A Supersonic Plane, Capable Of Connecting Paris To Montreal In 3:45 In Service In 2029? Canadian manufacturer Bombardier has seen better days than where it finds itself now. The first Airbus A321P2F converted freighter has entered service with launch customer Qantas, which will operate it under a partnership with Australia Post. (adsbygoogle = window.adsbygoogle || []).push({}); Click Like to Follow Fliegerfaust Facebook page to get the News ASAP / Share to share this post now. Some financial analysts suspect airframers might further cut aircraft production in 2021 owing to the depth of the pandemic-driven aerospace downturn. Bombardier Transportation announced today that it has signed a three-year extension to its Train Services Agreement (TSA) with Arriva CrossCountry. Bombardier's restructuring comes amid broader turmoil in the aerospace sector because of the pandemic, which has grounded flights across the globe, weakened valuations and … Spirit said separately that its liabilities were unchanged and the total enterprise valuation of the unit stood at $865 million, down from a prior $1.09 billion. Amounts in EUR in this press release are converted to USD at an approximate 1:1.17 exchange rate. Bombardier today announced that the company has entered into share purchase agreements with each of Lufthansa Technik AG and ExecuJet Aviation Group AG... Bombardier (TSX: BBD.B) today announced that it has signed a definitive Sale and Purchase Agreement (SPA), with Alstom SA and the Caisse de dépôt et... Bombardier’s 24th annual Safety Standdown, one of the most comprehensive safety conferences in the aviation industry, is set for October 21. A leading-edge research firm focused on digital transformation. Fliegerfaust's Selection about Bombardier Business Jets, including their new Global 7500! Welcome to flightglobal.com. Confusingly, though, Bombardier claims the sale is worth $1.2 billion and says the US firm is assuming pension and loan liabilities worth $824 million. Under the SPA, Bombardier and la Caisse will sell their interests in Bombardier Transportation to Alstom on the basis of an enterprise value of $8.4 billion (EUR 7.15B), reflecting a $350M (EUR 300M) price reduction from the previously announced Memorandum of Understanding (MOU), offset by the impact of a more favourable currency exchange rate. Funny thing… here is what Google.com says when ask about where the A220 (CSeries) aircraft is built: You like this article, you would like to be first to know next time? Exclusive: Airbus Working On More Than One New A220 Models ... ›, A220 - Airbus Scrapping Three (3) Already Built Aircraft - Production ... ›, Airbus New A220-500 is the Boeing 737 MAX Killer? Bombardier said in a statement on Monday that Spirit would now assume at least $824 million in liabilities. (Reporting by Allison Lampert in Montreal and Ankit Ajmera in Bengaluru; Editing by Shinjini Ganguli, Bernadette Baum and Cynthia Osterman). Bombardier announced today that all candidates in the Management Proxy Circular dated May 6, 2020 were elected as directors of Bombardier Inc. during ... Bombardier announced today that it will host its 2020 Annual Meeting of Shareholders (“Meeting”) on June 18, 2020 at 10:30 EDT in a virtual format due... Bombardier Aviation announced today that it would adjust its workforce to align with current market conditions reflecting the extraordinary industry ... Bombardier confirmed today the closing of the previously announced sale of the CRJ Series aircraft program to Mitsubishi Heavy Industries, Ltd for a cash ... Bombardier today released its 2019 Activity Report, reaffirming its commitment to sustainability and highlighting the Company’s progress over the past year... Bombardier Statement on fire incident in Northern Ireland. October 21, 2020 - by Sylvain Faust for www.fliegerfaust.com, Updated October 22, 2020 - 11:00am (15:00 UTC) - see end of article of updated aircraft delivery details. With an end-October deadline looming, there had been increasing speculation over the status of the acquisition, which had been thrown into doubt by the impact of the coronavirus crisis on civil aerospace. The deferral agreement includes about $2 billion in planes that were scheduled to be handed over this year, Delta said in a statement Tuesday as it reported worse-than-expected quarterly results. Protecting the health and safety of our employees, How one unique internship helped improve our business, Economic footprint of the A220 program in Québec and Canada. 1 Includes the impact from obligations related to achieving a minimum cash balance at Bombardier Transportation at the end of 2020.2 While the SPA is based on EUR currency, the parties have agreed that net cash proceeds to Bombardier will be paid in USD at the current €/USD exchange rate. Jessica McDonaldAdvisor, Media Relations and Public AffairsBombardier Inc. +514 861 9481jessica.mcdonald@bombardier.com, Patrick GhocheVice President, Corporate Strategy and Investor RelationsBombardier Inc.+514 861 5727, This press release includes forward-looking statements, which may involve, but are not limited to: statements with respect to our objectives, anticipations and outlook or guidance in respect of various financial and global metrics and sources of contribution thereto, targets, goals, priorities, market and strategies, financial position, market position, capabilities, competitive strengths, credit ratings, beliefs, prospects, plans, expectations, anticipations, estimates and intentions; general economic and business outlook, prospects and trends of an industry; expected demand for products and services; growth strategy; product development, including projected design, characteristics, capacity or performance; expected or scheduled entry-into-service of products and services, orders, deliveries, testing, lead times, certifications and project execution in general; competitive position; expectations regarding challenging Transportation projects and the release of working capital therefrom; expectations regarding revenue and backlog mix; the expected impact of the legislative and regulatory environment and legal proceedings; strength of capital profile, September 10, 2020 - by Long Haul by Simple Flying. Additionally, "there can be no assurances" that conditions related to Spirit's planned Bombardier acquisition will be met by that... Read more https://www.flightglobal.com/aerospace/spirit-predicts-asco-purchase-will-terminate-describes-bombardier-buy-as-uncertain/140268.article, Bombardier Inc. Chairman of the board, Pierre Beaudoin of the Beaudoin/Bombardier family, September 16, 2020 - by Bombardier - Source. Rain had entered the aircraft through the main cabin entry door while it was open, according to Transport Canada. Bombardier awarded five of its distinguished aerospace suppliers with the prestigious Diamond certification last month during a virtual Diamond... Bombardier announced today its financial results for the second quarter of 2020 and provided an update on the actions the company is taking to manage the... Bombardier and Alstom welcome the European Commission’s decision for conditional clearance of the proposed acquisition of Bombardier Transportation by Alstom. This A220, manufacturer serial number (MSN) 55070 (the 70th A220-300 produced) is the first A220 made and delivered from another factory. On 28 April 2016, Bombardier Aerospace recorded a firm order from Delta Air Lines for 75 CSeries CS100s plus 50 options. Contrary to what we read about Delta Air Lines not taking any more deliveries of new aircraft until 2022, Delta is to take delivery of this aircraft from Mobile, Alabama tomorrow around 15h00 (3pm) local time, or 20h00 UTC. With nearly 60,000 employees across two business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. There was a time when the fates of Quebec's aerospace industry and Bombardier were intimately linked. Spirit AeroSystems expects not to close its planned $420 million acquisition of Belgium company Asco and has raised uncertainty about closing a planned $500 million purchase of Bombardier's commercial aviation businesses. Bombardier shares are traded on the Toronto Stock Exchange (BBD). Bombardier Aviation announced today key leadership appointments at its Tucson and Fort Lauderdale service facilities. They have some interesting stuff for you. Net proceeds to Bombardier expected to be ~$4.0B at closing... Net proceeds to Bombardier expected to be ~$4.0B at closing, Closing now expected in the first quarter of 2021, subject to customary closing conditions and remaining regulatory approvals. it's easy and painless - Do each of the following: Thank you for your help and keep reading and sharing Fliegerfaust with others! Bombardier Inc. is the little aerospace company that can’t seem to catch a break. Dramatic Video Captures Moment Plane Crashes At Toronto-Area Airport. Bombardier operates the Laurent-Beaudoin Finishing Center there, where the interiors of Global business jets are produced. Bombardier To Gain Ownership of Berlin Service Center Aviation International News 17:20 29-Sep-20 Bombardier to establish wholly-owned service centre in Berlin Wings Magazine 14:37 29-Sep-20 Delta Air Lines to retire 717s, 767s and CRJ200s ahead of schedule Corporate Travel Community 04:13 29 … October 13, 2020 - by Mary Schlangenstein for www.bloombergquint.com. Pierre Beaudoin Chairman of the board Bombardier Inc. member of the Bombardier/Beaudoin family majority shareholders and his father Laurent Beaudoin former CEO and Chairman of the board. The appointments are effective immediately. Bombardier and Jetex have joined forces to establish a world-class fixed-base operator (FBO) experience in Singapore, the two companies ... Bombardier is delighted to announce that the newest addition to its diverse business jet portfolio, the Learjet 75 Liberty light jet, is now in service ... Bombardier is pleased to be hosting its first virtual customer event, beginning this morning and continuing through Thursday, October 8. A selection of our best stories daily based on your reading preferences. On 26 September, the US Department of Commerce … You will be able to follow its flight tomorrow live using apps such as FlightRadar24 or its website by looking this new Delta Airlines A220-300 under its FAA registration N302DU. One year after launching its revised and expanded internship program, Bombardier announced that it exceeded its previously announced goal... Bombardier announced today that it has begun the process of streamlining its senior leadership team as it transitions to a pure-play business jet company. "Maybe Airbus could have given [the mandate to finish the TwoTwenty] to the Bombardier Finish Center. And yet, the A220 seems to be answering problems that we're not quite having yet. Wichita-based Spirit, which makes airframes and aircraft components, says the European Commission is unlikely to approve its purchase of aerospace component supplier Asco by the deal's 1 October deadline. Bombardier Announces Leadership Appointments at Biggin Hill Service Centre as Facility Expansion Continues.