Bombardier braces for turbulence Oct 3, 2008
That in turn will have an impact on the market's views about the biggest players in the industry, including the leading manufacturer by revenue, Montreal's Bombardier Inc., which derived 29 per cent of its $4. 9-billion (U.S.) in second quarter revenue and much of its profit momentum in recent years from its sales of Global, Challenger and Learjet planes. (Globe and Mail -- Business)
Domtar names CEO Oct 3, 2008
Royer, 69, a former president of Bombardier Inc., took the helm at Domtar 12 years ago and reshaped it through several industry crises, severing its longstanding reliance on indirect provincial support. Font. (The Gazette (Montreal))
Business-Jet Firm To Launch in Europe Sep 24, 2008
The company, which will be based in Lisbon, said that it signed a deal in June with Canada's Bombardier Inc. for 110 Learjet 60 XR aircraft, in what. Share. (Wall Street Journal)
All Nippon Bombardier Plane Diverted Due to Glitch in Landing Gear Door Sep 20, 2008
Sept. 19 (Bloomberg) -- An flown Bombardier Inc. plane was diverted to Fukuoka airport from Osaka in western Japan after a warning light signaled a landing gear door wasn't fully shut. The DHC-Q400, carrying 37 passengers and crew, landed safely, Tokyo-based spokeswoman said by telephone. (Bloomberg -- Canada)
OSC imposes temporary short-selling ban Sep 20, 2008
The perennial leaders include such companies as Nortel Networks Corp., Rogers Communications Inc., Research in Motion Ltd. and Bombardier Inc.. However, I-Shares Canadian S&P/TSX 60 Index Fund took over the top spot with the largest short position as of Sept. 15, up from sixth largest at Aug. 31. (Globe and Mail -- Business)
Bombardier ends Learjet partnership with Grob Sep 19, 2008
Bombardier Inc. has decided to build the Learjet 85 business jet alone, after severing its partnership this week with struggling composite specialist Grob Aerospace AG. Europe's Grob filed for insolvency in August after key lenders withdrew their support. At the time, Bombardier said Grob's financial woes wouldn't affect production of the eight-seater, all-composite business jet, which is to scheduled for delivery by 2013. (The Gazette (Montreal))
Northwest to buy Bombardier planes for $386 million Sep 14, 2008
the fourth- largest U.S. carrier, exercised options to buy 15 Bombardier Inc., aircraft for $386 million. Deliveries of the 50-seat CRJ 200 planes are scheduled to start in September, according to Northwest, which based in St. Paul, Minn. (Memphis Business Journal, TN)
BRP's plan to go public stalls Sep 11, 2008
After being spun off by Bombardier Inc. in 2003, the goal was to take BRP public within a five-year time span, but the slowdown has put that idea on hold, says president and chief executive officer Jos. Boisjoli. (Globe and Mail -- Business)
Canadian Stocks Post Weekly Drop, as RIM, Royal Bank Fall; Potash Rallies Sep 6, 2008
Suncor Energy Inc. and Bombardier Inc. led the drop. rose today after Morgan Stanley & Co. said fertilizer stocks fell too far. (Bloomberg -- Canada)
Bombardier readies for 'credible' competition Sep 5, 2008
MONTREAL Bombardier Inc., credited with creating the market for regional jets in the 1990s, is heading into uncharted skies as it faces unprecedented competition from a bevy of new competitors, including one backed by Boeing Co.. Upstart rival Mitsubishi Heavy Industries Ltd. announced yesterday that it has struck a deal that will see Boeing provide it with support in marketing, development and customer service on its new regional jet program. (Globe and Mail)
Bombardier wins two European contracts Sep 5, 2008
BERLIN Bombardier Inc. won two new orders totalling $236 million (U.S.) one for railway equipment in Denmark and the other for turboprop airliners in Austria. The Berlin-based Bombardier Transportation division won a contract worth 82-million, or $118-million, from Danish State Railways for 10 three-car Contessa trains. (Globe and Mail -- Business)
Bombardier posts 2Q profit as revenue rises Sep 5, 2008
MONTREAL Shares of the airplane and train maker Bombardier Inc. fell nearly 7 percent Thursday as the company warned that orders for its business jets will slow in the coming months after contributing significantly to a profit turnaround in the second quarter. The world's third-largest maker of commercial aircraft earned $246 million, or 14 cents a share, in the quarter ended July 31 in contrast to a loss of $71 million, or 5 cents a share, a year earlier. (San Diego Union-Tribune -- Business)
Boeing to support Mitsubishi in jet business Sep 4, 2008
Mitsubishi Aircraft plans to launch 70- and 90-seat passenger jets in 2013, going head to head with Canada's Bombardier Inc. and Brazil's Embraer. Mitsubishi Aircraft, owned 68 per cent by Mitsubishi Heavy, aims to sell 1,000 jets in 20 to 30 years, grabbing one-fifth of expected new demand in a market forecast to roughly quintuple to more than 5,000 planes by 2026. (Globe and Mail -- Business)
Fuji Heavy Engineers May Help Design Mitsubishi Heavy's Regional Aircraft Sep 3, 2008
Toyota, Fuji Heavy's largest shareholder, is helping Mitsubishi Heavy, Japan's largest aerospace company, compete with planes from Bombardier Inc. of Canada and Brazil's Empresa Brasileira de Aeronautica SA.. Fuji Heavy's participation is probably an extension of Toyota's involvement,'' said Yuuki Sakurai, general manager of financial and investment planning in Tokyo at Fukoku Mutual Life Insurance Co., which oversees the equivalent of $54 billion in assets. (Bloomberg -- Japan)
Siemens, Bombardier to supply 121 double-deck cars Sep 2, 2008
Bombardier Transportation, the Berlin-headquartered railway equipment division of Montreal-based Bombardier Inc., employs 750 people in Switzerland. . (International Herald Tribune -- Arts)
Quebec court orders seizure of Bombardier planes for Iraq Aug 31, 2008
MONTREAL The Quebec Superior Court has granted Kuwait Airways a seizure order for several Bombardier Inc. planes ordered by Iraqi Airways. Justice Paul Chaput also granted an order last Wednesday seizing two properties in Quebec belonging to the government of Iraq. (Globe and Mail -- Business)
Bombardier wins Turkey train contract Aug 30, 2008
MONTREAL Bombardier Inc. says its rail division has won a contract to supply 30 Flexity Swift light rail vehicles to the Bursa Metropolitan Municipality in Turkey. The order is valued at approximately 94-million ($138 million U.S.) and includes the delivery of spare parts. (Globe and Mail -- Business)
Bank of Canada announces interest rate, Wednesday Aug 30, 2008
Bombardier Inc. reports. Second-quarter share profit of 11 cents (U.S.) is expected, up from 5 cents a year ago. (Globe and Mail -- Business)
Toronto's TTC says streetcar proposals could cost $1 billion Aug 30, 2008
The Toronto Transit Commission said yesterday it would cost $1 billion to adapt its network to accept the new low-floor streetcars offered by Bombardier Inc. under a request for proposals early this year. "Big changes would have to be made to the network. from tracks to tunnels, interchanges, tight turns and buildings, along with property acquisitions," said Brad Ross, the TTC's director of corporate communications. (The Gazette (Montreal))
Bombardier hit hard by lagging jet use Aug 28, 2008
MONTREAL Canadian aircraft manufacturer Bombardier Inc. was among the hardest hit as business jet activity slowed in July under the weight of a slower global economy, one industry analyst says. Total domestic and international business jet flight cycles fell by 11 per cent last month, pushing the total number of takeoffs and landings this year down 7 per cent, said a report by UBS analyst David Strauss. (Globe and Mail)
Stocks with room to grow, soar and chug along Aug 27, 2008
BOMBARDIER INC. (BBD.B). Business: Trains and planes. (Globe and Mail -- Business)
Spanair Pilots Did Not Have Concerns About Safety Issues, Union Chief Says Aug 23, 2008
SAS, whose Scandinavian Airlines unit grounded its fleet of Bombardier Inc. Q400 turboprops in October after three crash- landings in six weeks, rose 11 percent to 46 kronor in Stockholm trading. The stock declined 6. (Bloomberg -- Europe)
Market Minute Aug 20, 2008
Bombardier Inc. was down 24 cents, or 3. 2 per cent, to $7. (Calgary Herald)
Bombardier orders battery chargers from Turbo Power Aug 16, 2008
CALGARY Cash-short Turbo Power Systems Inc., a U.K.-based company that lists its shares in Canada, has received a new contract order from Bombardier Inc. for the supply of battery chargers for the Bombardier Turbostar trains. At the same time, Turbo Power also announced that it is taking steps to deal with a shortage of available cash that resulted after its second-quarter results put the company in default of some of its debt covenants. (Globe and Mail -- Business)
Turbo Power Systems Announces New Rail Contract Aug 15, 2008
BOMBARDIER and TURBOSTAR are trademarks of Bombardier Inc. or its subsidiaries. NOTES TO EDITORS. (CCNMatthews Press Releases)
US vows to scrutinize C Series funding package Aug 12, 2008
MONTREAL -- Aircraft manufacturer Bombardier Inc. says it's confident that British and Canadian government funding of its newly launched C Series plane will pass promised scrutiny of U.S. trade officials. "The offer of repayable investment from Northern Ireland and British government departments is subject to [European Union] approval, and we are confident it is fully compliant with EU and international requirements," Bombardier spokesman Marc Duchesne said. (Globe and Mail)
Beijing Olympics using Pittsburgh products Aug 11, 2008
Airport visitors making their way around the will use a Pittsburgh-built device from , a subsidiary of Canadian plane and train equipment manufacturer Bombardier Inc.. The company won an $89 million contract in 2005 to make railway vehicles for the airport s automated driverless train system. (Pittsburgh Business Times, PA)
China South Loco plans $1.5 bn IPO Aug 4, 2008
China South Locomotive plans $1. 5 bn HK-Shanghai IPO- International Business-News-The Economic Times. (India Times)
Boeing will be part of Mitsubishi jet program Jul 30, 2008
July 30, 2008 at 7:19 AM EDT. TOKYO Boeing Co will be involved in Mitsubishi Heavy Industries' regional jet program, but its main focus will continue to be on large aircraft, Boeing's Japan head said on Wednesday. (Globe and Mail -- Business)
Bombardier defends disqualified streetcar Jul 25, 2008
TORONTO Bombardier Inc., stung by accusations last week that its proposed new Toronto streetcar would derail, will defend the vehicle in a meeting Friday with transit agency managers, and is considering going over the heads of transit engineers to make its case to the nine city councillors that oversee them. The company, the largest rail vehicle manufacturer in the world, says its streetcar design is safe and that it should not have been disqualified from the Toronto Transit Commission's request... (Globe and Mail)
C.A. Bancorp Canadian Realty Finance Corporation Files Preliminary Prospectus for Tax-Efficient 7.6% Yielding Class A Shares and Warrants to Purchase Series 1, Preferred Shares Jul 24, 2008
--------------------------------------------------------------------------- Name Ticker --------------------------------------------------------------------------- Canadian Common Shares Eligible for Exchange --------------------------------------------------------------------------- Agnico-Eagle Mines Ltd. AEM --------------------------------------------------------------------------- Agrium Inc. AGU --------------------------------------------------------------------------- Bank of Montreal... (CCNMatthews Press Releases)
FAA Says GE Engine Seals Must Be Replaced After Fatal Bombardier Jet Crash Jul 24, 2008
Montreal-based Bombardier Inc., which built the jet, is the world's third-largest commercial jet maker, behind Airbus SAS and Boeing Co.. To contact the reporter on this story: in Toronto on. (Bloomberg -- Canada)
Canada Stocks Slump as Oil Drops, Led by EnCana, Goldcorp; Banks Advance Jul 23, 2008
Bombardier Inc., the world's third-largest plane maker, climbed 1. 6 percent to C$7. (Bloomberg -- Canada)
Reuters Canada Business Summary Jul 20, 2008
Canada's most comprehensive investment tool. Banks could rain on earnings parade. (ReportonBusiness.com)
Bombardier baffled by derailed streetcar contract Jul 20, 2008
Mr. Slack said Bombardier, the world's largest maker of light rail vehicles and a unit of Montreal-based aerospace and transportation giant Bombardier Inc., was planning to write to the TTC Friday seeking a face to face meeting as soon as possible. Our management today is going to ask the TTC for an immediate meeting to discuss the issue in more depth so we can get a better understanding of where they are coming from, he said in a telephone interview. (Globe and Mail)
Bombardier still interested in TTC contract Jul 20, 2008
TORONTO Bombardier Inc. says it is still interested in pursuing the $1. 25-billion contract to supply Toronto's transit system with new streetcars despite the city's rejection of the Montreal-based company's original proposal. (CTV.ca)
Airbus Tops Boeing in $64 Billion Air Show Redeemed by Middle East, Asia Jul 19, 2008
Bombardier Inc., the world's third-largest planemaker, unveiled the first order for its planned CSeries jetliner, moving the Canadian company closer to taking on Boeing and Airbus with an airliner-sized model. CSeries Interest. (Bloomberg -- Europe)
Canadian hopes, global risks Jul 15, 2008
For years, Montreal's Bombardier Inc. has dreamed of making a long-range jet now, its new fuel-efficient aircraft comes as airlines are reeling under massive fuel bills and rivals may lobby for trade disputes ... OTTAWA AND FARNBOROUGH, ENGLAND The federal government is risking a trade war with the U.S. and Europe and accusations of cynical flip-flop on the home front over its pledged $350-million loan to Bombardier Inc. to build a new fuel-efficient jet in a plant near Montreal. (Globe and Mail)
Bombardier's C Series fuselage to be made by Shenyang Jul 15, 2008
July 15, 2008 at 7:45 AM EDT. FARNBOROUGH, England Bombardier Aerospace has signed a contract to have Chinese state-owned Shenyang Aircraft Corp. produce the centre fuselage for the newly launched C Series airliner. (Globe and Mail -- Business)
Bombardier Plans New Jetliner Jul 14, 2008
LONDON -- Bombardier Inc. said Sunday it will begin building its long-promised CSeries jetliner, after receiving a nonbinding letter of intent for 60 of the small planes from Deutsche Lufthansa AG.. While 60 planes is below Bombardier's goal for launching the model, company executives said they expect more orders for the plane, which they said will be the most fuel-efficient in its size range. (Wall Street Journal)
Fewer orders as plane industry copes with a slowdown Jul 14, 2008
Airbus and Boeing face another challenge from Canadian planemaker Bombardier Inc., which is seeking to compete with the narrow-body Airbus A320 and Boeing 737 with its C-series aircraft family, launched Sunday. The new plane is designed to carry 110-145 passengers. (International Herald Tribune -- Business)
A power plant that is quieter, fuel efficient but still years away Jul 14, 2008
With airlines reeling from oil costs and getting labelled as environmental spoilers, Bombardier Inc. promises that its C Series planes will use less fuel and be much quieter than the typical jet. Borrowing a page from Chicago-based Boeing Co., whose Boeing 787, the world's first large commercial airplane, is made mostly of carbon-fibre, Bombardier is using lighter composite materials for its planned regional jet. (Globe and Mail)
Siemens, Alstom, Bombardier, Hitachi Shortlisted for Thameslink Contract Jul 13, 2008
July 10 (Bloomberg) -- Alstom SA, Bombardier Inc., Hitachi Ltd. and Siemens AG were shortlisted by the U.K. government to build a fleet of trains valued at 1. 4 billion pounds ($2. (Bloomberg -- Germany)
Bombardier Seen Making CSeries Announcement Later Sunday Jul 13, 2008
LONDON -(Dow Jones)- Bombardier Inc. (BDRBF) is widely expected to launch its long-awaited CSeries aircraft Sunday ahead of the Farnborough Air Show. The Montreal-based aircraft manufacturer has called a press conference at the Farnborough site on the day before the air show is to officially open, a move seen by many as an attempt to focus attention on its news. (CNNMoney.com)
Bombardier's CSeries adds suspense to airshow Jul 13, 2008
That's the big question surrounding Bombardier Inc. ahead of next week's Farnborough International Airshow, as investors await an announcement that the Montreal-based aircraft maker is launching its proposed CSeries airliner. The CSeries would give the third-largest civil aircraft manufacturer a huge advantage over its competitors at a time when airlines around the world are struggling with record high fuel prices. (Globe and Mail -- Business)
Bombardier expected to name launch customer of new C-Series Jul 13, 2008
LONDON Bombardier Inc. is set to move into direct competition with industry heavyweights Boeing and Airbus with the expected announcement Sunday morning of the launch customer for the new C-Series jet, a $3-billion program that has been an on-again, off-again project for four years. Bombardier officials would not confirm or deny on Saturday that the C-Series, with 110 to 130 seats, had found a buyer or buyers among airlines or aircraft-leasing companies. (Globe and Mail -- Business)
Bombardier launches new range of aircraft to compete with Boeing and Airbus Jul 13, 2008
Canadian planemaker Bombardier Inc. issued a challenge to bigger rivals Boeing Co. and Airbus with the launch a new aircraft range on Sunday. The C-series aircraft will carry 110-145 passengers and is designed to compete against the aging Boeing 737 and Airbus A320 jets as well as the 98-114 seat ERJ 190 by regional jetmaker Embraer, or Empresa Brasileira de Aeronautica SA.. (International Herald Tribune -- Arts)
* Taiwanese airlines facing profit struggle, group says Jul 8, 2008
Taipei Times - archives. Enter your search terms. (Taipei Times, Taiwan -- World)
Enterprise 2.0 finds its place in big business Jul 4, 2008
Stephen Swift, enterprise architect at Montreal-based Bombardier Inc., the plane and train manufacturer, said he was listening closely to panelists like Fields, who detailed how they got 2 ... Stephen Swift, enterprise architect at Montreal-based Bombardier Inc., the plane and train manufacturer, said he was listening closely to panelists like Fields, who detailed how they got 2. (SearchCIO.com)
Bombardier signs $226-million jet deals Jun 23, 2008
June 23, 2008 at 9:18 AM EDT. TORONTO Bombardier Aerospace has announced a sale of four CRJ700 regional jets to an unnamed airline, which took options on four additional planes. (Globe and Mail -- Business)
Ambani's Reliance Infrastructure to Invest $7 Billion, Expand Overseas Jun 19, 2008
The company has jointly bid with Canada's Bombardier Inc., the world's second-largest trainmaker, to build a 67-kilometer elevated rail corridor in the southern Indian city of Hyderabad. Reliance Infrastructure is also building 400 kilometers of roads in southern India and a 100-storey building in Hyderabad, where it is developing 77 acres to lease office space, Jalan said. (Bloomberg -- Asia)
Computer Sciences Corp. inks $1.2B contract Jun 18, 2008
Parent Bombardier Inc. is the third largest commercial aircraft manufacturer in the world. This award is the first big win since CSC announced Project Accelerate, a growth strategy intended to focus the company on business after a recent reorganization and an investigation into its stock options by the Securities and Exchange Commission, which resulted in no actions taken against the company. (Washington Business Journal, DC)
China's newest train has a B.C. feel Jun 17, 2008
Its train cars, manufactured by Bombardier Inc. under a $68-million contract, are powered by linear induction motors built by a British Columbia company. Engineers work in the Bombardier station at Beijing airport. (Globe and Mail -- Business)
Canada Stocks, EnCana, Fall on Inflation Comment; Research In Motion Gains Jun 5, 2008
Bombardier Inc. rose 74 cents, or 9. 1 percent, to $8. (Bloomberg -- Canada)
Bombardier posts first-quarter results Wednesday May 31, 2008
Bombardier Inc. holds its annual meeting in Montreal and issues first-quarter results. A profit of 8 cents (U.S.) per share is expected, compared with 4 cents a year ago. (Globe and Mail -- Business)
Bombardier wins contract from Swedish state railway May 22, 2008
The Berlin-headquartered train-equipment division of Bombardier Inc. said delivery is set for mid-2010, and the contract includes an option on 20 additional trains. Bombardier Transportation, which has 1,600 employees in Sweden, said about 70 Regina trains are already running or on order in Scandinavia. (Globe and Mail -- Business)
Bombardier teams up with Russian locomotive firm May 22, 2008
Canada - (Adds analyst comments, closing stock price). OTTAWA, (Reuters) - Bombardier Inc Business jet market sizzles for Bombardier May 21, 2008
MONTREAL The market for business jets continues to sizzle, with Swiss-based VistaJet Holding SA announcing today an order for 35 corporate planes from Bombardier Inc., with an option for an additional 25 aircraft. The total value of the deal is $1. (Globe and Mail -- Business)
At noon: Two views on oil May 17, 2008
8 per cent. Meanwhile, aerospace company Bombardier Inc. rose 4. 8 per cent to $7. (Globe and Mail)
Bombardier sells 14 new units to Vancouver's SkyTrain system May 13, 2008
The Berlin-based railway equipment division of Bombardier Inc. said Tuesday the Vancouver order exercising an option linked to a 34-vehicle contract signed in November 2006 raises the number of ART units sold worldwide to 610. More to come. (Globe and Mail -- Business)
Bombardier Announces a Strategic Marketing Agreement With Ultimate Resort Luxury Destination Club May 8, 2008
A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada ... Bombardier, Flexjet, Flexjet 25, Skyjet, Learjet and Challenger are either registered or unregistered trademarks of Bombardier Inc. or its subsidiaries. (Canada Newswire)
Bombardier Aerospace names Delphi executive Hachey president Apr 19, 2008
MONTREAL The world's third-largest civilian plane manufacturer, Bombardier Inc., announced Friday that auto industry executive Guy Hachey has been hired as president and chief executive officer of Bombardier Aerospace ... Beaudoin becomes president and chief executive officer of Bombardier Inc. on June 4. (San Diego Union-Tribune -- Business)
Aircraft makers flock to Mexico Apr 7, 2008
A trainer from Canada, left, helps a Mexican worker place rivets on a Challenger 850 business jet at a new Bombardier Inc. factory in Queretaro, Mexico. The Challenger 850 is a variant of the CRJ-200 jetliner used by many airlines. (USA Today -- Money)
Stocks Have Biggest Weekly Gain in Five Years, Led by British Energy, BHP Apr 5, 2008
Credit Suisse Group raised its price estimate for shares of the maker of controls that help run railways and washing machines to 290 pence from 240 pence after the company on April 1 said it will receive compensation from Canada's Bombardier Inc. due to a signaling contract on London's subway system being re-tendered. (KGF LN), Europe's largest home-improvement retailer, fell 4. (Bloomberg -- UK)
Rosy profit fires up Bombardier stock Apr 5, 2008
MONTREAL -- Investors took a shine to the Bombardier Inc. story yesterday, boosting the train and plane maker's shares more than 6 per cent to $5. 95 on stronger-than-expected fourth-quarter results and a robust outlook for the near future. (Globe and Mail)
Archives: Bombardier Inc.
