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 | 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 smush74on Jun 01, 2016 3:44pm
169 Views
Post# 24924430

Bombardier confident of other big C Series deals after Delta

Bombardier confident of other big C Series deals after Delta

Bombardier Inc. believes it has turned the corner with its troubled C Series jet program as it prepares to enter service and is confident of posting other wins such as a recent major order from Delta Air Lines, its chief executive says.

Interviewed at a meeting of global airlines in Dublin, Alain Bellemare declined to say when the Canadian company might replicate a sale such as Delta’s pivotal order for 75 jets, but said he was confident it would be embraced by all types of airlines, including low-cost carriers.

Bellemare said talks over a $1-billion cash injection from the Canadian government were “ongoing and progressing”, and that he hoped for a deal soon.

But when asked how far it was willing to go in accepting conditions such as constraints on its choice of suppliers, he said Bombardier would need to maintain “operational flexibility” as part of any deal.

A federal aid package, combined with a $1-billion planned investment by the government of Quebec in the C Series, would not lead to the plane program being nationalized, or become a government-controlled entity as some critics have suggested, he said. Bellemare stressed the C Series will be run by Bombardier.

“The financial structure around the aircraft doesn’t change the fact that this product is a Bombardier product,” he said.

Asked whether Bombardier would consider expanding its two 110– to 130-seat C Series models to compete with larger Airbus and Boeing jets, the head of its commercial airplanes unit, Fred Cromer, said, “At this point it is all on the CS100 and CS300”.

https://www.theglobeandmail.com/report-on-business/bombardier-confident-of-other-big-c-series-deals-after-delta/article30230355/

Bullboard Posts