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Bombardier Inc. is a global leader in designing, manufacturing, and maintaining top-performing aircraft for a variety of industries. With a diverse portfolio of mobility solutions, Bombardier is committed to bridging distances and enabling seamless travel across the world.
From category-defining business jets and commercial aircraft to high-speed trains and smart public transit systems, Bombardier's products are at the forefront of transportation innovation. The company's recent achievements include the issuance of new Senior Notes and the strategic acquisition of German automobile association Allgemeiner Deutscher Automobil-Club.
Bombardier's dedication to excellence in aviation is highlighted by the successful pricing of US$750 million Senior Notes and the development of innovative aircraft, such as the Bombardier Challenger 650 for air ambulance services. The company's commitment to customer satisfaction and industry-leading performance sets it apart as a trusted provider of mobility solutions worldwide.
Bombardier has successfully elected all 13 nominees from its management proxy circular during its annual shareholders' meeting on May 5, 2022. Key results include:
- Pierre Beaudoin received 97.47% votes in favor.
- Joanne Bissonnette achieved 98.55% support.
- Charles Bombardier earned 98.48% backing.
This decisive vote reflects strong shareholder confidence in Bombardier's leadership and strategic direction, essential for its role as a global aviation leader.
Bombardier reported strong first-quarter results for 2022, achieving revenues of $1.2 billion from 21 aircraft deliveries, supporting its guidance for over 120 deliveries this year. Adjusted EBITDA rose by 36% year-over-year to $167 million, aided by margin expansion and cost reduction. The backlog grew to $13.5 billion, reflecting a robust unit book-to-bill ratio of 2.5. Free cash flow improved significantly, reaching $173 million, driven by strong order intake. The company also made strides in debt reduction, redeeming $400 million in Senior Notes.
Bombardier has won the 2022 Mercuriades award for its innovative Smart Link Plus connected aircraft program, recognized in the Technological Innovation category. This advanced system enhances aircraft health monitoring by interpreting real-time data to alert maintenance crews, significantly reducing downtime. Currently, over 97% of Global 7500 operators use the service. Bombardier aims to expand the program with predictive analytics in collaboration with Scale AI, further enhancing operational efficiency and reducing unscheduled maintenance.
Bombardier will release its Q1 2022 financial results on May 5, 2022, at 8:00 a.m. EDT. A conference call for investors and analysts will follow to discuss the results. Media will have a separate session at 9:30 a.m. EDT. The Annual and Special Meeting of Shareholders will take place the same day at 10:30 a.m. EDT. Shareholders can participate via a live webcast. Bombardier is recognized for its innovative business jets and operates globally with a fleet of approximately 5,000 aircraft.
Bombardier has received a notice from Alstom S.A. requesting arbitration over alleged contractual breaches related to the sale of Bombardier's Transportation business on January 29, 2021. Bombardier believes it has strong grounds to defend itself and will also contest certain purchase price adjustments that reduced the proceeds from the sale. The arbitration process may take several years, and Bombardier will limit its comments on the matter due to confidentiality obligations.
Bombardier has designated its Wichita facility as the new U.S. Headquarters, aiming to capitalize on growth in the MRO and defense sectors. This site will also host Bombardier Defense, reflecting an expansion of its Specialized Aircraft division. Further, Bombardier confirmed additional orders for modified Global 6000 jets worth up to $465 million from the USAF for the BACN program. The Wichita site will focus on recruiting, with over 180 jobs available, and has increased its service center workforce significantly, expanding from three to seven hangars in four years.
On April 19, 2022, Bombardier will celebrate the future of its Wichita site and announce job opportunities. The event, attended by President and CEO Éric Martel and the Executive Leadership Team, will include a site tour for media representatives.
The celebration takes place at 1:30 pm CST at 1 Learjet Way, Wichita, KS. Media can register via an online form and join the event live on LinkedIn and Facebook. Bombardier is a leader in aviation, focusing on business jets with a global fleet of approximately 5,000 aircraft.
On April 19, 2022, Bombardier will host a significant event at its Wichita site to discuss future plans and available job opportunities. The event, starting at 1:30 pm CST, will feature President and CEO Éric Martel and other executives. Media members can tour the facility after the event. Attendees must register through Bombardier’s online form. Bombardier is a leading aviation company known for its innovative business jets, with operations in various countries and a customer support network worldwide.
VistaJet has achieved a significant milestone by managing 10% of the Global 7500 fleet following Bombardier's 100th delivery of the aircraft. This expansion will enhance VistaJet's ultra-long-haul capabilities, with plans to increase its fleet to 17 by the end of 2022. VistaJet's Global 7500 jets provide access to 187 countries, allowing for non-stop flights globally. Notably, the aircraft boasts an industry-leading range of over 7,700 nautical miles and aligns with VistaJet's sustainability goals, aiming for carbon neutrality by 2025.
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