|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||1.4400 - 1.5400|
|52-week range||1.1600 - 2.2700|
|Beta (3Y monthly)||1.82|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||2.85|
Airbus SE's Canadian-designed A220 narrowbody jet has the potential to be stretched to carry more passengers but the company has no current plans to do so, a top executive said on Tuesday. Air France KLM SA, which has a firm order for 60 A220 jets, has expressed interest in a larger variant of the plane. In a presentation to investors, Air France KLM last week posted a slide referring to a larger A220-500 plane.
This month, we saw the Bombardier Inc. (TSE:BBD.B) up an impressive 32%. But that doesn't change the fact that the...
The purchase of Bombardier's plant in Belfast by Spirit AeroSystems is great news for workers and a welcome investment in the United Kingdom, Britain's junior business minister Nadhim Zahawi said on Thursday. Bombardier agreed to sell its aerostructure business, including the Short Brothers site in Northern Ireland, to Spirit AeroSystems for more than $1 billion in cash and debt. "I'm pleased that Spirit AeroSystems is boosting its investment in the UK," Zahawi said in a statement.
Bombardier Inc said on Thursday it would meet a key 2019 target and announced a deal worth more than $1 billion with Spirit Aerosystems, sending shares up nearly 7% despite reporting it burned more cash than expected. Montreal-based Bombardier is in the middle of a restructuring, shedding underperforming commercial plane programs to focus on more profitable business jet and rail units. The company spent more cash than expected during the third quarter while bringing its flagship corporate jet to market and amid project delivery delays in its key rail business, the company's largest division by revenue.
Bombardier Inc said on Thursday it would meet a key 2019 target and announced a deal worth more than $1 billion (£773 million) with Spirit Aerosystems , sending shares up nearly 7% despite reporting it burned more cash than expected. Montreal-based Bombardier is in the middle of a restructuring, shedding underperforming commercial plane programs to focus on more profitable business jet and rail units. The company spent more cash than expected during the third quarter while bringing its flagship corporate jet to market and amid project delivery delays in its key rail business, the company's largest division by revenue.
At the world's biggest industry show in Las Vegas luxury jets are luring buyers with their sleek silhouettes, plush cabins - and increasingly, their use of alternative fuels. Fuel producers and jetmakers are keen to showcase novel forms of aviation fuel deemed less harmful to the climate, from used cooking oil to the distinctly less glamorous meat waste. Business jet operators, like airlines, have bowed to environmental pressure on aviation and committed to halving carbon emissions by 2050 compared with 2005.
PARIS/ZURICH, Oct 15 (Reuters) - U.S. engine maker Pratt & Whitney faces new checks on engines for small jetliners after an engine failure forced a Geneva-bound Swiss jet to divert to Paris and prompted a brief grounding of the rest of the airline's Airbus A220 fleet. It was the third engine incident involving the same airline and model of jet in as many months and resulted in a small amount of debris being scattered as the aircraft landed at Paris Charles de Gaulle, an airport source told Reuters. Swiss, owned by Germany's Lufthansa, said after Tuesday's incident it had initially grounded its fleet of Airbus A220 jets for a "comprehensive inspection" of their engines.
MONTREAL/SEATTLE, Oct 3 (Reuters) - Spirit AeroSystems Holdings Inc has emerged as the front-runner to acquire Bombardier Inc's aerostructures facilities in Belfast and Morocco, two sources familiar with the matter told Reuters. A deal for the plants would be strategic for U.S. aerospace components maker Spirit, which is diversifying its customer base. Bombardier said in May it would sell off the two aerostructures operations, including a wing-making facility in Belfast, as the Montreal-based company sheds its commercial aviation businesses to focus on more profitable corporate jets and passenger rail cars businesses.
A U.S. judge on Monday dismissed a lawsuit in which Comerica Inc sought millions of dollars from Bombardier Inc after the Canadian aircraft maker could not find buyers for four planes whose leases had expired. U.S. District Judge Paul Gardephe in Manhattan, who had dismissed an earlier version of the lawsuit in July 2017, said Comerica was still unable to show that the planes had been returned to the lessor, which its contracts with Bombardier required before payment could be made. The amount sought was blacked out in the amended complaint.
The company also lowered its full-year forecast for earnings before interest and taxation (EBIT), another closely watched measure, in the rail division. Bombardier shares were down 18% at C$1.86, well below the broader Canadian share index, which was down 0.2%.
Tanzania's government will buy two new Airbus jets and one plane from Bombardier Inc as part of a fleet expansion plan for the national flag carrier, the president said on Thursday. President John Magufuli has personally taken charge of the revival of Tanzania's loss-making state carrier Air Tanzania Company Limited (ATCL), spending hundreds of millions of dollars purchasing eight new planes since 2016.
Mitsubishi Heavy Industries will buy the remnants of the CRJ regional jet program in order to gain control of Bombardier's global sales, service, and support networks.
Montreal-based Bombardier has been selling off its weaker-performing commercial plane programs aimed at airlines to focus on profitable business jets and passenger rail cars. In an interview, Bombardier Chief Executive Alain Bellemare said some proceeds would be used to reduce debt. Bombardier has an additional $400 million liability from residual value guarantees provided to airlines on the regional jet program.