO BE A COMPANY RUN BY ENGINEERS WHO PUT ALL THE REVENUE INTO INOVATION AND NONE BACK TO THE SHAREHOLDERS.
8/24/2010 3:31:49 AM
The Q 400 is an excellent aircraft and follows in the long line of de Havilland products. In fact all of the Bombardier aircraft are excellent products. The CRJ-200 and variants up to the 700 was a Canadair design and is used extensively by regional carriers. The "C" Series will be the first entry by Bombardier of a non regional airliner. It wouldn't hurt to bring in a new CEO from the aerospace world to run this company
8/23/2010 5:15:01 PM
mhukari, you're wrong. The Beaudions are going places but at your expense. Look at the total compensation they've drawn from the shareholders over the years and the future liabilities accrued for their gold plated pensions. Don't forget this dog also has a dual class share structure much Frank Stronach's Magna.
8/23/2010 3:14:56 PM
In all the 'ubris, let us not forget that Bombardier is a delicate balancing act between de business and de politics and de exports. And so it has been for years.
8/23/2010 2:49:54 PM
Moderator's Note: TheDudeMan's comment was not consistent with our guidelines and has been removed.
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