Bombardier Archives -
Airbus scored a point in its high-stakes rivalry with Boeing by striking a deal just across the U.S. border.
The European plane maker reached an unusual, no-cost deal with Canada’s Bombardier that sent Airbus shares up Tuesday, boosts both companies’ prospects in Asia and should save thousands…
The Canadian and U.K. prime ministers want the U.S. aircraft maker to end its pursuit of a trade complaint against the Montreal-based company.
WSJ.com: What’s News Europe
When British Prime Minister Theresa May meets on Monday in Ottawa with her Canadian counterpart, Justin Trudeau, the leaders are expected to discuss ways to counter Boeing’s claim that Bombardier is selling its new CSeries jet too cheaply in the U.S.
WSJ.com: US Business
Bombardier said in September that it would ship seven CSeries planes in 2016 rather than the 15 it had expected due to engine delivery delays by supplier Pratt & Whitney, a unit of United Technologies Corp. That was part of the reason Export Development Canada (EDC) in October cut this year's forecast for export growth in the aerospace sector in half. The aerospace sector is now expected to see 6 percent growth, sharply lower than the 13 percent growth EDC had forecast in the spring, due to a combination of a weaker global economic outlook and the change in Bombardier's plans, said Ross Prusakowski, senior economist at EDC. On Monday, Bombardier Commercial Aircraft President Fred Cromer said he expects to meet CSeries delivery projections for 2017 and possibly play catch-up on 2016.
Bombardier Said Close to Signing Delta in Largest C Series Order
Bombardier Inc. is nearing an agreement to sell as many as 75 C Series jetliners to Delta Air Lines Inc., a person familiar with the talks said, a deal that would be the largest to date for its struggling aircraft program. Delta is also seeking options …
Strong demand for Delta flights bodes well for US rivals
Three top airlines changed the pricing of multi-city tickets. Here's how to avoid paying more.
Delta Air Lines' 1Q Profit Up 27 Percent On Low Fuel Costs
A Quebec government official on Friday quashed speculation that Canadian manufacturer Bombardier is preparing to sell off its lucrative trains division. Jacques Daoust, economic minister for the Canadian province of Quebec, where the company is based, said he had spoken with Bombardier chief executive Pierre Beaudoin and was assured the trains unit was not for sale. "I received the confirmation this morning that the Transportation division is not for sale," Daoust said in a statement. The earlier speculation had pushed up Bombardier's share price, as investors reacted to unconfirmed reports that Bombardier was in talks with banks about the possible sale of part or all of its transportation division, which builds commuter and regional trains.
Canadian jet maker Bombardier completed the first flight of a jet that it hopes will anchor its future as a commercial aircraft manufacturer and raised new cash to help carry out its programs.
WSJ.com: US Business