Bombardier Inc. T.BBD.A

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

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. > French company Alstom confirms legal claim against Bombardie

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Comment by bicenteon Apr 26, 2022 8:10am

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Post# 34631350

RE:RE:French company Alstom confirms legal claim against Bombardie

but but but some people don't think so ;) ... GLTA

quote=Bullvsbear99]The fact that Alstom is going through arbitration to delay this by several years does indicate that they think they might have to pay eventually. Otherwise this would have been settled by now. Its okay Bombardier will wait it out and then collect the money plus interest.

Shamhorish wrote:

PARIS (Reuters) - French transport infrastructure company Alstom confirmed on Tuesday that it had filed a request for arbitration before the International Chamber of Commerce regarding its earlier purchase of Bombardier Transportation.

"The claim is against Bombardier Inc. and relates to the breach of certain contractual provisions of the sale and purchase agreement dated September 16, 2020," said Alstom in a statement.

Bombardier had earlier said it would defend itself against Alstom's legal action.

FILE PHOTO: A logo of Alstom is seen at the Alstom's plant in Semeac near Tarbes

Tue, April 26, 2022, 3:27 AM

In this article:

ALSMY

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PARIS (Reuters) - French transport infrastructure company Alstom confirmed on Tuesday that it had filed a request for arbitration before the International Chamber of Commerce regarding its earlier purchase of Bombardier Transportation.

"The claim is against Bombardier Inc. and relates to the breach of certain contractual provisions of the sale and purchase agreement dated September 16, 2020," said Alstom in a statement.

Bombardier had earlier said it would defend itself against Alstom's legal action.

(Reporting by Sudip Kar-Gupta, Editing by Louise Heavens)