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 appointed Ève Laurier as Vice President of Communications, Public Affairs, and Marketing, effective mid-May 2021. Reporting directly to CEO Éric Martel, Laurier will enhance community engagement and brand strategy. She brings over 20 years of experience, previously serving as General Manager at Edelman. Martel emphasized Laurier's leadership and creativity as vital for advancing Bombardier's business aviation strategy. The company also acknowledged Mike Nadolski's departure after five years. Bombardier continues to be a global aviation leader, supporting around 4,900 aircraft worldwide.
Bombardier will release its first-quarter 2021 financial results on May 6, 2021, followed by a virtual Annual Meeting of Shareholders. The quarterly conference call for investors is scheduled for 8:00 a.m. EDT the same day, where management will discuss the company’s performance. Investors can join via webcast or telephone. The meeting for shareholders is set for 10:30 a.m. EDT, allowing registered shareholders to vote and participate in discussions.
Bombardier has opened a new Line Maintenance Station at Geneva Airport, enhancing its customer service network in Europe. This facility is the tenth worldwide and the seventh in Europe, supporting a growing fleet of Challenger and Global business jets. It features 10,000 sq m (over 107,000 sq ft) of hangar space, providing comprehensive maintenance services by certified technicians. This expansion is part of Bombardier's strategy to increase its Services and Support footprint by 50% globally, including new service centers in locations like Berlin, Miami, London, and Singapore.
Bombardier announced the expiration of its cash tender offer to purchase up to US$1.57 billion of its senior notes due 2021, 2022, and 2023. The offer, which expired on April 16, 2021, saw the company accept and purchase approximately US$955 million of 2021 Notes, US$316 million of 2022 Notes, and US$225 million of 2023 Notes during the early settlement. Additional notes were tendered prior to the expiration date, with final settlements expected on April 20, 2021. Executive Vice President Bart Demosky emphasized the importance of this action in reducing debt and annual cash interest costs.
Bombardier has received regulatory approval for the installation of Viasat’s Ka-band in-flight connectivity system on Challenger 300 and Challenger 350 aircraft, enhancing in-flight internet speeds. This approval, issued by the FAA and EASA, allows operators to benefit from the fastest available connectivity in the super midsize segment.
With this installation, Bombardier enhances its worldwide support network, offering improved cabin experiences and connectivity for passengers and crew.
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.
