BOMBARDIER INC B - BDRBF STOCK NEWS

Bombardier announced that VistaJet has ordered 10 Challenger 350 business jets and taken delivery of its first two Global 7500 aircraft. This order responds to increased demand in the super midsize jet segment. The Challenger 350 is known for its performance and cabin experience, making it a popular choice in private aviation, especially during the pandemic. Bombardier celebrates the milestone 50th delivery of the Global 7500, noted for its range and comfort, reinforcing their commitment to meeting evolving market needs.

Bombardier announced amendments to its cash tender offer initially disclosed on March 22, 2021, aiming to buy back up to US$1,571,000,000 in senior notes due in 2021, 2022, and 2023. This includes an adjustment of the 2023 Tender Cap to US$235,125,000. As of the Early Tender Date, a significant percentage of notes were validly tendered: 93.91% for 2021, 63.15% for 2022, and 26.59% for 2023. The Early Settlement Date is anticipated on April 6, 2021.

Bombardier announced the delivery of its 50th Global 7500 aircraft, marking a significant milestone for its flagship model. The company delivered 35 Global 7500 jets in 2020, including a record 16 in Q4, and continues to see strong market interest. The aircraft boasts a dispatch reliability rate of 99.7% and is recognized for its exceptional design, performance, and environmental sustainability, being the first business jet with a verified Environmental Product Declaration (EPD). Bombardier's focus on innovation positions the Global 7500 as a key growth driver.

Bombardier has announced a cash tender offer to purchase up to $1.1 billion in outstanding senior notes, specifically targeting $250 million of 6.125% Senior Notes due 2023. The tender offer, effective from March 22 to April 16, 2021, aims to optimize the company's debt structure, with early tenderers eligible for an additional $30 per $1,000 principal amount. The offer is subject to conditions, including the satisfaction of the Aggregate Maximum Purchase Amount. All notes are held in book-entry form, requiring holders to consult their brokers for tendering instructions.

Bombardier has renewed its International Standard for Business Aircraft Operations (IS-BAO) Stage 3 certification, demonstrating a sustained commitment to safety. First achieved in 2018, this recognition marks the second consecutive time the company has attained the highest safety designation from the International Business Aviation Council (IBAC). The certification reflects Bombardier's dedication to an effective Safety Management System (SMS) and its overall safety culture. The company conducts rigorous training and meetings to ensure compliance with safety protocols and enhance operational professionalism.

Bombardier hosted its virtual Investor Day, unveiling its 2025 financial targets and market outlook. The company anticipates a gradual recovery in business jet deliveries, projecting revenues of ~$7.5 billion and adjusted EBITDA of ~$1.5 billion by 2025. Key initiatives include enhancing aftermarket growth, improving productivity, and a significant focus on balance sheet deleveraging. Furthermore, Bombardier expects to achieve free cash flow of over $500 million by 2025, primarily through leveraging its Global 7500 aircraft's learning curve and diversifying revenue streams.

Aston Martin and Bombardier have agreed to collaborate on custom design services for Bombardier's business jets, enhancing the customer experience with luxury automotive design. This partnership aims to combine Bombardier's design leadership with Aston Martin's exceptional craftsmanship, offering unique aircraft interiors. Bombardier's recent portfolio refresh, including the award-winning Global and Challenger jets, highlights its commitment to passenger comfort and innovation. This collaboration opens new design possibilities, appealing to customers seeking bespoke luxury in aviation.

Bombardier's Challenger 350 aircraft was the top medium category business jet in 2020, marking its seventh consecutive year as a category leader. The company delivered 44 aircraft in Q4 2020, spurred by a record 16 Global 7500 deliveries. In a significant order, Bombardier secured 10 Challenger 350 jets worth $267 million, celebrating its 350th delivery. The Challenger 350 features upgraded designs and high-speed connectivity, while the Challenger 650 remains integral for specialized missions, including medevac.

Bombardier reported a limited cybersecurity breach on February 23, 2021, due to a vulnerability in a third-party file-transfer application. An unauthorized party accessed sensitive data affecting approximately 130 employees in Costa Rica.

Bombardier's security measures helped contain the incident, and they are collaborating with cybersecurity experts and authorities to investigate further. The breach was not targeted specifically at Bombardier, and key operations remain unaffected. The company is actively notifying impacted stakeholders and remains committed to securing its IT infrastructure.