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Bombardier Inc. T.BBD.A

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

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 gobomberon Apr 11, 2018 10:59am
101 Views
Post# 27866216

Bombardier delivered five CSeries in first quarter as delays

Bombardier delivered five CSeries in first quarter as delays

By Allison Lampert and Victoria Bryan

MONTREAL/BERLIN (Reuters) - Canadian planemaker Bombardier delivered five CSeries jets in the first quarter and is making progress in tackling delays separate from previously disclosed engine hold-ups in producing its flagship CSeries jets, sources familiar with the matter told Reuters.

The delivery data and comments from executives on progress come as Bombardier nears regulatory approval for its planned sale of the delayed CSeries program to Europe's Airbus .

But the Montreal-based company could still face snags in coming months after delivering 17 CSeries in 2017, down from an initial target of 30 - a delay the plane-and-train maker has previously attributed to delays at engine supplier Pratt & Whitney.

Bombardier has not publicly discussed separate delays stemming from general challenges as workers learn to make the 110-to-130 seat jet more efficiently.

These include "quality issues" at French interiors and seat maker Zodiac Aerospace, three sources familiar with the matter said, echoing similar problems affecting other planemakers.

It is not clear when Bombardier experienced these delays, but it delivered four planes in March, up from one during the first two months of the first quarter, one of the sources said. Another said there had been no new Zodiac delays.

All of the sources spoke on condition of anonymity because of commercial sensitivities.

"It is well known across the industry that Zodiac is currently experiencing some production delays," Rob Dewar, vice president of Bombardier's CSeries program, told Reuters in a statement.

"We are collaborating closely with their team, and we are making great progress, as reflected in our production rate of four aircraft last month," he added.

Zodiac, recently acquired by France's Safran , the world's third-largest aerospace supplier, is emerging from a three-year manufacturing crisis that drew criticism from planemakers Airbus and Boeing .

"We are very happy with the CSeries that are already flying with Swiss," Carsten Spohr, chief executive of Germany's Lufthansa Group , the parent company of CSeries launch customer Swiss International Air Lines. "What we are not so happy about are the continuing delays to deliveries. The reason is not the engines but other difficulties at Bombardier," Spohr told Reuters.

He declined to specify the reasons.

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