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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 Transat500on Jan 21, 2020 6:39am
164 Views
Post# 30576660

A good news to start the day

A good news to start the day

Bombardier’s joint venture to provide maintenance service for 656 high-speed train cars in China

January 20, 2020 Berlin Transportation,  Press Release

  • This new maintenance service contract further illustrates BST’s full capacity to deliver integrated solutions to China’s railway industry
  • The maintenance service contract for 560 cars awarded by CHINA RAILWAY in 2019 has been delivered to high quality

Global mobility solution provider Bombardier Transportation announced today that its Chinese joint venture, Bombardier Sifang (Qingdao) Transportation Ltd. (BST), has been awarded a contract with China State Railway Group Co., Ltd. (CHINA RAILWAY) to provide maintenance service for 656 high-speed train cars (71 trains), which BST manufactured for China’s evolving high-speed rail network. The total contract is valued at approximately 2.45 Billion CNY ($357 million US, 321 million euro). Bombardier Transportation owns 50 per cent of BST shares, which is consolidated by Bombardier Transportation’s partner CRRC Sifang Rolling Stock Co., Ltd.

Jianwei Zhang, President, Bombardier Transportation China, said, “We are very honoured to be awarded this maintenance service contract at the beginning of this year. Our team’s skills and experience across the portfolio will ensure we deliver a high-quality maintenance service. In China, we bring together integrated designing, manufacturing and maintenance service expertise to support our customers’ strategic goals, and we look forward to contributing further to the development of China’s railway industry.”

BST won this contract to provide maintenance service for 656 cars, which includes CRH1A-A, CRH1A, CRH1B, CRH1E and CRH380D, in total 71 trains, for different levels of maintenance. All the maintenance will be completed by the end of 2020. In February last year, BST was awarded a maintenance contract for 560 cars and has successfully delivered the service. The award of this new maintenance contract further illustrates both customer’s trust in BST and BST’s full capacity to deliver integrated solutions to our customers’ specific needs in the high-speed train sector.

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