Bombardier Sale: Financially pressed Bombardier sold its military training unit to Canadian supplier CAE for C$19.8m. It’s not a big cash infusion into BBD, but at this point every little bit helps. Last week, before today’s CAE announcement,… Read More
Posted on January 26, 2015 by Scott Hamilton
Subscription required By Bjorn Fehrm Introduction 25 Jan 2015: Japan has not produced a commercial aircraft since 1973, when the last YS-11 twin engined turboprop rolled off the assembly line. The YS-11 was developed by a consortium of Japanese “heavies,”… Read More
Posted on January 25, 2015 by Bjorn Fehrm
BBD’s Sheridan: Rod Sheridan, who retired last year after 20 years at Bombardier, has been named vice chairman of Nordic Aviation Capital, the world’s largest lessor of turboprop aircraft. Nordic owns more ATR turboprops and has more on… Read More
Posted on January 20, 2015 by Scott Hamilton
BBD management: Bombardier’s management gets a scathing review following last week’s announcement that it will “pause” the LearJet 85 program and it will miss free cash flow guidance. This follows the unexpected resignation of Ray Jones, the head… Read More
Posted on January 19, 2015 by Scott Hamilton
Jan. 15, 2015: Bombardier, struggling with poor aerospace sales across its business jet and commercial lines, missed previous guidance on cash flow and other metrics, three Wall Street investment banks reported today. BBD’s stock traded off 22% in… Read More
Posted on January 15, 2015 by Scott Hamilton
The Wall Street Journal takes a look at Bombardier.(Subscription required.) ““We did not fully expect and prepare” for the competitive response, said a Bombardier executive. Its studies concluded re-engining the A320 and 737 made no economic sense and… Read More
Posted on January 9, 2015 by Scott Hamilton
Ray Jones, who replaced Chet Fuller in December 2013 as head of Bombardier commercial airplane programs, quit. BBD said Jones and the company mutually agreed to his departure, was was labeled for “personal reasons.” BBD would not elaborate…. Read More
Posted on January 8, 2015 by Scott Hamilton
Subscription Required Introduction Jan. 7, 2015: Embraer, the world’s #3 commercial airplane manufacturer, enters 2015 viewing this as a year of execution, says its chief commercial officer, John S. Slattery. There are three pillars: Continuing to fill out… Read More
Posted on January 7, 2015 by Scott Hamilton
Subscription Required Introduction Jan. 5, 2015: Conventional wisdom suggests that turboprops are making a bit of a comeback because these remain far more efficient for routes up to 400 miles than jets, particularly at high fuel prices. Even… Read More
Posted on January 5, 2015 by Scott Hamilton
Dec. 31, 2014, just under the wire: 2014 is over and there was some news unrelated to the loss of AirAsia flight 8501: Bombardier: The company received a firm order for 24 CRJ900s from an unidentified customer (we… Read More
Posted on December 31, 2014 by Scott Hamilton