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Bombardier expects Global 7500 jet certification this month - sources
Posted on Monday September 17, 2018
Bombardier Inc (BBDb.TO) expects its Global 7500 to receive certification from Canada's transport regulator this month, a milestone needed for the plane-and-train maker to begin delivering its flagship business jet to clients, two sources familiar with the matter said. Montreal-based Bombardier has not disclosed the exact number of orders for the Global 7500, set to challenge U.S rival Gulfstream Aerospace, which has dominated the top end of the market for long-range corporate planes. "So far, there's a broad expectation that it will happen by the end of the month, but the decision will be taken by Transport Canada," said one of the sources on Monday.
Bombardier Debuts Battery Train in Berlin in Challenge to Diesel
Posted on Thursday September 13, 2018
Bombardier Inc. launched a battery-run train in Germany this week, the first of its kind to enter passenger services in Europe for more than 60 years. The “electric hybrid” train is the latest of its kind to debut in Germany, which is offering federal development aid for projects that may speed up electrification of the rail network. Diesel locomotives still run on 40 percent of Germany’s railroads, and the government in Berlin has set an ambitious plan to make the network pollution-free by 2030.
Bombardier names Danny Di Perna as aerospace COO
Posted on Wednesday August 22, 2018
(Reuters) - Bombardier Inc (BBDb.TO) on Wednesday appointed Danny Di Perna as its aerospace unit's chief operating officer. Di Perna, who most recently was vice-president of global sourcing at GE Power, ...
Bombardier expects improved 2019 margins, 2nd-quarter beats forecasts
Posted on Thursday August 02, 2018
Canada's Bombardier Inc expects margins to improve in 2019, its chief financial officer said on Thursday, after the plane- and train-maker reported better than expected quarterly earnings, lifting its shares more than 5 percent. Bombardier shares were up 5 percent in midday trading at C$5 a share. Bombardier is in the middle of a five-year turnaround plan through 2020, after spiraling investments in its CSeries jetliner led to a cash crunch in 2015.