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Bombardier CEO sees decision on loss-making CRJ jet this year
Posted on Wednesday January 16, 2019
Bombardier Inc (BBDb.TO) aims to make a decision this year on the future of its CRJ regional jet as it "aggressively" pursues new orders to secure its industrial future, the Canadian planemaker's chief executive said on Wednesday. The company is exploring "all strategic options" for the loss-making program including a potential sale, but its immediate focus is to win orders and cut costs, CEO Alain Bellemare told Reuters. Bellemare was speaking on the sidelines of a ceremony marking a new U.S. assembly line for the larger A220 jetliner development, which Bombardier agreed in 2017 to sell to a venture led by Europe's Airbus (AIR.PA).
PRESS DIGEST- Canada- Dec 26
Posted on Wednesday December 26, 2018
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Bombardier Inc is launching its ...
Mitsubishi seeks dismissal of Bombardier trade secrets case
Posted on Thursday December 20, 2018
A trade secrets lawsuit brought by Canada's Bombardier Inc (BBDb.TO) against the aircraft unit of Mitsubishi Heavy Industries Ltd <7011.T> should be dismissed because the allegations are baseless and designed to "disrupt development" of a rival jet, a spokesman for the Japanese company said on Thursday. Mitsubishi Aircraft Corp filed a court motion calling for the dismissal of Bombardier's October lawsuit, in which the Canadian planemaker said its former employees passed on trade secrets to help Mitsubishi's oft-delayed regional jet project, spokesman Jeff Dronen said. Bombardier's lawsuit was filed in U.S. federal court in Seattle against Mitsubishi, Seattle-based Aerospace Testing Engineering & Certification Inc (AeroTEC) and several former Bombardier employees.
Bombardier delivers Global 7500 jet as corporate travel race intensifies
Posted on Thursday December 20, 2018
Canada's Bombardier Inc will deliver its first Global 7500 corporate jet on Thursday, premiering a full-sized bed and optional en-suite shower, in a challenge to U.S. planemaker Gulfstream at the top of the luxury jet market. To meet demands by wealthy travelers, business jet manufacturers are increasingly filling their cabins with hotel-style features, previously seen only in converted commercial aircraft, by harnessing lighter-weight materials and technology that do not compromise a plane's range. The Global 7500, with a $73 million list price, will compete with Gulfstream's G650, which has dominated the top end of the business jet market since its entry into service in 2012.