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BOMBARDIER INC B - BDRBF STOCK NEWS

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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.

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Bombardier announced on February 17, 2021, the initiation of repayment for the total outstanding balance of $750 million drawn from its $1 billion senior secured term loan facility. This facility was established on August 19, 2020, and the repayment, which includes all accrued interest and associated fees, is set to be completed by February 19, 2021. This move underscores Bombardier's commitment to managing its debt effectively.

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In 2020, Bombardier reported revenues of $5.6 billion from Business Aircraft, a 3% year-over-year increase due to the ramp-up of Global 7500 deliveries, with a record 16 aircraft delivered in Q4. Adjusted EBITDA reached $200 million while reported EBIT was $912 million, reflecting gains from asset disposals. The company projects improved performance in 2021, targeting revenues growth and an adjusted EBITDA exceeding $500 million.

Additionally, Bombardier plans a significant cost savings initiative aiming for $400 million annually by 2023, including workforce reductions and ending Learjet production.

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Bombardier is set to announce its financial results for Q4 and FY 2020 on February 11, 2021. Investors and analysts can join a webcast at 8:00 a.m. EST for a detailed review of these results. The conference call can be accessed via multiple phone numbers, including toll-free options for North America. The company aims to showcase financial performance and address questions from stakeholders. Bombardier remains a leader in aviation, providing innovative aircraft globally, and supports a fleet of approximately 4,900 aircraft.

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Bombardier has partnered with StandardAero to enhance maintenance services for Learjet and Challenger aircraft in Europe. This agreement will enable expanded overhaul capabilities at Biggin Hill and Berlin service centers. Customers will benefit from all-inclusive pricing and streamlined maintenance, reducing downtime and costs by bundling services. The collaboration aims to deliver superior service support, leveraging expertise from both companies for a comprehensive maintenance experience, which includes engine, APU, and airframe services.

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Bombardier is set to release its financial results for the fourth quarter and full year ending December 31, 2020, on February 11, 2021. A conference call will occur at 8:00 a.m. EST, where the results will be discussed. Investors can access a live webcast on Bombardier's website, as well as participate via phone. The corporation is a leader in aviation with a global footprint, supporting a fleet of approximately 4,900 aircraft.

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Bombardier has expanded its customer support network in Europe with a new service facility in Berlin, appointing Stuart Bailey as General Manager. His extensive experience at Lufthansa will enhance operations at the facility. This addition is crucial for expanding Bombardier's global reach and service capabilities. The new center will offer high-quality MRO services, contributing to Bombardier's strategic growth plans. The announcement is part of a broader initiative to enhance worldwide customer service, including new service centers in Miami, Singapore, and future expansions in Melbourne and the US.

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Bombardier has successfully completed the sale of its Transportation business to Alstom, receiving net proceeds of approximately $3.6 billion. This includes around $600 million in Alstom shares. The transaction strengthens Bombardier's liquidity and initiates its transition to a pure-play business jet manufacturer. Pro-forma net debt is projected at $4.7 billion, post-transaction. Despite lower-than-expected cash generation from Transportation, Bombardier aims to use the proceeds for debt reduction and enhance its financial stability.

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On October 19, 2020, Bombardier Aviation announced key leadership appointments at its Biggin Hill Service Centre, aiming to enhance its services network. Greg Hoggett is appointed General Manager, bringing over 30 years of aviation experience. Corey Trudgen will support the ongoing expansion project, which includes a new hangar and is scheduled to be operational in 2022. These changes coincide with Bombardier's strategic growth, including service centers in Berlin and Miami, and expansions in Singapore, reaffirming their commitment to customer service excellence.

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Bombardier Transportation announced a three-year extension to its Train Services Agreement with Arriva CrossCountry, valued at £248 million ($320 million). This contract will see Bombardier maintain a fleet of 34 class 220 Voyagers and 24 class 221 Super Voyagers until October 14, 2023, with the possibility of a one-year extension. The agreement underscores Bombardier's strong relationship with Arriva and highlights its commitment to the UK's CrossCountry network, encompassing routes from Aberdeen to Penzance.

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Bombardier and Jetex announced a collaboration to enhance the Singapore Service Centre at Seletar Aerospace Park, creating a world-class fixed-base operator (FBO) experience. The partnership aims to provide seamless service from arrival to departure, establishing Jetex's fourth Asia-Pacific destination following Tokyo and Osaka. This initiative comes amid a 16% increase in private jet demand in Singapore in 2019. The new facility will offer exceptional trip planning and ground support, leveraging Jetex's award-winning systems and Bombardier's local presence, ultimately aiming to enhance customer experience in business aviation.

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FAQ

What is the current stock price of BOMBARDIER B (BDRBF)?

The current stock price of BOMBARDIER B (BDRBF) is $67.35 as of December 20, 2024.

What is the market cap of BOMBARDIER B (BDRBF)?

The market cap of BOMBARDIER B (BDRBF) is approximately 7.5B.

What is Bombardier Inc. known for?

Bombardier Inc. is a global leader in designing, manufacturing, and maintaining top-performing aircraft for various industries.

What recent achievements has Bombardier Inc. made?

Bombardier Inc. successfully priced US$750 million Senior Notes and acquired German automobile association Allgemeiner Deutscher Automobil-Club.

What products does Bombardier Inc. offer?

Bombardier Inc. provides a diverse portfolio of mobility solutions, including business jets, commercial aircraft, high-speed trains, and smart public transit systems.

How does Bombardier differentiate itself in the aviation industry?

Bombardier stands out in the aviation industry by prioritizing customer satisfaction, industry-leading performance, and innovation in developing cutting-edge aircraft like the Bombardier Challenger 650 for air ambulance services.

What recent financial updates has Bombardier Inc. announced?

Bombardier Inc. issued new Senior Notes and completed the successful pricing of US$750 million in aggregate principal amount for future projects.

What is the key focus of Bombardier Inc.'s operations?

Bombardier Inc. is dedicated to continuously finding better ways to bridge distances and bring people together through its world-class mobility solutions across cities, countries, and the globe.

How does Bombardier Inc. contribute to the future of mobility?

Bombardier Inc. contributes to the future of mobility by developing innovative transportation solutions, including advanced business jets, commercial aircraft, high-speed trains, and smart public transit systems.

What recent strategic partnerships has Bombardier Inc. formed?

Bombardier Inc. recently announced an order from German automobile association Allgemeiner Deutscher Automobil-Club for a Bombardier Challenger 650 aircraft configured as a dedicated air ambulance.

What sets Bombardier Inc.'s Challenger 650 aircraft apart?

The Bombardier Challenger 650 aircraft is distinguished by its class-leading reliability, flexibility, and versatility, making it ideal for responding quickly to emergencies and providing life-saving medical assistance.

Where can I find more information about Bombardier Inc.'s products and services?

For detailed information about Bombardier Inc.'s industry-leading products and customer service network, visit businessaircraft.bombardier.com to discover more about the company's commitment to aviation excellence.

BOMBARDIER INC B

OTC:BDRBF

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BDRBF Stock Data

7.53B
85.16M
1.66%
28.4%
Aerospace & Defense
Industrials
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United States of America
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