BDRAF News and Press, Bombardier Inc. - Class A From 02/11/21

Bombardier ([[BDRAF]], [[BDRBF]]) will stop making its iconic Learjet and cut 1,600 jobs as part of its plan to drive profitability and productivity.Learjet production will stop in Q4, which the company says will allow it to focus on its more lucrative Challenger and Global aircraft groups.Wi...

Air Canada will shrink by as much as 30%. Airline gets rid of older less efficient aircraft previously used as the backbone of low-cost carrier Air Canada Rouge. Cutting the fleet for a new future does make sense, but retirements and deliveries need to be timed well. For fur...

Alstom (ALSMY) has launched a capital increase of around €2B to finance the acquisition of Bombardier's ([[BDRAF]], [[BDRBF]]) rail unit, which it expects to close in the first quarter of next year.Back in September, Alstom lowered its offer for the business, revising terms of an agree...

Aerospace names are taking to the skies after Pfizer/BioNTech reported a 90% effective rate for its COVID-19 vaccine this morning.Commercial aviation has been battered by the coronavirus pandemic, but investors finally see a future where that may not be the reality.On the move: Airbus ([[EADS...

The U.K. Serious Fraud Office says it is investigating Canada's Bombardier ([[BDRAF]], [[BDRBF]]) over suspected bribery in airplane sales to Garuda Indonesia.Bombardier is the latest aerospace company to face scrutiny over the use of middlemen after authorities struck a record bribery settle...

Bombardier Inc. (BDRBF) Q3 2020 Earnings Conference Call November 05, 2020, 08:00 AM ET Company Participants Patrick Ghoche - VP of Corporate Strategy and IR Eric Martel - President, CEO John Di Bert - CFO Conference Call Participants Myles Walton - UBS Ryall Stroud - RBC Capital Markets Seth...

As it transitions to become a pure-play business aircraft company, Bombardier ([[BDRAF]], [[BDRBF]]) missed profit estimates in Q3, hurt by coronavirus-led disruptions at its aviation and transportation units.Adjusted EBITDA came in at $176M for the quarter, compared with $255M a year earlier...

The following slide deck was published by Bombardier Inc. in conjunction with their 2020 Q3 earnings call. For further details see: Bombardier Inc. 2020 Q3 - Results - Earnings Call Presentation

Spirit AeroSystems (NYSE: SPR) has reworked its deal to buy the aerostructures business of Bombardier (OTC: BDRAF) (OTC: BDRBF) , finding a way to get the deal done despite significant COVID-19 headwinds. The agreement allows Spirit to salvage at least part of its gr...

Spirit AeroSystems (SPR) is amending its deal with Bombardier ([[BDRAF]], [[BDRBF]]) through which it is acquiring the outstanding equity of Short Brothers and Bombardier Aerospace North Africa SAS and other assets.Net proceeds purchase price payable to Bombardier will be reduced from $500M-$...