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.B


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

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

Comment by BestGoldiggeron Jul 13, 2024 9:27am
187 Views
Post# 36131458

RE:BBD showing ‘strong interest’ in deal for Spirit Belfast

RE:BBD showing ‘strong interest’ in deal for Spirit Belfast

A source said: “Bombardier is strongly interested in purchasing the remaining part of Spirit AeroSystems in Belfast, excluding the wing production of the A220 units.”

Sources said Bombardier’s involvement is at the “interest phase”, rather than in active negotiations. Any discussions will be with Spirit, in a side deal, before Spirit is sold to Boeing.

Any deal between Spirit and Bombardier is expected to be complex, and no values are yet attached

A spokesperson for Spirit AeroSystems in Belfast said: “Spirit and Airbus continue to negotiate in good faith for Airbus to acquire our A220 programmes in Belfast. We are evaluating options for our other Belfast operations.

“Meanwhile, we continue to operate business as usual across our sites and remain focused on providing the best-quality products to all our customers.”
 

Asked for comment, Bombardier said M&A conversations were covered by strict non-disclosure agreements, “whether the conversations are actively happening or not”.

Stephen Kelly of industry body Manufacturing NI said: “The Spirit business would be an incredible asset for any aerospace primary or top-tier supplier.

“It has a unique engineering capability, an expertise in lightweight structures and a fully tooled manufacturing footprint which would be hard, and costly, to try to replicate anywhere else.”

The deal would solve a headache for Airbus, which would not wish to be operating in Belfast in a larger site owned by arch-rival Boeing.

In April, Spirit UK chairman Michael Ryan wrote to unions and political leaders saying a break-up of the site would be “extremely detrimental” to Northern Ireland’s economy.

Get ahead of the day with the morning headlines at 7.30am and Fionnn Sheahan's exclusive take on the day's news every afternoon, with our free daily newsletter.

<< Previous
Bullboard Posts
Next >>