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

Industrials Aerospace & Defense

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.

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Bombardier Inc.

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Post by zimmeeon Jul 12, 2018 10:05am

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Post# 28305371

Does Financial Post gossip or something else on Bombardier?

Post/CP say Airbus link downplayed in Bombardier sale

2018-07-12 09:37 ET - In the News

The Financial Post reports in its Thursday edition that Bombardier shares hit a nearly seven-year high Wednesday after the C Series jet it developed secured the largest order since the announcement of a joint venture with Airbus. A Canadian Press dispatch to the Post says that JetBlue Airways ordered 60 of the aircraft, renamed by Airbus as the A220-300, for delivery starting in 2020 with the option for another 60 starting in 2025. The firm deal announced late Tuesday was valued at $5.4-billion (U.S.) at list prices, but airlines typically receive large discounts. The airline said the plane's economics was the primary motivation rather than Airbus taking majority control over the aircraft's joint venture which happened after JetBlue launched its 15-month review. "The marriage between Bombardier and Airbus was a secondary factor," chief financial officer Stephen Priest said in a conference call. "But the good news about that when it came to fruition was it allowed us to reshape our Airbus orderbook to make sure that we continue to maintain our mid- to high single-digit capacity growth over the foreseeable future." JetBlue will become the first American airline to fly the larger A220-300 with 130 to 140 seats.

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