BOMBARDIER INC B - BDRBF STOCK NEWS

Bombardier and Signature Flight Support have signed a significant Memorandum of Understanding (MoU) aimed at enhancing customer service in private aviation. This collaboration will see Signature as the preferred concierge service provider at Bombardier service centers across the U.S. and Europe, initially launched in five U.S. cities. The MoU also includes joint efforts to promote Sustainable Aviation Fuel (SAF) and improve service capabilities through Bombardier's Mobile Response Team. This strategic partnership is positioned to redefine industry standards and support environmental sustainability.

On October 12, 2021, Bombardier announced Collins Aerospace as its Preferred Service Provider (PSP) for fleetwide connectivity services. This partnership allows Bombardier customers to access and manage cockpit and cabin connectivity via Collins’ ARINCDirect digital tools. Comprehensive on-site support from ARINCDirect representatives will enhance customer service at Bombardier’s facilities. The agreement aims to streamline customer experience and provide robust support for connectivity needs, reiterating Bombardier's commitment to delivering high-quality aviation solutions.

Bombardier showcased its new Challenger 3500 business jet and celebrated its launch at the NBAA-BACE event in Las Vegas. The launch customer, Les Goldberg, expressed excitement about the jet's reliability. Bombardier is expanding its customer service offerings globally, particularly in the U.S. The Challenger 3500 boasts a redesigned interior and advanced technology, with a firm order of 20 jets already received. The company is also highlighting its commitment to sustainability amid industry challenges.

Bombardier announced a firm order for 20 Challenger 3500 business jets, marking its largest business jet transaction of 2021, valued at $534 million. This order, received shortly after the aircraft's unveiling on September 14, underscores the model's market demand. The Challenger 3500 features innovative technologies, including the first voice-controlled cabin and superior passenger comfort. Designed with sustainability in mind, it will be the first super mid-size business jet with an Environmental Product Declaration and aims to enter service in the second half of 2022.

Bombardier is showcasing its Global 7500 and Challenger 350 aircraft in a European tour, highlighting their luxury and performance. The tour began in Germany and will conclude in Sweden on October 5. The Global 7500 stands out with its range of 7,700 nautical miles and innovative cabin design, while the Challenger 350 has been a best-seller for seven consecutive years. Both jets are utilizing Sustainable Aviation Fuel to emphasize Bombardier's commitment to environmental sustainability during the tour.

Bombardier has expanded its interior repair and refurbishment services at its Dallas Service Centre, enhancing support for U.S. and Latin American customers. The partnership with Global Engineering & Technology, Inc. will provide high-quality services for aircraft flooring, cabinetry, and upholstery. This initiative is part of Bombardier's strategy to grow its customer service network by 50%, which includes new service centers globally. The enhancements reflect Bombardier's commitment to meeting growing customer demands and improving customer experience with high-quality offerings.

Bombardier has launched the new Challenger 3500, a super mid-size business jet designed with sustainability in mind. The aircraft features advanced technology including voice-controlled cabin management, the exclusive Nuage seat, and a reduced cabin altitude of 4,850 ft for enhanced passenger comfort. With an entry-into-service expected in the second half of 2022, the Challenger 3500 aims to set new standards in the industry while also being the first in its class to achieve an Environmental Product Declaration (EPD).

Bombardier has successfully redeemed all outstanding 6.00% Senior Notes due 2022 as announced on September 13, 2021. This action follows the notice of redemption issued on August 12, 2021. The company emphasizes that this press release does not constitute an offer to sell or buy securities, and the notes are not registered under U.S. securities laws. The company also highlights that any forward-looking statements carry inherent risks and uncertainties that could impact future results.

Bombardier announced the redemption of all its outstanding 6.125% Senior Notes due 2023 as per the notice issued on August 12, 2021. This strategic move highlights the company's ongoing efforts to manage its debt profile effectively. The redemption indicates a focus on improving financial health and reducing interest liabilities, which could positively impact future cash flows.