Category: Bombardier Aerospace

Bombardier’s Challenger 350 Aircraft Earns Top Spot as the World’s Most Delivered Super Mid-size Business Jet for the Sixth Consecutive Year

Provided by Bombardier Business Aircraft/Globe Newswire

  • Bombardier delivered 56 Challenger 350 aircraft in 2019, out-delivering competitors in the super mid-size segment
  • Challenger 300series aircraft have accounted for more deliveries than any other business jet platform in the super mid-size segment since 2004
  • With an exceptional cabin, signature smooth ride and the lowest operating costs in its class, the aircraft’s value proposition is unrivalled
  • New features of the aircraft include compact Head-up Display (HUD) and Enhanced Vision System (EVS); class-leading cabin sound-proofing technology;  steep approach certification and performance improvement package

MONTREAL, Feb. 26, 2020 (GLOBE NEWSWIRE) — Bombardier’s leading Challenger 350 business jet has extended its impressive market performance as the world’s most delivered business jet in the super mid-size segment for the last six years. The Challenger 350 aircraft outpaced its competition in 2019, with 56 deliveries and a 44-per-cent share of the super mid-size segment. The award-winning aircraft has consistently ranked as the top-selling aircraft in the super mid-size segment since it entered into service in 2014.

“The Challenger 350 aircraft offers customers the complete package – superior comfort, performance, reliability and value, all in a single business jet. This unbeatable combination is why, year after year, the Challenger 350 business jet continues to top the rankings as the world’s most delivered super mid-size business aircraft and why it remains the preferred choice of flight departments, individuals and charter operators around the world,” said Peter Likoray, Senior Vice President, Worldwide Sales and Marketing, Bombardier Business Aircraft. “It’s a proud record that underscores Bombardier’s commitment to building the most comfortable, best-performing aircraft on the market.”

The Challenger 350 jet boasts class-defining performance, a true seats-full, tanks-full range capability and can connect New York City to London.* Several enhancements have made a great aircraft even greater, including an available compact Head-up Display (HUD) and Enhanced Vision System (EVS), class-leading cabin sound-proofing technology and refined cockpit aesthetics. A performance improvement package also allows the aircraft to fly up to 1,500 NM farther out of short runways, complementing its already impressive steep-approach capability.

This latest success builds upon a tradition of outstanding market leadership for the Challenger 300 aircraft family platform. For more than a decade, the Challenger 300 series aircraft have accounted for more deliveries than any other business jet platform in the super mid-size segment, with almost 800 unit deliveries worldwide since 2004.

In 2019, Robb Report Magazine recognized the Challenger 350 business jet as the Best of the Best super mid-size aircraft for the second year in a row. As the only super mid-size aircraft that can fly full range at full fuel with full seat capacity, the Challenger 350 aircraft offers the luxury of having it all. With its signature smooth ride, exceptional cabin and the lowest operating costs in its class, the Challenger 350 business is in high demand. Its stylish and spacious cabin accommodates up to 10 passengers, features a fully-equipped galley, and unrestricted access to the baggage compartment in flight, while recently enhanced sound-proofing technology further establishes the cabin as the quietest in its class.

Statement – Minister Bains comments on Airbus' increased stake in the A220 aircraft program

Provided by Innovation, Science and Economic Development Canada/CNW

OTTAWA, Feb. 13, 2020 /CNW/ – The Honourable Navdeep Bains, Minister of Innovation, Science and Industry, made the following statement regarding Airbus’ increased stake in the A220 aircraft program.

Air Canada Airbus 220-300

            “Our government has been steadfast in its support for the Canadian aerospace industry and its workers.

            “We welcome any investment in Canada’s vibrant aerospace sector and its skilled workforce. Aerospace is one of the most innovative and export-driven industries in Canada, having contributed over $25 billion in GDP and more than 210,000 jobs to Canada’s economy in 2018.

            “We have been in communication with Bombardier, the Government of Quebec and the CEO of Airbus, and we will continue to engage with all relevant parties to ensure that previous commitments are honoured. We also welcome the announcement of 3,300 jobs being secured in Quebec. This is a recognition of Canada’s world-class aerospace workers and demonstrates a commitment to supporting Canadian expertise and growing this important sector.”

Bombardier Announces Full-Year Financial Results

Provided by Bombardier Inc/CNW

  • Exit of commercial aerospace completed with sale of remaining interest in A220 partnership for ~$600M cash proceeds and the elimination of future investments of ~ $700M(1)
  • Pro Forma(1) cash on-hand of more than $4B, including all previously announced transactions, enhancing financial position
  • Company continuing to actively pursue strategic options to accelerate deleveraging
  • Fourth quarter, and full-year results in line with preliminary results previously announced
  • 2020 consolidated outlook: double-digit organic revenue growth(3) to more than $15B(1)
  • 2020 consolidated adjusted EBITDA margin(2) expected at ~ 7.0%, adjusted EBIT margin(2) expected at ~3.5%(1)
  • 2020 consolidated free cash flow(2) expected to be positive, excluding Residual Value Guarantee (RVG) payments(1)

MONTRÉAL, Feb. 13, 2020 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) today reported its fourth quarter and full year 2019 results, in line with previously announced preliminary results. The company also confirmed it is still actively pursuing options to accelerate deleveraging, strengthen its balance sheet and enhance shareholder value.

Sale of A220 Partnership Interest

Bombardier has entered into an agreement with Airbus SE and the Government of Quebec, under which Bombardier transferred its shares in the Airbus Canada Limited Partnership (ACLP) to Airbus and the Government of Quebec, improving Bombardier’s cash position. This includes cash proceeds of ~$600 million from Airbus, of which $531 million was paid upon closing with the balance to be paid over 2020-21, and the elimination of all future capital requirements for the A220 program, estimated at ~ $700 million.(1)

Bombardier will also transfer aerostructures activities and employees supporting the A220 and A330 in St-Laurent, Québec to Airbus subsidiary Stelia Aerospace. Finally, the agreement provides for the cancelation of 100,000,000 Bombardier warrants owned by Airbus.

Bombardier’s decision to sell its stake in the A220 partnership completes its exit from commercial aerospace, a significant undertaking. In 2016, Bombardier’s commercial aerospace business lost approximately $400 million and was consuming approximately $1 billion in cash. Addressing this challenging portfolio was a fundamental step in the Company’s turnaround plan.

“We are incredibly proud of the many achievements and tremendous impact Bombardier had on the commercial aviation industry,” said Alain Bellemare, President and Chief Executive Officer, Bombardier Inc. “We are equally proud of the responsible way in which we have exited commercial aerospace, preserving jobs and reinforcing the aerospace cluster in Québec and Canada. And, we are confident that the A220 program will enjoy a long and successful run under Airbus’ and Québec’s stewardship.”

Acceleration of Deleveraging Phase of Turnaround

The sale of our interest in the ACLP, combined with the previously announced aerospace divestitures, will generate more than $1.6 billion in cash proceeds and eliminate close to $2 billion in liabilities and future commitments.  Liquidity remains strong, with Pro Forma cash-on-hand of more than $4 billion and $5.5 billion in liquidity, providing the necessary flexibility to complete the turnaround. Both the CRJ program sale to Mitsubishi Heavy Industries, Inc. and sale of the aerostructures business to Spirit AeroSystems, Holding Inc. are expected to close in the first half of 2020.(1)

As previously announced, the Company is actively pursuing options that would allow it to accelerate deleveraging, paydown debt and position the business for long-term success with greater operating and financial flexibility. This process remains ongoing, however the company does not intent to provide any further updates at this time.

Overview Financial Performance

Bombardier’s consolidated revenues for the year were $15.8 billion, highlighted by an 8.5% growth in business aircraft activities. The growth in Aviation revenues were offset by the lower contribution from commercial aircraft businesses following their divestitures. Revenues at Transportation also decreased, mainly due to contract estimate revisions.

Consolidated adjusted EBITDA and adjusted EBIT for the year were $896 million and $470 million, respectively, reflecting (i) improvements at Aviation as it exits underperforming commercial programs and ramps-up production on the Global 7500 aircraft; and (ii) additional charges and investments at Transportation to complete challenging projects. Reported EBIT loss for the year of $498 million includes a $1.6B impairment charge related to the ACLP investment.

Fourth quarter cash generation reached $1.0 billion, reducing free cash flow usage to $1.2 billion for the year.  Higher than anticipated cash usage was driven by additional investments made to address challenging rail projects, as well as, the deferral of deliveries, mainly at Transportation. Cash usage from operating activities amounted to $680 million for the full year.

2020 Outlook

Revenues from our sustaining business aircraft and Transportation activities in 2020 are expected to grow organically by double-digit percentage over the $13.7 billion revenues recorded from these businesses in 2019(1).  This strong growth is driven mainly from the acceleration of Global 7500 deliveries contributing to a total of 160 aircraft or more for the year at Aviation. The consolidated revenue growth is also supported by the ongoing production ramp-up of Transportation, driven by the solid orders from the past few years.

Adjusted EBITDA and adjusted EBIT are expected to increase to approximately 7.0% and 3.5% respectively, mainly from the acceleration of Global 7500 deliveries at Aviation and gradual margin normalization at Transportation. The adjusted EBIT margin expansion includes a higher amortization expense as Global 7500 deliveries increase. The full year outlook for earnings reflects the partial year contribution from ongoing divestitures of the CRJ program and Aerostructures businesses.(1)

Free cash flow is expected to be positive in 2020, excluding Credit and RVG payments. These residual liabilities related to the exit of commercial aircraft are estimated to be approximately $200 million for the year and are expected to be paid from the CRJ transaction proceeds.(1)

Aviation

Stronger Financial Performance as Aviation Reshapes its Portfolio

  • Revenues for Aviation totalled $7.5 billion for 2019. This reflects an 8.5% revenue growth from business aircraft activities and continued double-digit organic growth from aftermarket.
  • The segment achieved 175 aircraft deliveries during the year, comprised of 54 Global, 76 Challenger, 12 Learjet, as well as 33 commercial aircraft.
    °  The fourth quarter’s activity level was high, with deliveries reaching 52 business aircraft as Global 7500 deliveries accelerated.
  • Adjusted EBITDA margin was 10.8% for the year, up 200 bps driven by the exit of the Q400 and C Series programs. This profitability was nonetheless diluted in 2019 by CRJ activities, accounting for $1.2 billion in revenues for the year.
  • The adjusted EBIT margin of 7.1% is up 70 bps year-over-year, reflecting the early production ramp up and higher amortization associated with Global 7500 deliveries, as well as the dilution from commercial aircraft activities.
  • Business aircraft backlog increased slightly for the second consecutive year, reaching $14.4 billion at year end, while the CRJ backlog declined as production winds down.

Concentrating on Business Aircraft while Addressing Underperforming Programs

  • In February 2019, the Corporation acquired the Global 7500 aircraft wing program operations and assets from Triumph Group Inc. This transaction enabled the company to leverage its extensive technical expertise to support the ramp-up of the Global 7500 aircraft and secure its long-term success.
  • In March 2019, we concluded the sale of Business Aircraft’s flight and technical training activities to CAE Inc. for net proceeds of $532 million.
  • In May 2019, we completed the previously announced sale of the Q Series program assets, including aftermarket operations and assets, to De Havilland Aircraft of Canada for net proceeds of $285 million.
  • In June 2019, the Corporation entered into a definitive agreement with Mitsubishi Heavy Industries, Ltd (MHI) for the sale of its regional jet program for a cash consideration of $550 million payable upon closing, and the assumption by MHI of approximately $200 million of liabilities related to credit and residual value guarantees and lease subsidies. The transaction is currently expected to close by mid-year 2020 and remains subject to regulatory approvals and customary closing conditions.
  • In October 2019, the Corporation and Spirit AeroSystems Holding, Inc. (Spirit) announced that they have entered into a definitive agreement, whereby Spirit will acquire Bombardier’s aerostructures activities and aftermarket services operations in Belfast, U.K. and Casablanca, Morocco, and its aerostructures maintenance, repair and overhaul facility in Dallas, U.S. for a cash consideration of $500 million and the assumption of approximately $700 million of liabilities, including government refundable advances and pension obligations. The transaction is expected to close by mid-year 2020 and remains subject to regulatory approvals and customary closing conditions.

Positioned for Growth through certification and ramp up of New Programs and Service Network Expansion

  • Reaching full-scale production of the class-defining Global 7500 aircraft. With increased deliveries, the Global 7500 aircraft is expected to contribute significantly to revenues growth in 2020. As the aircraft progresses on the learning curve, it will also contribute to margin expansion.
  • Certified the new Global 5500 and Global 6500 aircraft, followed by the entry into service of the Global 6500 aircraft in 2019, offering customers the perfect combination of range, speed, field performance and smooth ride.
  • Continued and consistent growth of the aftermarket business, with further expansion of the service network in Singapore planned for 2020.

Link to full press release

Airbus and the Government of Québec become sole owners of the A220 Programme as Bombardier completes its strategic exit from Commercial Aviation

Provided by Bombardier Inc

  • Bombardier transfers its remaining interest in Airbus Canada Limited Partnership (Airbus Canada) to Airbus SE and the Government of Québec
  • Airbus now holds 75 percent of Airbus Canada with the Government of Québec increasing its holding to 25 percent for no cash consideration
  • Bombardier work packages for the A220 and A330 will be transferred to Airbus, through its subsidiary Stelia Aerospace, securing 360 jobs in Québec
  • Bombardier will receive US$591M, net of adjustments, of which US$531M was received at closing, and is released of its future funding capital requirement to Airbus Canada
  • Over 3,300 Airbus jobs secured in Québec

AMSTERDAM, Netherlands and MONTREAL, Feb. 13, 2020 (GLOBE NEWSWIRE) — Airbus SE (EPA: AIR), the Government of Québec and  Bombardier Inc. (TSX: BBD.B) have agreed upon a new ownership structure for the A220 programme, whereby Bombardier transferred its remaining shares in Airbus Canada Limited Partnership (Airbus Canada) to Airbus and the Government of Québec. The transaction is effective immediately.

This agreement brings the shareholdings in Airbus Canada, responsible for the A220, to 75 percent for Airbus and 25 percent for the Government of Québec respectively. The Government’s stake is redeemable by Airbus in 2026 – three years later than before. As part of this transaction, Airbus, via its wholly owned subsidiary Stelia Aerospace, has also acquired the A220 and A330 work package production capabilities from Bombardier in Saint-Laurent, Québec.

This new agreement underlines the commitment of Airbus and the Government of Québec to the A220 programme during this phase of continuous ramp-up and increasing customer demand. Since Airbus took majority ownership of the A220 programme on July 1, 2018, total cumulative net orders for the aircraft have increased by 64 percent to 658 units at the end of January 2020.

“This agreement with Bombardier and the Government of Québec demonstrates our support and commitment to the A220 and Airbus in Canada. Furthermore it extends our trustful partnership with the Government of Québec. This is good news for our customers and employees as well as for the Québec and Canadian aerospace industry,” said Airbus Chief Executive Officer Guillaume Faury. “I would like to sincerely thank Bombardier for the strong collaboration during our partnership. We are committed to this fantastic aircraft programme and we are aligned with the Government of Québec in our ambition to bring long-term visibility to the Québec and Canadian aerospace industry.”

“I am proud that our government was able to reach this agreement. We have succeeded in protecting paying jobs and the exceptional expertise developed in Québec, despite the major challenges we faced in this regard when we took office. We have consolidated the government’s position in the partnership, while respecting our commitment not to reinvest in the program. By opting to strengthen its presence here, Airbus has chosen to focus on our talents and our creativity. The decision of an industrial giant like Airbus to invest more in Québec will help attract other world-class prime contractors,” the Premier of Québec, François Legault, stated.

“This agreement is excellent news for Québec and its aerospace industry. The A220 partnership is now well established and will continue to grow in Québec. The agreement will allow Bombardier to improve its financial situation and Airbus to increase its presence and footprint in Québec. It’s a win–win situation for both the private partners and the industry,” pointed out Pierre Fitzgibbon, Minister of the Economy and Innovation.

With this transaction, Bombardier will receive a consideration of $591M from Airbus, net of adjustments, of which $531M was received at closing and $60M to be paid over the 2020-21 period. The agreement also provides for the cancellation of Bombardier warrants owned by Airbus, as well as releasing Bombardier of its future funding capital requirement to Airbus Canada.

“This transaction supports our efforts to address our capital structure and completes our strategic exit from commercial aerospace,” said Alain Bellemare, President and CEO Bombardier, Inc.  “We are incredibly proud of the many achievements and tremendous impact Bombardier had on the commercial aviation industry.  We are equally proud of the responsible way in which we have exited commercial aerospace, preserving jobs and reinforcing the aerospace cluster in Québec and Canada.  We are confident that the A220 program will enjoy a long and successful run under Airbus’ and the Government of Québec’s stewardship.”

The single aisle market is a key growth driver, representing 70 percent of the expected global future demand for aircraft. Ranging from 100 to 150 seats, the A220 is highly complementary to Airbus’ existing single aisle aircraft portfolio, which focuses on the higher end of the single-aisle business (150-240 seats).

As part of the agreement, Airbus has acquired the Airbus A220 and A330 work package production capability from Bombardier in Saint-Laurent, Québec. These production activities will be operated in the Saint Laurent site by Stelia Aéronautique Saint Laurent Inc., a newly created subsidiary of Stelia Aerospace, which is a 100 percent Airbus subsidiary.

Stelia Aéronautique Saint-Laurent will continue the production of the A220 cockpit and aft fuselage production, as well as A330 workpackages, for a transition period of approximately three years at the Saint-Laurent facility. A220 workpackages will then be transferred to the Stelia Aerospace site in Mirabel to optimize the logistical flow to the A220 Final Assembly Line also located in Mirabel. Airbus plans to offer all current Bombardier employees working on the A220 and A330 work packages at Saint-Laurent opportunities around the A220 programme’s ramp-up, ensuring know-how retention as well as business continuity and growth in Québec.

At the end of January 2020, 107 A220 aircraft were flying with seven customers on four continents. In 2019 alone, Airbus delivered 48 A220s, with the further ramp-up to be continued.

For more information about A220-Family

Bombardier exits commercial aviation as Airbus, Quebec take remaining A220 stake

News provided by The Globe and Mail – link to full story and updates

Bombardier Inc. is pulling out of its joint venture with Airbus SE in a bid to save cash, closing the book on its failed big-league commercial aerospace ambitions as it reported a US$1.7-billion net loss for its latest quarter.

The Montreal-based multinational, which is working to sell one of its two big business units to fix an over-extended balance sheet, said Thursday it will exit a venture known as Airbus Canada Limited Partnership that builds the European plane maker’s A220 single-aisle jet.

The plane is the former C Series airliner developed by Bombardier at a cost of more than US$6-billion.

Airbus will pay Bombardier about US$600-million to increase its share in the venture to 75 per cent from just over 50 per cent and relieve Bombardier of further capital commitments in the program worth US$700-million, the companies said in a statement Thursday. The Quebec government will boost its share in the venture to 25 per cent from about 16 per cent for no cash consideration.

“This makes life easier for Airbus,” said Addison Schonland, an analyst at boutique aerospace consultancy AirInsight. “[Now they have] only one partner to consider.”

Investors and analysts had been anticipating the move after Bombardier issued a profit warning last month and said it was reassessing its ongoing participation in the venture amid the prospect of a delayed break-even timeline and lower returns.

The agreement, which takes effect immediately, brings to an end Bombardier’s involvement in commercial aerospace. It also marks a bitter end for the company’s effort to break the global commercial airliner duopoly held by Airbus and Boeing with the C Series.

The C Series, a single-aisle plane seating 100 to 150 people, was years late to market as well as over-budget and Bombardier misjudged how aggressive its rivals would be in trying to undermine its success. The effort left Bombardier hamstrung with more than US$9-billion in long-term debt that has triggered its slow breakup.

Over the past five years under Chief Executive Alain Bellemare, Bombardier has sold its waterbomber business, its Q400 turboprop unit, its CRJ regional jet franchise and its flight training business among other assets. Most important, it handed control of its cutting-edge C-Series airliner, now rebaptized the A220, to Airbus for a nominal sum in 2018.

The A220 is being hailed by operators and travellers alike for its quiet operation, fuel efficiency and cabin features. Since taking over the jet program, Airbus has generated cumulative orders of 658 units for the plane as of the end of January, 2020.

In recent weeks, Airbus asked Bombardier and Quebec, the third partner in the venture, to put more money into the partnership to fund a production increase. In the end, Bombardier decided it was unwilling to given its cash flow issues.

The agreement with Airbus is a largely a win for the government of Premier François Legault, who manage to secure more than 3,300 aerospace jobs in the province and protect its previous US$1-billion investment in the A220 venture. Although Quebec does not have to pay to increase its stake, it is understood to be responsible with Airbus for future funding for the program.

As part of the deal, Airbus has bought Bombardier’s work package production capability on the Airbus A220 and A330 jets. Airbus can buy out Quebec’s share in 2026, three years later than originally planned.

The announcement came as Bombardier reported a US$1.7-billion net loss for the fourth quarter of fiscal 2019 on revenue of US$4.2-billion. The company is struggling to complete several major rail contracts and has absorbed cost overruns and late-delivery penalties that have sucked up cash.

Nevertheless, the manufacturer said Thursday it has enough financial flexibility to complete its turnaround. It said it has pro forma cash on hand of more than US$4-billion and US$5.5-billion in liquidity.

The company is running simultaneous sets of talks in Europe and North America on selling either its rail or luxury-jet unit, according to information gathered by The Globe and Mail. Discussions have been held with France’s Alstom SA and Japan’s Hitachi on the train side and U.S. conglomerate Textron Inc. and private equity giant Carlyle Group on the plane side, sources confirmed.

The company has confirmed only that it is pursuing options that would allow it to pay down debt and fix its capital structure. It said Thursday the process remains ongoing but provided no update.

Bombardier nears deal to sell stake in Airbus A220 program

News provided by the Toronto Star – link to full story and updates

By Brendan Case, Bloomberg Fri., Feb. 7, 2020

Air Canada Airbus 220-300

Bombardier Inc.’s ill-fated foray into building jetliners may be nearing an end, and investors are applauding.

The company is in advanced talks to sell its stake in Airbus SE’s A220 program to the European aerospace giant, the Wall Street Journal reported Friday.

A deal for Bombardier’s 34 per cent holding in the venture could be reached as early as next week, the newspaper said, citing people familiar with the matter.

Quebec, which owns 16 per cent of the program, would retain its stake.

Walking away from the A220 would close the book on Bombardier’s involvement in an aircraft program in which the company invested more than $6 billion (U.S.) amid a series of development delays and cost overruns.

Bombardier, creaking under heavy debt and struggling to sell the all-new single-aisle plane, ceded control of the program to Airbus in 2018 while retaining a minority participation.

Financial terms of the Airbus-Bombardier deal couldn’t be learned, the Journal said.

The talks could still fall apart and the outlines of any agreements could change, the newspaper said.

Both companies are scheduled to report earnings Feb. 13.

Bombardier climbed 4.5 per cent to $1.49 (Canadian) at 3:34 p.m. in Toronto, reversing losses after the Journal’s story.

A sale of the company’s stake in the A220, which was originally known as the C Series, would also be a milestone for cash-strapped Bombardier as it weighs selling other key businesses in a potentially far-reaching revamp. Saddled with a $10-billion (U.S.) debt load, the Montreal-based company has held talks to combine its rail-equipment operation with France’s Alstom SA. It’s also exploring a sale of its private-jet unit to Textron Inc., the Journal reported earlier this week.Get more business in your inboxGet the business news and analysis that matters most every morning in our Star Business email newsletter.

Bombardier Strengthens Customer Support Network in Europe with London Biggin Hill Service Centre Expansion

Provided by Bombardier Business Aircraft/Globe Newswire

  • Expansion at Bombardier’s London Biggin Hill service centre will double the facility’s footprint to nearly 250,000 square feet
  • Increased capacity will benefit more operators of Bombardier business aircraft, including the new Global 7500 jet

LONDON BIGGIN HILL AIRPORT, Feb. 05, 2020 (GLOBE NEWSWIRE) — Bombardier proudly announced today the expansion of its London Biggin Hill service centre with the construction of a new and larger facility nearing 250,000 square feet (approximately 23,225 square metres) to replace its existing hangars. Scheduled to be operational by mid-2022, the new service centre will provide customers in the region with extended maintenance support and reinforce Bombardier’s customer service experience in Europe.

Expansion of Bombardier’s London Biggin Hill service centre

The facility will provide the space and flexibility to offer a full range of maintenance and refurbishment services on Bombardier’s vast portfolio of products, and has the capacity to accommodate as many as 14 Global 7500 aircraft at the same time. The expansion will introduce sought-after capabilities and state-of-the-art installations, such as component painting and interior refurbishment capabilities, component repair and overhaul workshops and training rooms. The site will also ensure a quick response to its customers’ repair needs with the integration of a brand-new parts depot. Over the next several years, this significant expansion will bring the facility’s workforce to more than 250 employees and beyond to meet expanding demand.

“With the expansion of the London Biggin Hill service centre, Bombardier is taking another step in showing its unwavering commitment to providing customers with industry-leading services on a global scale, and the OEM expertise they rightfully deserve,” said Jean-Christophe Gallagher, Vice President and General Manager, Customer Experience, Bombardier Aviation. “Europe continues to be a strong market for business aviation, and we’re glad to show our commitment to our customers with this important investment in the region.”

Bombardier’s London Biggin Hill service centre was inaugurated in 2017 and offers tip-to-tail heavy maintenance capabilities on Learjet, Challenger and Global families of aircraft. The site is fully equipped to perform scheduled and unscheduled maintenance, modifications and avionics installations, and paint repair services. In 2019, the service centre added enhanced interior repair and refurbishment activities.

“The expansion of Bombardier’s service centre and the enhancement of its service and maintenance capabilities is a testament to the dynamism and attractiveness of the Biggin Hill Airport,” said Robert Walters, Commercial Director of London Biggin Hill Airport. “Bombardier has been a tremendous partner and, with this announcement, demonstrates its strong commitment to the continued growth of our world-class aviation hub.”

This expansion comes on the heels of numerous announcements in Bombardier’s vast support network, including the announcements of a new service centre at Miami-Opa Locka Executive Airport and of an expanded Singapore service centre, the recent addition of two U.S. line maintenance stations in Teterboro and Van Nuys, and the expansion of the Mobile Response Team (MRT) with a new Challenger 300 aircraft based in Munich, Germany.

Bombardier reportedly in talks to sell business-jet unit to Textron

Provided by The Globe and Mail – link to full story and updates

REUTERS PUBLISHED FEBRUARY 4, 2020

Workers apply a Rolls Royce decal to the engine of a Bombardier Global 6500 business jet at the Bombardier booth at the National Business Aviation Association exhibition in Las Vegas on Oct. 21, 2019.DAVID BECKER/REUTERS

Bombardier Inc. is in talks to sell its business-jet unit to the U.S. maker of Cessna jets, Textron Inc., The Wall Street Journal reported, citing people familiar with the matter.

The move will help the struggling Canadian train and plane maker to pare billions of dollars in debt, the report said.

Bombardier’s shares have plunged more than 30 per cent so far this year. On Jan. 16, the company flagged a 2019 profit warning, citing problematic rail contracts, and warned of a potential writedown in the value of a plane partnership with European plane maker Airbus.

Bombardier declined comment on the WSJ report, but a source familiar with the company’s thinking told Reuters it was holding talks over both rail and aviation assets to keep all its options open.

Acquiring Bombardier’s business jet unit would add the Global series of large-cabin aircraft to Textron’s portfolio, which mostly makes small- and medium-sized corporate planes.

Analysts have said that a deal would expand the U.S. company’s aircraft offerings, allowing it to offer a complete family of jets to a wider range of customers.

Textron declined to comment. Shares of the company rose more than 9 per cent, while those of Bombardier’s were up more than 10 per cent.

Bombardier Sells Two Learjet 75 Liberty Aircraft for Dedicated Medevac Service in Poland

Provided by Bombardier Inc/Globe Newswire

  • Aircraft sold to U.S.-based Fargo Jet Center, which will convert spacious interior into cutting-edge medevac suite
  • Bombardier’s newest Learjet aircraft, the Learjet 75 Liberty, delivers best-in-class speed and range and the smoothest ride at an exceptional value
  • Learjet aircraft have a proud history of service in medevac configuration, with room for up to three stretchers and adherence to more stringent safety standards than other light jets
  • U.S.-based Spectrum Aeromed will supply air medical equipment

MONTREAL, Jan. 31, 2020 (GLOBE NEWSWIRE) — Bombardier is proud to announce the sale of two Learjet 75 Liberty aircraft to North Dakota-based Fargo Jet Center (FJC). The aircraft are to be converted to dedicated medevac configuration and delivered to air ambulance service provider Lotnicze Pogotowie Ratunkowe (LPR), based in Warsaw, Poland.

Following an extensive international competitive tender, LPR selected the Learjet 75 Liberty aircraft, with FJC’s proposed medevac interior, to serve its expanding operations.

Bombardier will enter its newest Learjet aircraft, the Learjet 75 Liberty, into service this year. This spacious and powerful light jet features a next-generation flight deck and optimized operating costs, with enough range to reach any European destination nonstop out of Warsaw.*

“The Learjet 75 Liberty aircraft, with its best-in-class spaciousness, speed and range, is an excellent choice for medevac missions,” said Stéphane Leroy, Vice President, Sales, Bombardier Specialized Aircraft. “Learjet aircraft have long been a trusted platform for all types of special missions, and the Learjet 75 Liberty aircraft gives operators even more reasons to choose the world’s best light jet.”

The Learjet 75 Liberty aircraft adheres to more stringent safety standards than most light jets, meeting the same rigorous certification requirements as commercial aircraft, for the ultimate peace of mind on emergency medical service (EMS) missions.

Fargo Jet Center has extensive experience converting aircraft interiors for medevac use. FJC is expected to take delivery of the Learjet 75 Liberty aircraft from Bombardier in late-2020, then deliver the converted EMS aircraft to LPR in Poland in 2021. Spectrum Aeromed, also based in Fargo, has been selected as the air medical equipment provider on the project. The Spectrum Aeromed team will contribute to a highly customized, state-of-the-art dedicated air ambulance interior for the two Learjet 75 Liberty aircraft.

“It is a pleasure to be working with Bombardier, LPR and Spectrum Aeromed to develop one of the most capable light jet EMS aircraft in the world today,” said Patrick Sweeney, CEO, Fargo Jet Center.  “Our team brings a unique skill set to this project through our extensive history in modifying aircraft for special missions. From initial conception to design, fabrication and installation, our experts will transform the interior of the Learjet 75 Liberty aircraft to meet LPR’s specifications.”

In operation since 2000, Lotnicze Pogotowie Ratunkowe provides 24/7 air ambulance services throughout Poland via a fleet of 27 rotary wing and two turboprop aircraft. The addition of the Learjet platform will mark the expansion of LPR’s operations to include jet aircraft.

“The acquisition of the new Learjet 75 Liberty aircraft fits perfectly into our strategic plans for growth in Poland and will provide the necessary combination of speed and range to drive the expansion of our operational capabilities and EMS transport availability into international operations,” said Wojciech Wozniczka, LPR Director of key project management.

With a flat floor and the longest cabin in its class, the Learjet 75 Liberty aircraft is ideal for EMS conversion. It has room to accommodate up to three stretchers and sophisticated medical equipment, as well as seating for medical staff. The Learjet 75 Liberty aircraft also has the smoothest ride among light jets, which on EMS missions adds to the comfort of patients receiving care.

The Learjet 75 Liberty aircraft delivers superior performance at an exceptional value proposition, for the same operating costs as those of competitor aircraft that offer less. The Learjet 75 Liberty aircraft is the fastest aircraft in the light jet segment with longer range than the competition. With its range of 2,080 nautical miles, out of Warsaw this aircraft can reach all of Europe, including Iceland, and beyond into Northern Africa, Russia and the Middle East.

In civilian configuration, the Learjet 75 Liberty aircraft features a six-seat layout that gives light jet passengers unprecedented freedom to stretch out. A standard pocket door delivers a quiet flight, while retractable side tables and stowable ottomans ensure productivity and comfort.

Fresh Quebec cash injection in A220 program is ‘out of the question,’ Legault says

News provided by the Montreal Gazette – link to full story and updates

Quebec has no appetite for a fresh cash injection in the joint venture that builds the A220 jetliner, Premier François Legault said.

FRÉDÉRIC TOMESCO Updated: January 29, 2020

Quebec has no appetite for a fresh cash injection in the Airbus SE-led joint venture that builds the A220 jetliner at the former Bombardier Inc. factory in Mirabel, Premier François Legault said.

“It’s out of the question that we invest in this division,” Legault told reporters in Quebec City. He once again criticized the decision made by former Liberal premier Philippe Couillard to plough money into the aircraft program — formerly known as the C Series — instead of buying a stake in Bombardier.

Legault spoke a day after Economy Minister Pierre Fitzgibbon said Quebec was working with the companies to find ways of preserving aerospace jobs as well as the province’s US$1-billion investment in the A220. Fitzgibbon said he was hopeful of reaching a deal within about 10 days.

Bombardier is reassessing its ongoing involvement in the A220 venture. It vowed two weeks ago to disclose the amount of any write-down connected with the partnership when it reports financial results next month.

Quebec will need to write down the value of its own investment in the program, Legault said. He wouldn’t provide a figure, saying the government is still crunching the numbers.

In the meantime, Quebec is “following the file very closely,” the premier added. “We’re talking with the company, we’re talking with the Caisse de dépôt, we’re talking with eventual partners.”

With files from the Montreal Gazette’s Philip Authier