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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

Post by Greendayon Mar 08, 2022 5:24pm
290 Views
Post# 34497278

BBD Found No Evidence

BBD Found No Evidence

MONTREAL, March 8 (Reuters) - Canadian business jet maker Bombardier said on Tuesday it found no evidence of wrongdoing based on information currently known by the company, after Norway's sovereign wealth fund put it on a watch list for possible exclusion from investment due to ethical concerns.

Norges Bank, which manages the fund, said in a statement on Monday it placed the Canadian company on the list due to "the unacceptable risk that it contributes to or is responsible for gross corruption."

The fund has a 1.2% stake in the Canadian company, according to Refinitiv data.

Bombardier shares jumped nearly 15% on Tuesday, after falling 16% on Monday.

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