Bombardier to sell Belfast wing factory, dumping key parts of profitable Aerostructures unit

May 2, 2019, © Leeham News: Bombardier today reported its first quarter earnings, which were lower than originally expected by analysts and previewed last week. But the big news are plans to sell its Belfast, Northern Ireland, wing… Read More

Pontifications: The Airbus North America Tour

Jan. 21, 2019, © Leeham News: Last week’s Airbus North America Tour (#AirbusNATour on Twitter) was a whirlwind 2 ½ days encompassing Montreal Mirabel, Columbus (MS) and Mobile (AL). To those who don’t follow Airbus Americas closely, the… Read More

Bombardier CEO “proud” at A220 FAL groundbreaking

Jan. 16, 2019, © Leeham News, Mobile (AL): Groundbreaking for the Airbus A220 final assembly line today might be viewed as a bittersweet moment for Alain Bellemare, CEO on Bombardier, designer of the C Series. The program nearly… Read More

Bombardier YE2016 results better than expected

Feb. 16, 2017: Bombardier today posted better than expected results (even on lower revenue) for the fourth quarter and full year. Goldman Sachs was first out with reaction among the analyst reports LNC receives: Bombardier (Neutral) reported stronger-than-expected 4Q16… Read More

Bombardier 3Q2016 earnings: revenue down, performance up

Nov. 10, 2016, (c) Leeham Co.: Bombardier reported 3Q2016 and nine months results reflecting lower revenues as downsizing businesses and cost-cutting took effect. Revenues for the current quarter were $3.7bn vs $4.1bn. For the nine months, revenues were… Read More

Bombardier: Our turnaround plan is gaining traction

April 28, 2016: “Our turnaround plan is gaining traction,” said Alain Bellemare, BBD CEO, to lead off the first quarter earnings report for Bombardier. “This is a big win for Bombardier,” he said. “This is a strong endorsement for… Read More

Welcome news for Bombardier, Mitsubishi

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Air Canada orders up to 75 C Series; announced with BBD 2015 financial results

Feb. 17, 2016: The long drought is over. Air Canada has ordered up to 75 Bombardier C Series.The press conference is at 11am EST today. These will replace 25 Embraer E-190s. BBD now has orders and commitments for… Read More

Bombardier 3Q2015 earnings call

Oct. 29, 2015: “I feel confident in our liquidity going forward,” following the investment by the Quebec government of $1bn in the CSeries program, says Alain Bellemare, president and CEO. With that, Bombardier launched its third quarter earnings call. Cancellation of… Read More

Bombardier: $3.2bn charge, $1bn from Quebec

Oct. 29, 2015: Bombardier today announced a US$3.2bn charge against the CSeries program and a $1bn investment from the province of Quebec, about half of what had been rumored, with its 3Q2015 earnings. The press release is here…. Read More