Science and technology in Canada

May 9, 2008 - 7:20am

Low demand for corporate aircraft and small airliners has led New York-based financial advisor Moody’s Investors Service to review, and possibly downgrade in
the next two months, certain Bombardier debt ratings. Bombardier Aerospace’s intermediate-term earnings and cash flow could be constrained by any adverse market effects, according to Moody’s corporate finance group senior vice president Tassos Philippakos.

May 6, 2008 - 9:17am

Among all the factors that influence a buyer’s decision to purchase one business jet over another, brand loyalty is well recognized as one of the strongest. Citation owners, looking to replace or add another steed to their stables, usually buy another Citation. Falcon owners, for the most part, buy another Falcon. And Gulfstream owners generally buy Gulfstreams.

April 23, 2008 - 6:36am

Bombardier Aerospace officially opened last month its Commercial Service Center (CSC) in Mirabel, Quebec, Canada. The CSC is “dedicated to the specific service and support needs of the more than 1,600 out-of-production de Havilland DHC-1 through -7 aircraft still in production,” according to Bombardier.

April 21, 2008 - 11:38am

The case of Kittredge Aviation & David Wetherell v. Bombardier Aerospace, Bombardier, Inc. and General Electric has been slated for an April 2003 trial, according to David Bunis, partner, Dwyer & Collora, LLP, who represents the plaintiffs. “Bombardier and GE have produced many relevant documents to the case and we’re moving forward,” Bunis told AIN.

April 18, 2008 - 11:10am

Bombardier today announced substantial changes to its aerospace group leadership team, most notably naming auto industry veteran Guy Hachey Bombardier Aerospace’s new president and COO, effective May 12. A transition period will follow until June 4, when Pierre Beaudoin, Bombardier Aerospace’s current president and COO, will take over the position of president and CEO of parent company Bombardier, as previously announced last fall.

April 1, 2008 - 9:32am

Bombardier’s board of directors issued authority to the company’s aerospace division to formally offer its proposed C Series airliner to potential customers. Bombardier Aerospace new commercial aircraft president Gary Scott told AIN that he now needs at least one, if not two, “high quality” customers for between 50 and 100 airplanes to gain launch approval from the board.

January 31, 2008 - 11:02am

Bombardier Aerospace president Pierre Beaudoin on Tuesday told attendees at a meeting of the Board of Trade of Metropolitan Montreal that he believes the robust market for business jets will continue despite economic fears in the U.S.

January 31, 2008 - 11:02am

Bombardier Aerospace president Pierre Beaudoin on Tuesday told attendees at a meeting of the Board of Trade of Metropolitan Montreal that he believes the robust market for business jets will continue despite economic fears in the U.S.

January 18, 2008 - 8:23am

Early last month, while Bombardier’s Wichita and Canadian business jet production and assembly facilities remained closed during an unprecedented, four-month plant shutdown that started in late December, the aerospace unit revealed that 3,000 employees–10 percent of its worldwide employment force–will be laid off over the next 12 months.

January 18, 2008 - 8:23am

Early last month, while Bombardier’s Wichita and Canadian business jet production and assembly facilities remained closed during an unprecedented, four-month plant shutdown that started in late December, the aerospace unit revealed that 3,000 employees–10 percent of its worldwide employment force–will be laid off over the next 12 months.

 
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