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

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 retiredcfon Sep 27, 2024 9:05am

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Post# 36243783

RBC

September 26, 2024

Bombardier Inc.
Explores services partnership with Adani Group in India

TSX: BBD.B | CAD 97.34 | Outperform | Price Target CAD 133.00

Sentiment: Positive

Our view. We view the news of a potential aircraft services partnership with the Adani Group, a prominent infrastructure conglomerate in India, as a key positive for services expansion at Bombardier. Key is that India represents a high growth market, where Bombardier maintains a leading market share position in business jets. Expanding the services footprint in the region would allow the company to capture more of its aftermarket revenue and support growth longer term, aiding it in reaching 70% share of its aftermarket (currently ~50%) by 2030.

What happened? On Tuesday, Adani Group chairman Gautam Adani met Bombardier CEO Eric Martel and discussed partnership in aircraft services and the defence sector. Based on a post by Adani on social media, and picked up by media sites including the Economic Times, the dialogue focused on Aircraft Services, MRO, and the Defence sector. Adani Group has been actively expanding its presence in India’s defence and aviation sectors. Bombardier has not commented on the post.