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Bombardier Inc. T.BBD.A

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

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 Qh1234on Apr 07, 2016 12:12pm
160 Views
Post# 24741206

UPDATE 1-Delta in talks to acquire dozens of small narrowbod

UPDATE 1-Delta in talks to acquire dozens of small narrowbod

PARIS/MONTREAL, April 7 Delta Air Lines is in talks with planemakers that could lead to the acquisition of dozens of small narrowbody jets, industry sources said.

The Atlanta-based airline has said it needs to phase out as many as 120 older aircraft as it trades up from regional to larger mainline jets with 100 or more seats.

Industry sources said Canada's Bombardier is pushing particularly hard for a deal for its struggling new CSeries aircraft after losing out to Boeing at United Airlines earlier this year.

A U.S.-based Delta employee who spoke on condition of anonymity said Bombardier executives were in Atlanta this week.

He could not say whether Delta would buy the CSeries because the "negotiations are ongoing".

It was not immediately clear how widespread the talks were at this stage, nor whether the airline had yet decided on the shape or size of a potential order, which some industry sources estimated could involve as many as 50 to 100 aircraft.

"Delta has been evaluating new and used aircraft acquisition opportunities in the roughly 100-seat gauge as we've continued to replace our 50-seat regional fleet with larger, more customer friendly mainline aircraft," an airline spokesman said.

Last month Delta CEO-elect Ed Bastian told a JPMorgan investor conference that it would need more small narrowbody planes in the same category as the 110-130-seat CSeries.

"We have 120 MD-80s that need to be retired over the next five years. So ... there's still a considerable need there."

Such a deal could be attractive for Bombardier, Embraer of Brazil, as well as the smaller types of Airbus or Boeing jetliners. None of the planemakers agreed to comment. (Reporting by Allison Lampert, Tim Hepher, Jeffrey Dastin, Alwyn Scott; Editing by Greg Mahlich)


https://www.reuters.com/article/delta-aircraft-idUSL5N17A4BF
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