Recent events
Recent events tied to this brand in public sources.
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2020
Bombardier board accepts Beatrice Weder di Mauro's resignation
Bombardier announced that Beatrice Weder di Mauro intended to resign from its board for personal reasons and that the board accepted her resignation.
2020
Bombardier secures commitment for up to USD 1 billion term loan
Bombardier reported securing a commitment for up to USD 1 billion in a three-year senior secured term loan from investment funds and accounts managed by HPS Investment Partners. The facility was expected to be in place in the third quarter of 2020.
2020
Bombardier makes first U.S. Global 5500 customer delivery
Bombardier completed the first U.S. customer delivery of its Global 5500 aircraft to Unicorp, marking the model's entry into the U.S. market.
2020
Bombardier Aviation announces workforce reduction of about 2,500
Bombardier Aviation announced a decision to reduce its workforce by approximately 2,500 employees. It said most reductions would affect manufacturing operations in Canada and be carried out progressively throughout 2020.
2020
Bombardier reports first-quarter 2020 results
Bombardier announced its first-quarter 2020 financial results, reporting consolidated revenues of $3.7 billion and adjusted EBIT of $60 million. It also provided an overview of measures to manage its business through the COVID-19 pandemic.
2020
Bombardier announces Éric Martel as president and CEO
Bombardier announced that Éric Martel had been named its president, CEO and a board member, succeeding Alain Bellemare. Martel was to take over on April 6, 2020.
2020
Alstom agrees to acquire Bombardier's rail business
Alstom and Bombardier reached a provisional agreement for Alstom to acquire Bombardier's rail business for more than $7 billion, according to media reports.
2020
Alstom announces proposed acquisition of Bombardier Transportation
Bombardier announced that it had signed a memorandum of understanding with Alstom and the Caisse de dépôt et placement du Québec for the sale of Bombardier Transportation to Alstom. The proposed transaction was valued at an enterprise value of $8.2 billion, with closing expected in the first half of 2021, subject to regulatory approvals.
2020
Bombardier sells its rail operations to Alstom
Bombardier sold its Transportation unit to Alstom for US$8.2 billion, leaving Bombardier with its business jet division.
2020
Bombardier announces transfer of its remaining A220 stake to Airbus
Bombardier announced that it would transfer its remaining equity in the A220 program to Airbus for approximately $600 million. The article says this decision means Bombardier will temporarily exit the global commercial aviation industry.
2020
Bombardier completes exit from commercial aerospace through A220 partnership divestiture
Bombardier reported that its sale of its shares in the Airbus Canada Limited Partnership to Airbus and the Government of Quebec completed its exit from commercial aerospace. The agreement included approximately $600 million in cash proceeds and eliminated future A220 program capital requirements.
2020
Latecoere to acquire Bombardier wiring-system assets
Latecoere is acquiring Bombardier’s electrical wiring interconnection system assets in Queretaro, Mexico, for $50 million in cash and will assume the related workforce under the agreement.
2019
Bombardier signs lease for new manufacturing centre
Bombardier signed a long-term lease with the Greater Toronto Airports Authority to build a new manufacturing centre at Toronto Pearson International Airport in Mississauga, Ontario. Preliminary site work was underway, and production was expected to begin in 2023.
2019
Bombardier agrees to sell its aerostructures business to Spirit AeroSystems
Bombardier Inc. signed a deal to sell its aerostructures business to Spirit AeroSystems Holding Inc. for US$500 million in cash, with Spirit also assuming liabilities with a total carrying value of more than US$700 million.