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Bombardier Inc Add to portfolio

TSP:BBD.B, Nov 15, 03:31 UTC

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SFAS Framework Analysis (2018-2019) on the Top 5 Global Commercial Aircraft OEMs: Boeing, Airbus, Bombardier, Embraer and ATR -- OEMs are Focused Strongly on Ramping Up Aircraft Production Rates

AIR BBD.B +1 more AIR BBD.B BA

Boeing & Airbus lit up the Farnborough Airshow 2018 with combined order intake for around 960 aircrafts worth $160 billion at list prices, with Boeing's order intake packing a real punch underscored by its tally of orders for freighters, indicating towards resurgence in demand for freighters and that the aviation super cycle is still in full momentum. The burgeoning order backlog across OEMs; worth over $1 trillion, is likely to drive consistent revenues growth across the industry value chain over the next decade as it gears up for disciplined operational execution. Airlines profitability continues to be on the upward growth trajectory with 2018 likely to be another boom year for the airlines with the profitability projected to register double digit growth rate to reach $38.4 billion in 2018, despite the spike in crude oil prices & pressures from escalating labor costs. Against this backdrop, this SFAS Framework Analysis will thus be crucial to understand & assess as to how are the OEMs strategically positioned in a rapidly changing and evolving industry dynamics and market environment and how adaptive, responsive & prepared are they to be able to ride the waves of change & disruption blowing through the market.

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Yesterday


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Bombardier Stumbles Leave CEO Just ‘One Chance’ to Regain Trust

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The rout is forcing investors to rethink Bombardier’s prospects -- a jarring turnabout after a year in which analysts had had ratcheted up their view on the shares to the most optimistic since 2011 as Bellemare boosted profits and ceded control of a cash-draining jetliner program to Airbus SE. The company’s $1 billion in bonds due 2024 have dropped 7 percent to 94 cents on the dollar since Nov. 7, the worst performer among U.S. dollar bonds in Canada, according to the Bloomberg Barclays Global Corporate bond index. “The market is starting to question the company’s ability to complete management’s turnaround plan,” said Brian Kennedy, a portfolio manager at Loomis, Sayles & Co in Boston, which has about $267 billion under management and doesn’t own Bombardier bonds. Bellemare downplayed liquidity concerns, drawing a contrast to the company’s plight when he took the reins in 2015 and “we didn’t have the liquidity.” He also accelerated his push to make Bombardier leaner last week, with 5,000 job cuts and asset sales that are expected to generate $900 million.

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SFAS Framework Analysis (2018-2019) on the Global Top 5 Commercial Aircraft OEMs: Boeing, Airbus, Bombardier, Embraer, ATR - ResearchAndMarkets.com

AIR BBD.B +1 more AIR BBD.B BA

DUBLIN--(BUSINESS WIRE)--The "Strategic Factor Analysis Summary (SFAS) Framework Analysis - 2018-2019 - Global Top 5 Commercial Aircraft OEMs - Boeing, Airbus, Bombardier, Embraer, ATR" report has been added to ResearchAndMarkets.com's offering. Boeing & Airbus lit up the Farnborough Airshow 2018 with combined order intake for around 960 aircrafts worth $160 billion at list prices, with Boeing's order intake packing a real punch underscored by its tally of orders for freighters, indicating towards resurgence in demand for freighters and that the aviation super cycle is still in full momentum. The OEMs are focused strongly on ramping up aircraft production rates through the next decade to meet delivery schedules with aircraft deliveries by the industry in 2018 likely to reach a record high with production output on key aircraft programs going up. Against this backdrop, this SFAS Framework Analysis will thus be crucial to understand & assess as to how are the OEMs strategically positioned in a rapidly changing and evolving industry dynamics and market environment and how adaptive, responsive & prepared are they to be able to ride the waves of change & disruption blowing through the market.

Read Full Details

Topics:
  • Business
  • Financial
News

SFAS Framework Analysis (2018-2019) on the Global Top 5 Commercial Aircraft OEMs: Boeing, Airbus, Bombardier, Embraer, ATR - ResearchAndMarkets.com

AIR BBD.B +1 more AIR BBD.B BA

DUBLIN--(BUSINESS WIRE)--The "Strategic Factor Analysis Summary (SFAS) Framework Analysis - 2018-2019 - Global Top 5 Commercial Aircraft OEMs - Boeing, Airbus, Bombardier, Embraer, ATR" report has been added to ResearchAndMarkets.com's offering. Boeing & Airbus lit up the Farnborough Airshow 2018 with combined order intake for around 960 aircrafts worth $160 billion at list prices, with Boeing's order intake packing a real punch underscored by its tally of orders for freighters, indicating towards resurgence in demand for freighters and that the aviation super cycle is still in full momentum. The OEMs are focused strongly on ramping up aircraft production rates through the next decade to meet delivery schedules with aircraft deliveries by the industry in 2018 likely to reach a record high with production output on key aircraft programs going up. Against this backdrop, this SFAS Framework Analysis will thus be crucial to understand & assess as to how are the OEMs strategically positioned in a rapidly changing and evolving industry dynamics and market environment and how adaptive, responsive & prepared are they to be able to ride the waves of change & disruption blowing through the market.

Read Full Details

Topics:
  • Business
  • Financial
News

Bombardier investors spurn CEO optimism as bonds, stock drop

BBD.B AAPL

Bombardier Inc. bonds are joining the company’s stock plunge on fresh concern over cash-flow prospects at the manufacturer of planes and trains. The market swoon underscored investor anxiety about Bombardier’s prospects despite Chief Executive Officer Alain Bellemare’s upbeat 2020 outlook at an investor conference Tuesday — his first public comments since the company lost a quarter of its market value after reporting earnings last week. Canada’s largest aerospace company surprised investors Nov. 8 by saying it would need to tap proceeds from the sale of its Downsview facility in Toronto to meet a goal of breaking even on a cash-flow basis this year, plus or minus $150 million. “We’re disappointed” about the cash flow miss, Bellemare said at a Scotiabank conference in Toronto, citing “a little bit of a setback” in the company’s train unit. But he insisted that the company was on track for longer-term targets.

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Bombardier Investors Spurn CEO Optimism

BBD.B

Bombardier Inc. bonds are joining the company’s stock plunge on fresh concern over cash-flow prospects at the manufacturer of planes and trains. The market swoon underscored investor anxiety about Bombardier’s prospects despite Chief Executive Officer Alain Bellemare’s upbeat 2020 outlook at an investor conference Tuesday -- his first public comments since the company lost a quarter of its market value after reporting earnings last week. Canada’s largest aerospace company surprised investors Nov. 8 by saying it would need to tap proceeds from the sale of its Downsview facility in Toronto to meet a goal of breaking even on a cash-flow basis this year, plus or minus $150 million. “We’re disappointed” about the cash flow miss, Bellemare said at a Scotiabank conference in Toronto, citing “a little bit of a setback” in the company’s train unit. But he insisted that the company was on track for longer-term targets.

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Tuesday, November 13


News

Bombardier clings to its last commercial aircraft line

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"We want to keep this line going," company chief executive Alain Bellemare told analysts, noting that there was only one other player, Embraer, selling in this 75- to 100-seat regional jetliner category. He left open the possibility of partnering with another aeronautics firm, however, as Bombardier looks to upgrade the aircraft and boost sales. Questions were raised about Bombardier's future as an aeronautics firm following its divestiture, announced last week, of its aging Q Series turboprop line to a Canadian investment fund, and its sale of a majority stake in its CSeries jetliner line to Airbus in July. Previously the company decided to give up control of its new CSeries aircraft, now known as the A220, to European giant Airbus in exchange for using Airbus's sales and marketing heft to lift CSeries sales.The planes and trains maker also still manufactures business jets.

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Bombardier CEO ends silence, defends move to lay off 5,000 employees

BBD.B AMZN

TORONTO — The head of Bombardier Inc. is defending his move to lay off 5,000 workers — 3,000 of them in Canada — citing efficiency and leaving the door open to more job cuts down the line. Chief executive Alain Bellemare told an investor conference in Toronto Tuesday that the productivity push was “tough” and unpopular, but essential to achieving “world-class” status and an improved revenue-per-employee ratio. Bellemare did not specify where or when the positions would be cut, though Bombardier has said 2,500 workers in Quebec and 500 in Ontario will lose their jobs over the next 18 months as part of his five-year plan to rein in costs, focus on rail and business jets and reduce the net long-term debt of US$9 billion. Despite agreeing to sell the Q-400 turboprops to Longview Aviation Capital for about US$300 million, Bellemare said he wants to keep making the airline’s CRJ regional jets, but will reassess later on about the possibility of “partnering” with another group.

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Bombardier CEO ends his silence on 5,000 layoffs, defends the move

BBD.B

TORONTO — The head of Bombardier Inc. is defending his move to lay off 5,000 workers — 3,000 of them in Canada — citing efficiency and leaving the door open to more job cuts down the line. Chief executive Alain Bellemare told an investor conference in Toronto today that the productivity push was "tough" and unpopular, but essential to achieving "world-class" status and an improved revenue-per-employee ratio. Bellemare did not specify where or when the positions would be cut, though Bombardier has said 2,500 workers in Quebec and 500 in Ontario will lose their jobs over the next 18 months as part of his five-year plan to rein in costs, focus on rail and business jets and reduce the net long-term debt of US$9 billion. Quebec Economy and Innovation Minister Pierre Fitzgibbon called a special meeting of industry and union representatives in Montreal Monday to discuss the layoffs and find a path back to employment for affected workers.

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News

Bombardier CEO ends his silence on 5,000 layoffs, defends the move

BBD.B

Bombardier CEO ends his silence on 5,000 layoffs, defends the move. The head of Bombardier Inc. is defending his move to lay off 5,000 workers — 3,000 of them in Canada — citing efficiency and leaving the door open to more job cuts down the line. Chief executive Alain Bellemare told an investor conference in Toronto today that the productivity push was “tough” and unpopular, but essential to achieving “world-class” status and an improved revenue-per-employee ratio. Bellemare did not specify where or when the positions would be cut, though Bombardier has said 2,500 workers in Quebec and 500 in Ontario will lose their jobs over the next 18 months as part of his five-year plan to rein in costs, focus on rail and business jets and reduce the net long-term debt of $9 billion (U.S.).

Read Full Details

Topics:
  • Business
  • Financial