Welcome to our dedicated page for Bombardier B news (Ticker: BDRBF), a resource for investors and traders seeking the latest updates and insights on Bombardier B stock.
Bombardier Inc. (BDRBF) is a global leader in aerospace innovation and advanced rail transportation solutions. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and strategic initiatives shaping the future of mobility.
Access authoritative coverage of Bombardier's latest press releases, including aircraft delivery milestones, service network expansions, and technological advancements. Our curated collection features essential updates across key operational areas: quarterly earnings disclosures, defense contract awards, sustainability initiatives, and partnership announcements within the aviation sector.
Bookmark this page for streamlined access to critical information affecting Bombardier's market position. Monitor executive leadership updates, production capacity changes, and regulatory developments that impact the company's performance in business aviation and rail transportation markets.
Bombardier has initiated a tender offer to purchase up to $100 million of its 7.500% Senior Notes due 2024 and 2025. The total purchase will be funded from the company's cash reserves. Holders of the notes must tender them by November 18, 2022, to qualify for an early tender payment of $30 per $1,000 principal. The tender offer expires on December 5, 2022. Conditions apply for acceptance based on the tender cap for each series of notes. This move reflects Bombardier's proactive management of its debt obligations.
Bombardier reported strong third quarter 2022 results with revenues of $1.5 billion, including a 20% year-over-year increase in aftermarket revenues to $372 million. Adjusted EBITDA rose 48% to $210 million, with margins improving by 460 bps to 14.4%. The company achieved positive free cash flow of $52 million and reduced debt by $100 million year-to-date, bringing total debt repayment to $873 million. Backlog increased by $300 million to $15 billion, reflecting robust order activity.
Bombardier has inaugurated a new service center at Miami-Opa Locka Executive Airport, enhancing its support for customers in the U.S. and Latin America. This 300,000 sq. ft. facility will significantly expand Bombardier's maintenance capabilities, allowing for fast and efficient servicing of all Bombardier business aircraft. The center is expected to create nearly 300 jobs, including over 225 skilled technician positions. With the transition from Fort Lauderdale, the facility aims to improve customer service and turnaround times, solidifying Bombardier's commitment to aviation excellence.
Bombardier is set to release its third quarter 2022 financial results on November 3, 2022. A webcast conference call for investors and analysts will occur on the same day at 8:00 a.m. ET to discuss these results.
The event will be available via a live webcast, with further details accessible on Bombardier's investor relations page. Investors can also participate via telephone using designated numbers for both English and French audiences.
Bombardier is set to inaugurate a new 300,000 sq. ft. service centre at Miami-Opa Locka Executive Airport on Oct. 31, 2022. This facility enhances Bombardier's maintenance, repair, and overhaul (MRO) capabilities for its business aircraft, significantly expanding its footprint in Florida. The centre will facilitate complete maintenance, including aircraft modifications and support for the Learjet, Challenger, and Global aircraft. Additionally, Bombardier is hiring maintenance technicians to support its global expansion and ensure high-quality service for customers in the U.S. and Latin America.
Bombardier has partnered with Signature Aviation for a multi-year agreement to purchase sustainable aviation fuel (SAF), set to reduce greenhouse gas emissions by approximately 25% starting January 2023. This initiative, the first of its kind for a business aviation OEM, supports Bombardier’s goal of achieving a 25% reduction in GHG emissions from all operations by 2025. The Book & Claim system ensures rigorous accounting of emissions reductions while optimizing logistics. This partnership highlights both companies' commitment to environmental objectives and promotes the use of SAF across the industry.
Bombardier has launched its new Executive cabin for Global 7500 and Global 8000 aircraft, featuring a three-suite configuration designed for enhanced corporate collaboration and productivity. The cabin includes versatile options like the Nuage Cube, which serves multiple functions. With three 12-foot workspaces, the cabin aims to optimize in-flight productivity. Alongside superior performance credentials, Bombardier emphasizes the cabin's comfort, connectivity, and innovative features such as the Soleil lighting system. The Global 8000 is set to enter service in 2025, reinforcing Bombardier's leadership in business aviation.
Bombardier has announced Toto Wolff as its worldwide brand ambassador, leveraging his experience as a long-time user of Bombardier jets. Wolff will promote the Challenger and Global business jet products, including the Challenger 3500 and Global 8000. The partnership aims to enhance brand visibility, showcasing Bombardier's innovation and expanding service centers in locations such as Singapore and Melbourne. Wolff, recognized for his leadership role in F1, appreciates Bombardier's commitment to high performance and quality.
Bombardier has opened a new service center in Melbourne, Australia, enhancing its customer service capabilities in the Asia-Pacific region. Located at Essendon Fields Airport, this state-of-the-art facility covers 50,000 square feet and will create 65 new jobs. The Melbourne Service Centre will offer maintenance, repair, and overhaul (MRO) services for Bombardier's business aircraft, including a 4,000 sq. ft. parts depot. This move is part of Bombardier's commitment to expanding its global customer support network.
