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Bombardier Inc Add to portfolio

TSP:BBD.B, Apr 25, 02:29 UTC

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Tuesday, April 23


News

Media Advisory: Bombardier to Report its First Quarter 2019 Financial Results and to Hold its Annual Meeting of Shareholders on Thursday, May 2

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200 de la Commune Street West, Montréal, Québec, H2Y 4B2. WHEN:. Media registration: 9:30 a.m. - 10:15 a.m. Eastern Daylight Time (EDT). Approximately 30-45 minutes after the meeting, Alain Bellemare, Bombardier’s President and Chief Executive Officer, will meet media representatives in the room where the meeting will take place. In order to accelerate the registration process, all media representatives are asked to confirm their intention to attend the meeting by sending their full name and email address as well as those of their crew members to jessica.mcdonald@bombardier.com by 12:00 p.m. EDT on Wednesday, May 1st. With over 68,000 employees across four business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains.

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Bombardier Commercial Aircraft Enhances Customer Support in Africa and the Middle East with Relocation of its Q Series Aircraft Regional Support Team Toronto Stock Exchange:BBD-A

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TORONTO, April 23, 2019 (GLOBE NEWSWIRE) -- Bombardier Commercial Aircraft announced today that it will relocate its Q Series aircraft regional support team from Lanseria International Airport to Airways Park, close to O.R. “The relocation of our Africa and Middle East Q Series regional support team is another step in our ongoing efforts to enhance our accessibility and support to customers and operators in the region,” said Todd Young, Vice President and General Manager, Head of Q Series Aircraft Program, Bombardier Commercial Aircraft. Tambo International Airport serves as the primary airport for travel to and from South Africa, so it fits with our strategy to position our regional support teams where they are best able to offer timely support before, during and beyond an aircraft’s entry into service.”. “Regional support team members also act as conduits to connect our customers to our extensive global network of Service Centres, Authorized Service Facilities, Parts Depots and Training Facilities.”.

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Monday, April 22


News

Judge tosses Bombardier’s suit against Mitsubishi America

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Judge James Robart from US District Court in the Western District of Washington notes that Bombardier makes a strong case that Mitsubishi Aircraft America acquired Bombardier trade secrets. But Bombardier’s allegations fell short of the legal definition of trade secret misappropriation because Bombardier failed to show that Mitsubishi Aircraft America knew about those secrets. ”Bombardier is currently reviewing the District Court’s judgment, which contains several elements supportive of Bombardier’s position, and will determine the best path going forward,” Bombardier adds. The suit also names several former Bombardier staffers who allegedly passed Bombardier trade secrets to AeroTec and Mitsubishi after leaving Bombardier to work for those companies on the MRJ programme. “The court may properly infer, based on Bombardier’s allegations, that Mr Basson’s and Ms Dorneval’s alleged conduct was likely intended, at least in part, to benefit AeroTEC by advancing the MRJ’s certification.”.

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News

Bombardier eyes higher sales from retrofitting trains

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MONTREAL, April 22 (Reuters) - Canada's Bombardier Inc sees higher sales from modernizing existing rail cars as the company works to further diversify its largest division as measured in revenue, a spokesman said this month. Bombardier projects that a quarter of its transportation division's expected 2020 revenue of $10 billion will come from rail services, up from 18 percent in 2014, according to a company investor presentation. It closed a deal last summer to cede a controlling stake in its largest narrowbody program to Europe's Airbus SE. But the company has wrestled with execution problems and delays on rail contracts that led earlier this year to the temporary halting of car deliveries in New York because of air compressor software defects, and in Switzerland because of faulty doors. New York deliveries have since resumed. As it pursues retrofitting contracts, Bombardier is eying a possible plan by the largest U.S. rapid transit system to modernize around 1,000 subway cars made by the company in the late 1990s and early 2000s, according to two sources familiar with the matter.

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Tuesday, April 16


News

CEO says future of Bombardier’s regional jet depends on beefing up backlog

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“But it depends if we can fill up the backlog.”. The plain-and-train-maker’s backlog of 54 CRJ 900 planes extends only through the end of next year, according to Bombardier. Once a cash cow for the Montreal-based company, the CRJ now loses money, Bellemare has said. For the past five years Embraer SA’s E175 narrow-body aircraft has dominated the U.S. market, where the majority of regional jets are sold. Quebec’s economy minister has said the government is prepared to work with Bombardier if it needs help with its regional jet program, though Premier Francois Legault has stated that likely won’t involve financial support for the jetliner.

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Saturday, April 13


News

Turbulence hits union contract negotiations with Bombardier and Airbus

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An internal newsletter from the International Association of Machinists and Aerospace Workers that’s been viewed by The Canadian Press says the employer offer presented earlier this week was “light years away” from union expectations. According to the union, the proposal includes the elimination of the defined benefit pension plan, salary increases below the cost of living and the splitting of union certification. This negotiation is different from the last because talks are with Bombardier and the European giant at the same time because of the agreement signed a little over a year ago for control of the aircraft formerly called the C Series. Airbus and Bombardier declined to comment on the state of talks but Bombardier spokesman Olivier Marcil said difficult negotiations to renew a labour contract is common and not just in the aerospace business.

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Wednesday, April 10


News

Streetwise newsletter: BMO restructures capital markets leadership; Shareholder groups support proposal to abolish Bombardier’s dual-class share structure

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Shareholder groups support proposal to abolish Bombardier’s dual-class share structure: Two proxy advisory firms are backing a proposal to abolish Bombardier Inc.'s dual-class share structure in a move that could reignite investor opposition to the founding family’s control over the Canadian plane and train maker. U.S. bank executives face grilling from congressional panel: Chief executives of some of the largest U.S. banks appeared before Congress on Wednesday, giving lawmakers their first opportunity to grill the lenders since the 2007-09 financial crisis. Western banks help Saudis raise US$12-billion in bonds: Saudi Arabian state-controlled oil company Aramco – the most profitable in the world – has raised US$12-billion in a bond issue that shows Western investors are keen to do business with the kingdom despite global outrage over last year’s killing of a dissident journalist. Top links: Canadian banks ‘ill-prepared’ for turn in credit cycle, says short seller: “'Canada has not had a credit cycle in a few decades,' Eisman, portfolio manager at Neuberger Berman told BNN Bloomberg in a Tuesday interview.

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Monday, April 08


News

First New York City Screening of ‘Bombardier Blood’ Set for April 14th

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NEW YORK--(BUSINESS WIRE)--The New York City Hemophilia Chapter (NYCHC), Octapharma USA and international non-profit Save One Life will present the first New York City screening of "Bombardier Blood" at 1:30 p.m., Sunday, April 14th at the AMC Empire 25, 234 West 42nd Street in Times Square. A reception after the screening will include a question and answer session with Bombardier, now Executive Director of Save One Life, and the film’s Director Patrick James Lynch of Believe Limited. “Bombardier Blood” Executive Producer Alex Borstein, the two-time Emmy-Award winning actress best known for her work on “The Marvelous Mrs. Maisel” and “Family Guy,” has been invited to join the event as well. “Octapharma believes that people with hemophilia can achieve great things in life when they get the medical care they need so we were really proud to be able to support Chris on his inspiring journey.

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Friday, April 05


News

Widerøe Signs Up Another Four Dash 8-100 Aircraft for Bombardier’s Extended Service Program Toronto Stock Exchange:BBD-A

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TORONTO, April 05, 2019 (GLOBE NEWSWIRE) -- Bombardier Commercial Aircraft announced today that Widerøe’s Flyveselskap AS of Norway has signed an agreement to apply the Extended Service Program (ESP) to another four Dash 8-100 aircraft operated by the Norwegian airline. “The Dash 8-100 aircraft is a valued member of our fleet and we are delighted to once again collaborate with Bombardier to extend the economic life of another four aircraft,” said Sture Pedersen, Director Technical Operations, Widerøe’s Flyveselskap. In 2015, Bombardier also successfully launched an Extended Service Program for the Dash 8-300 aircraft with Chorus Aviation Inc. and Jazz Aviation LP (‘Jazz’) as the launch customer and operator. Bombardier, Dash 8, de Havilland, Extended Service Program, Q100, Q200, Q300, Q400 and Q Series are trademarks of Bombardier Inc. or its subsidiaries. For Information Nathalie Scott Bombardier Commercial Aircraft +1-416-375-3030nathalie.scott@aero.bombardier.comwww.bombardier.com.

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News

Train Collision Avoidance Systems - Worldwide Market Outlook to 2023; Led by Bombardier, HBL Power Systems, Siemens, Thales Group, and United Technologies - ResearchAndMarkets.com

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Train Collision Avoidance Systems - Worldwide Market Outlook to 2023; Led by Bombardier, HBL Power Systems, Siemens, Thales Group, and United Technologies - ResearchAndMarkets.com. DUBLIN--(BUSINESS WIRE)--The "Global Train Collision Avoidance System Market 2019-2023" report has been added to ResearchAndMarkets.com's offering. Hence, the initiative toward the development of high-speed rail networks in emerging economies, especially in South Asian countries, is anticipated to increase the demand for train collision avoidance system (TCAS) during the forecast period. The rising number of railway accidents and the need for passenger safety across countries are driving the adoption of TCAS.

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