Bombardier Commercial Aircraft announced that it has delivered the first of three Q400 turboprops ordered by Irish leasing company Elix Aviation Capital Limited (“Elix”). The aircraft, which was delivered in a 78-seat configuration, is scheduled to enter service with Hawaii Island Air, Inc. (“Island Air”) in early 2017. Island Air is Hawaii’s alternative regional...
The Bombardier Global 7000 business jet will shortly launch the world’s largest private jet and we take a look inside. Highlights of this uber luxury jet include extra-large windows—nearly twice as big as those in other Global jets; a formal dining area that seats six; a master suite with a full-size shower; a full galley; a video theatre; and real wood parquet floors. At 60-foot th...
Targets EBIT growth before special items(1) of approximately 50%, to $530 million - $630 million Anticipates year-over-year free cash flow usage(1) improvement by approximately $400 million, to $750 million - $1.0 billion Expects low single digit revenue growth Affirms revised 2016 guidance and 2018-2020 financial objectives All amounts in this press release...
Order confirms airline as launch customer of two-class, 86-seat Q400 aircraft Bombardier Commercial Aircraft announced that it has finalized a firm purchase agreement with Philippine Airlines, Inc., flag carrier of the Philippines, consistent with the Letter of Intent announced on October 14, 2016. The purchase agreement includes a firm order for five Q400 aircraft and purchas...
Dnata has purchased a 50% stake in GTA Aviation's cargo and ground handling operation at Toronto Pearson International Airport. This investment marks dnata’s first step into the Canadian market and is a significant development in the company’s expansion into the Americas, less than a year after announcing investments in the US and Brazil. GTA, which was launched in 2014 by Ma...
Bombardier Commercial Aircraft announced the delivery of the first CS300 aircraft to launch operator Air Baltic Corporation AS (airBaltic), the flag carrier of Latvia. The CS300 is the larger variant of Bombardier’s all new C Series aircraft, which is designed to carry between 130 and 150 passengers. The handover to airBaltic comes just five months after the successful entry into service of...
Bombardier Commercial Aircraft announced that Transport Canada and the European Aviation Safety Agency (EASA) have awarded the CS100 and CS300 airliners with the Same Type Rating (STR) which provides operators with significant cost-saving opportunities. “The Same Type Rating is a reflection of the high commonality between the CS100 and CS300 aircraft. This is great news for cu...
Bombardier Inc. announced that it has successfully closed its offering of US$1.4 billion aggregate principal amount of new Senior Notes due December 1, 2021 which carry a coupon of 8.750% per annum and were sold at 99.001% of par (the “Notes”). Bombardier intends to use the net proceeds of this offering of Notes, together with cash on hand, to finance the redemption of all of i...
One of the bidders for the Royal Canadian Air Force’s fixed-wing search and rescue (FWSAR) replacement aircraft could receive an early Christmas present. Judy Foote, Minister of Public Services and Procurement, told the Canadian Aerospace Summit on Wednesday that the government is “in the process of evaluating the bids and will be awarding the contract soon.” &ldq...
Bombardier reported its third quarter 2016 results and highlighted solid performance executing its turnaround plan. “We continue to gain momentum as we execute our turnaround plan and transform our company,” said Alain Bellemare, President and Chief Executive Officer, Bombardier Inc. “In the third quarter, we again delivered on our financial commitments, we achieved our progra...
An improved satellite communications system that can detect early warning signs and monitor aircraft in real-time will get off the ground sooner because of the Government of Canada’s investment of $2.35 million. Darshan Kang, Member of Parliament for Calgary Skyview, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsibl...
Bombardier Business Aircraft announced that its segment-defining Global 7000 aircraft program completed the successful maiden flight of its first flight test vehicle (FTV1). This first flight marks the start of a flight test program for the newest member of Bombardier’s flagship Global aircraft family, which is scheduled to enter into service in the second half of 2018....
