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| November 15, 2018

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Bombardier Archives -

CNN

Bombardier cutting 5,000 jobs

November 8, 2018 |

Canadian aircraft maker Bombardier announced plans to cut 5,000 jobs as part of an effort to streamline operations and reduce costs.
CNN.com – RSS Channel – World

Airbus notches win over rival Boeing with Bombardier deal

October 18, 2017 |

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…


L.A. Times – Business

Trudeau, May Press Boeing in Dispute With Bombardier

September 19, 2017 |

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

U.K.’s May Drawn Into Spat Between Boeing and Bombardier

September 17, 2017 |

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 sees 2017 catch-up in jet deliveries, lifting export lag

November 29, 2016 |

A Bombardier logo is pictured on the company booth during the European Business Aviation Convention & Exhibition (EBACE) at Cointrin airport in GenevaBombardier 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.



Economy News Headlines – Yahoo! News

Rumors Bombardier trains division for sale refuted

April 11, 2015 |

A Bombardier high speed train on display at a transportation technology fair in Berlin on September 22, 2010A 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.



Economy News Headlines – Yahoo! News

Bombardier Completes First Flight of Key Jet

February 28, 2015 |

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