Bombardier Increases Maintenance and Repair Capacity at its Le Bourget Line Maintenance Station

  • Located at a major hub, Le Bourget LMS has added technicians and more than 30,000 sq. ft. (3,000 square metres) of hangar space
  • Capacity for light scheduled and unscheduled maintenance as well as MRT reach and response times increased
  • Expansion is another step in the company’s drive to bring best-in-class OEM service, parts and know-how closer to its customers

GENEVA, May 24, 2022 (GLOBE NEWSWIRE) — Bombardier today announced it has expanded its Line Maintenance Station (LMS) at Le Bourget Airport near Paris to increase its maintenance and repair services for European customers. The facility is strategically located at one of Europe’s busiest airports for business aviation and the expansion is another step in the company’s drive to lead the industry in aftermarket services by bringing best-in-class OEM service, parts and know-how closer to its customers.

Bombardier recently boosted its workforce at the Le Bourget LMS, established in 2018, and has added more than 30,000 sq. ft. (3,000 square metres) of hangar space, capable of accommodating up to three Global 7500 aircraft at one time or as many as six Learjet or Challenger aircraft at a time. The expansion has increased the slots available for light scheduled maintenance as well as unscheduled and aircraft-on-ground (AOG) maintenance and parking services currently provided by the LMS. The additional space and technicians are poised to enhance the reach and response time of Bombardier’s locally stationed Mobile Response Team (MRT). Near term plans also include the addition of wheel and battery shop maintenance services.

“As we actively grow our worldwide service footprint, we are creating more and more opportunities for our business jet customers to leverage Bombardier’s high-level OEM capabilities in the form of expertise, infrastructure and connected aircraft technology to deliver the most complete response to their maintenance needs,” said Anthony Cox, Vice President, Customer Support, Bombardier. “Our supplemental light and line maintenance capabilities and parking solution at this strategic location complement our existing heavy maintenance offerings in Berlin and London and ensure customers of our already-popular Le Bourget LMS can benefit right now from access to a broader range of top-tier options in the region.”

The Le Bourget facility is certified for the Learjet 60 and Learjet 75 aircraft, as well as Challenger and Global series business jets, including Bombardier’s flagship Global 7500 and its new, award-winning Challenger 3500 aircraft.

The growing number of Learjet, Challenger and Global business jet customers in the region are well served by Bombardier’s seven European LMSs and numerous authorized service facilities (ASFs), as well as the tip-to-tail heavy maintenance services provided by Bombardier service centres at Berlin Brandenburg Airport and at London Biggin Hill Airport. Other line maintenance stations in the region are located in London Luton, UK, Linz, Austria, Nice and Cannes, France, and Milan and Olbia, Italy.

About Bombardier
Bombardier is a global leader in aviation, focused on designing, manufacturing and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. Bombardier aircraft are also trusted around the world in special-mission roles.

Headquartered in Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China and an Australian facility opening in 2022.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com. Follow us on Twitter @Bombardier.

Bombardier Reports First Quarter 2022 Results, Grows Backlog by $1.3 Billion, Meaningfully Expands Profit Margins, and Delivers Fourth Consecutive Quarterly Positive Free Cash Flow in Continued Progress Towards Long-term Objectives

  • Revenues of $1.2 billion reflect strong aftermarket performance and 21 aircraft deliveries, well on track towards full year guidance of more than 120 deliveries.
  • Adjusted EBITDA(1) rose to $167 million, a 36% year-over-year improvement fueled by Global 7500 margin expansion, execution of cost reduction plan and higher contributions from aftermarket. First quarter reported EBIT from continuing operations was $85 million.
  • Strong free cash flow(1) generation of $173 million from continuing operations represents an improvement of $578 million year-over-year and tracks ahead of plan, driven by strong order intake, reduction in interest paid and earnings growth. Adjusted liquidity(1) stands strong at $1.8 billion. Reported cash flows from operating activities for the quarter was $217 million and net additions to PP&E and intangible assets for the quarter were $44 million. Cash and cash equivalents as at March 31, 2022 were $1.4 billion.
  • First quarter unit book-to-bill(2) of 2.5 and backlog rose by $1.3 billion to $13.5 billion since the beginning of 2022, a reflection of continued strong order intake.

All amounts in this press release are in U.S. dollars, unless otherwise indicated.
Amounts in tables are in millions, unless otherwise indicated.

MONTRÉAL, May 05, 2022 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) announced today solid financial results for the first quarter of 2022, marked by a strong aftermarket performance, robust free cash flow generation and a growing backlog.

“We took off quickly this year, bolstered by the positive performance from last year and sustained favourable market conditions,” said Éric Martel, President and Chief Executive Officer. “Thanks to continued strong deliveries and order intake, as well as great performance of our aftermarket services, we continue to accelerate our momentum on the path towards our long-term objectives.”

First Quarter 2022 Financial Performance

With its strong portfolio of world-leading jets and an expanding service network, Bombardier is uniquely positioned to capitalize on the demand for both new jets and services. This strength supported consolidated cash generation of $173 million for the first quarter of 2022, which represents a $578 million improvement compared to the same quarter last year. “I am particularly pleased with the continued robust free cash flow generation we achieved in this quarter. This is a testament to the concerted efforts of our sales team that worked diligently to make the most of vigorous demand, and secured a very strong order intake,” Martel said. “While we are clearly tracking well to our free cash flow guidance for 2022, we are opting to take a few months to measure the impact of the current global geopolitical and market contexts to carefully assess the true size of any potential upside.”

Bombardier’s revenues from business jet sales and aftermarket services totaled $1.2 billion during the first quarter of 2022 as business jet utilization and flight hours continued to rise around the world. The company delivered a total of 21 aircraft in the first quarter of 2022. Bombardier also reported record aftermarket revenues, a ~34% improvement over the same quarter last year. The strong demand was reflected also in the 2.5 unit book-to-bill ratio and a growing backlog that rose by $1.3 billion to $13.5 billion since the beginning of 2022.

In terms of profit, the company expanded its year-over-year adjusted EBITDA margin(3) by 420 basis points to reach 13.4%. Adjusted EBITDA(1) was at $167 million, a 36% improvement over the same quarter last year, thanks mainly to higher aftermarket revenues, incremental Global 7500 contribution and cost structure improvements. The EBIT from continuing operations was $85 million.

Major Step in Debt Reduction

During the first quarter of 2022, Bombardier completed the partial redemption of outstanding Senior Notes in the total value of $400 million, a major milestone in its deleveraging strategy. Bombardier was able to repay this debt by utilizing cash and cash equivalents generated in 2021. Continued deleveraging of the business remains a priority for Bombardier. “It is clear that we have meaningful cash generation potential ahead of us that we can continue to allocate towards debt reduction, but also significant strategic investments,” emphasized Martel.

Global 7500 Milestone

The company concluded the first quarter of 2022 with a landmark achievement for the industry flagship Global 7500. On March 30, 2022 it delivered the 100th Global 7500 to long-time client VistaJet. This is the 10th Global 7500 for VistaJet, which plans to welcome up to a total of 17 into its fleet by the end of 2022. “This delivery represented an extremely important moment for all of us at Bombardier, in Montréal, Toronto and Wichita, where our extraordinary teams are designing, building and testing this amazing aircraft,” said Martel. “We also celebrated the fact that we have now reached our targeted unit cost for this aircraft, which has been rapidly growing its EBITDA contribution over the last year and will see its margins more than double between 2021 and 2025.”

About Bombardier

Bombardier is a global leader in aviation, focused on designing, manufacturing and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. Bombardier aircraft are also trusted around the world in special-mission roles.

Headquartered in Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China and an Australian facility opening in 2022.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com

Bombardier Honoured for Technological Innovation by Quebec’s Most Prestigious Business Awards Program

  • Bombardier’s groundbreaking Smart Link Plus connected aircraft program wins 2022 Mercuriades award
  • Bombardier’s ongoing investments in innovation and homegrown talent have contributed to the strength of the Canadian aerospace industry and a culture of technological excellence

MONTREAL, May 03, 2022 (GLOBE NEWSWIRE) — Bombardier today announced it has earned a top prize for technical innovation in the 2022 Les Mercuriades competition, Quebec’s most prestigious business awards program sponsored annually by the Federation of Quebec Chamber of Commerce (Fédération des chambres de commerce du Québec, FCCQ). Bombardier received the honour in the Technological Innovation (large corporations) category for advancements in its groundbreaking Smart Link Plus connected aircraft program. The 2022 winners were announced at a gala in Montréal on May 2.

Bombardier’s Smart Link Plus program is an advanced aircraft health monitoring system capable of interpreting real-time flight systems data and generating alerts while an aircraft is in flight as well as on the ground. Access to this previously untapped data allows flight and maintenance crews to prioritize aircraft service needs and proactively dispatch, troubleshoot and track fixes, and substantially minimize costly aircraft downtime. Proactive alerts generated via Smart Link Plus enable Bombardier’s customer service network to speed up response times and resolve issues more effectively.

“We are delighted to have this prestigious recognition of our transformative Smart Link Plus technology,” said Jean-Christophe Gallagher, Bombardier’s Executive Vice President, Customer Services and Support and Corporate Strategy. “At Bombardier, our strong focus on innovation, coupled with our homegrown talent continue to pioneer industry breakthroughs and contribute to the strength of the Canadian aerospace industry on the international stage as well as to the culture of technological excellence in Québec.”

The heart of the program is the Smart Link Plus box – an advanced Health Monitoring Unit (HMU) “smart” box capable of generating key data for customers, enabling them to increase the operational efficiency of their aircraft and minimize return-to-service times through data-driven decisions.

With a view to offering the system as a retrofit for its in-service aircraft and to eventually sharing decision-critical information across the company’s entire worldwide fleet, Bombardier collaborated with GE Aviation unit to develop the Smart Link Plus monitoring hardware. At the same time, Bombardier engineers focused on integrating the hardware with the aircraft’s systems and on identifying key maintenance indicators. The program’s third component, the Bombardier-exclusive user-friendly myMaintenance application, launched in August 2021, allows operators to display and interpret these indicators on any personal electronic device from virtually anywhere.

Currently, more than 97% of operators of production Global 7500 aircraft equipped with the hardware are subscribed to Smart Link Plus services. The hardware has been recently certified for aftermarket installation on most of the company’s in-service Challenger and Global aircraft models and has been introduced as a baseline equipment in the new Challenger 3500 aircraft.

To facilitate wider adoption, Bombardier is offering Smart Link Plus hardware to customers free of charge, with installation and subscription fees extra. Moreover, the company is already working to expand the capabilities of the program. Bombardier is collaborating with Canada’s AI super-cluster, Scale AI, and leveraging Quebec-based expertise to develop predictive analytics capable of leveraging fleet-wide information for predictive maintenance and further advance its connected aircraft concept.

Smart Link Plus is far more than a simple evolution of service,” added Gallagher. “It represents a quantum leap in our customers’ ability to predict and manage unscheduled maintenance events and provides a whole new level of peace of mind, predictability and responsiveness.”

About Bombardier
Bombardier is a global leader in aviation, focused on designing, manufacturing and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. Bombardier aircraft are also trusted around the world in special-mission roles.

Headquartered in Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China and an Australian facility opening in 2022.

Bombardier Begins New Era in Wichita

  • Bombardier designates Wichita site as its new U.S. Headquarters
  • Bombardier Defense launched as evolution of Specialized Aircraft division
  • Additional firm orders confirmed for Global 6000 jets as part of the United States Air Force (USAF) Battlefield Airborne Communications Node (BACN) program
  • U.S. Headquarters in Wichita includes growing service centre and expert flight test centre
  • Bombardier is engaged in active recruitment with a strong commitment to further job creation and diversification in Wichita

Bombardier announced today that its Wichita facility is designated as its new U.S. Headquarters, underscoring the site’s growth and multi-disciplinary expertise. The company said the decision to locate its U.S. Headquarters in Wichita was a logical choice given the site’s deep-rooted history in aviation, the tremendous opportunities for growth in the maintenance, repair and overhaul (MRO) and defense sectors, and its strong and talented workforce. The new U.S. Headquarters is a key pillar in Bombardier’s long-term strategy for its presence and growth in the U.S.

Bombardier’s footprint in Wichita includes an expanding service centre that supports Bombardier’s entire family of LearjetChallenger and Global business jets. The site also continues to operate one of the world’s leading flight test centres that performs testing and certification of aircraft upgrades on all new Bombardier aircraft programs, including the ongoing certification campaign for the Challenger 3500 jet.

Wichita is also home to the newly renamed Bombardier Defense, reflecting the company’s strategic expansion of its existing Specialized Aircraft division. The expanding defense market is a key area of growth for the company. With the reinvented Bombardier Defense, led by Steve Patrick – Vice President Bombardier Defense, the company will leverage Original Equipment Manufacturer (OEM) design, manufacturing and certification expertise to provide agile, innovative solutions hosted on Bombardier’s class leading aircraft platforms. This centre of excellence for defense applications, technology and innovation fully leverages the Wichita workforce and local industry.

Bombardier Defense today also confirmed additional firm orders for modified versions of its Global 6000 aircraft, as part of a potential $465 million USD order from the United States Air Force (USAF) in support of the Battlefield Airborne Communications Node (BACN) program. Last year, Bombardier was awarded the sole-source engineering and modification Indefinite Delivery Indefinite Quantity (ID/IQ) contract from the USAF to modify up to six Global 6000 business jets to become E11-A BACN platforms. Bombardier Defense will continue to leverage Wichita’s highly reputed expertise to provide in-service support and upgrades to the USAF’s expanding BACN fleet, underscoring Bombardier’s status as a key U.S. aerospace employer.

“Wichita was the obvious choice as the home of Bombardier’s new U.S. Headquarters and Bombardier Defense,” said Éric Martel, President and CEO, Bombardier. “For more than 60 years, the established skills and expertise from the Air Capital of the World is second to none, and this latest confirmation from the United States Air Force is a testament to the confidence they have in our aircraft and importantly, in the strength of our people in Wichita.”

With the announcement of Wichita as the company’s U.S. Headquarters, Bombardier also announced today that Tonya Sudduth, former Vice President of Operations, Wichita site, has accepted the newly created role of Head of U.S. Strategy. Based in Wichita, Tonya Sudduth will lead Bombardier’s U.S. strategy, leveraging her extensive knowledge and rich aerospace experience to build strong relationships with key stakeholders in the community, government and industry to further strengthen and grow Bombardier’s presence across all its sites in the U.S.

Bombardier continues to grow its footprint in the U.S. and in Wichita. The company has harnessed the high-level know-how of the teams in Wichita and doubled the size of its service center workforce to meet existing and anticipated demand. From three hangars just four years ago, Bombardier’s Wichita service centre has expanded to include seven hangars today, offering LearjetChallenger and Global aircraft operators exceptional original equipment manufacturer (OEM) value and customer experience. Bombardier Defense also benefits from dedicated hangars to meet growing demand.

Between Bombardier’s service centre, flight test center and Bombardier Defense, the company is actively recruiting to immediately fill more than 180 jobs in Wichita and close to 500 jobs across the U.S. To that end, Bombardier’s U.S Headquarters will host an open house on April 23, 2022 for employees and invited guests to showcase the site’s expansive facilities and for job applicants to meet with recruiters.

About Bombardier

Bombardier is a global leader in aviation, focused on designing, manufacturing and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. Bombardier aircraft are also trusted around the world in special-mission roles.

Headquartered in Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China and an Australian facility opening in 2022.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com.

Bombardier’s Newly Launched Challenger 3500 Jet Wins Top International Award for Excellence in Product Design

  • Bombardier’s Challenger 3500 business jet earns “Best of the Best” honor from the 2022 Red Dot Award: Product Design
  • New aircraft offers innovative technology features from cockpit to cabin that further define the Challenger’s leadership status
  • The Challenger 3500 aircraft is already setting the standard as the industry’s leading super mid-size business jet
Bombardier wins the 2022 Red Dot Award for Product Design

Bombardier is pleased to announce that its newest business jet, the Challenger 3500 aircraft, has been honoured with the distinction “Red Dot: Best of the Best” in the Red Dot Award: Product Design 2022. The prestigious Red Dot Award is one of the most sought-after international recognitions for design and innovation excellence.  

The Red Dot: Best of the Best is awarded for ground-breaking design and is the highest award in the competition, reserved for the best products in a given category. The award is a testament to Bombardier’s successful Challenger platform and is representative of the company’s innovative spirit and approach to continuous improvement. The Challenger 3500 business jet was recognized as Red Dot: Best of the Best in the Trains and Planes category.

“Bombardier’s design teams are true masters of their craft and I am proud that their work on the Challenger 3500 jet was recognized by the Red Dot jury for belonging to the best in its category,” said Éric Martel, President and Chief Executive Officer, Bombardier. “The Challenger aircraft platform has always delivered impressive performance, consistent reliability and a smooth ride, and I’m thrilled that the new interior design and technological features elevating the aircraft’s cabin experience have been acknowledged by this prestigious award.”

Bombardier conceived the next-generation Challenger 3500 business jet through a sustainable lens, introducing a redesigned interior with intelligent and sustainably minded cabin features crafted to combine comfort with function. Further elevating the passenger experience, Bombardier’s exclusive and patented Nuage seat is included in the aircraft’s standard configuration – the first time a seat of this calibre is available in the super mid-size segment.

“Our jury was especially impressed by the products that won a Red Dot: Best of the Best. This distinction is synonymous with ground-breaking design par excellence. Only a very small percentage of competition winners were awarded this special title because a product needs to have a certain something in order to win this top award. This distinction is proof that Bombardier created a brilliant design!” said Professor Dr. Peter Zec, founder and CEO of the Red Dot Award.

In addition to its sustainability signature, the Challenger 3500 aircraft also introduces new and innovative technological features, such as the industry’s first voice-controlled cabin to manage lighting, temperature and entertainment systems, wireless chargers throughout the cabin and the only 24-inch and only 4K display in its class.

The Red Dot Award is one of the most prestigious design awards worldwide and honours innovation, concepts, and visions. This year’s winners will be celebrated during an award ceremony on June 20 in Essen, Germany and featured in the Red Dot Design Yearbook.

About Bombardier

Bombardier is a global leader in aviation, focused on designing, manufacturing and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. Bombardier aircraft are also trusted around the world in special-mission roles.

Headquartered in Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China and an Australian facility opening in 2022.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com. Follow us on Twitter @Bombardier

Bombardier and Challenger 3500 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

Celebrating the Delivery of VistaJet’s 10th, and Bombardier’s 100th, Global 7500 Business Jet in Another Milestone for the Industry Flagship

VistaJet now owns 10% of the world’s Global 7500 fleet

  • A milestone moment: VistaJet now offers a fleet of 10 Global 7500 business jets following Bombardier’s 100th delivery of the aircraft;
  • VistaJet continues to expand its fleet globally, and now manages 10% of all the world’s Global 7500 aircraft;
  • Celebration marks the strong relationship between two pillars of business aviation who are providing unparalleled aircraft to a growing client base;
  • Bombardier’s Global 7500 expands VistaJet’s ultra-long haul fleet and reinforces its confidence in the outlook for business jet travel in 2022 and beyond.

MONTRÉAL, March 30, 2022 (GLOBE NEWSWIRE) — VistaJet, the first and only global business aviation company, and leading aircraft manufacturer, Bombardier, celebrated a milestone delivery of the industry flagship Global 7500 aircraft.

The celebration, taking place at Bombardier’s Laurent Beaudoin Completion Centre in Montréal on March 29, marks Bombardier’s 100th delivery of the ultra-long-range smooth-flying jet, and VistaJet’s 10th, making it the largest operator of Global 7500 aircraft in the world. The event underscores the long-time relationship between the two brands and demonstrates the success of this unparalleled business jet. VistaJet plans to welcome up to a total of 17 Global 7500 aircraft into its fleet by the end of 2022.

Thomas Flohr, VistaJet’s Founder and Chairman comments: “We are extremely proud of this landmark moment with Bombardier, as we grow our Global 7500 fleet and meet the growing demand for ultra-long-range solutions. VistaJet is committed to a sustainable aviation future and supporting the global business industry with this expansion. Our enhanced product offering onboard the Global 7500 also guarantees that our clients, whether business or leisure travelers, are given the best and most seamless flying experience. We look forward to welcoming more Members and supporting the business world as our growing fleet of Global 7500 aircraft opens a new era for long-haul private travel.”

Éric Martel, Bombardier’s President and Chief Executive Officer adds: “I am thrilled to celebrate the 100th delivery of the Global 7500 aircraft with our valued customer, VistaJet. VistaJet recognized early on that this aircraft would transform the business jet industry, and the enormous success of Bombardier’s Global 7500 in transforming the private aviation industry. I would like to thank our teams in Montréal, Toronto and Wichita for designing, building and testing this amazing feat of technology. It’s thanks to their talent and dedication that this aircraft has raised the bar for excellence in this sector.”

With an industry-leading range of over 7,700nm, the Bombardier Global 7500 aircraft opens up global access in long haul private travel. VistaJet’s unparalleled network gives the Global 7500 business jet the space to operate at its peak and opens an extended world of non-stop possibilities for its Members. With VistaJet, passengers can travel long-haul on the Global 7500 to 187 countries worldwide, unlocking access to 96% of the world and some of the most hard-to-reach areas in a single flight.

VistaJet’s Global 7500 fleet has already completed a number of incredible non-stop flights, including São Paulo to the Maldives (15 hours 43 minutes flight time), Los Angeles to Hong Kong (14 hours 50 minutes), St Maarten to the Seychelles (14 hours 45 minutes), Phuket to Vancouver (13 hours 50 minutes), Liège to Jakarta (13 hours 30 minutes), Honolulu to Helsinki (13 hours 30 minutes) and many from the Middle East — including Abu Dhabi to Washington DC (13 hours 50 minutes), Abu Dhabi to Sydney (13 hours 30 minute flight time) and Abu Dhabi to New York (13 hours 10 minutes).

Bombardier’s Global 7500 aircraft is the first business jet with an Environmental Product Declaration, offering complete transparency on its performance. It flies at a higher altitude (up to 51,000ft) than commercial jets, where the air is thinner, thus allowing the aircraft to fly faster while burning less fuel. This aligns with VistaJet’s commitment to become the first carbon neutral business aviation company by 2025.

To virtually experience the Global 7500 business jet, click here.

About VistaJet
VistaJet is the first and only global business aviation company. On its fleet of over 80 silver and red business jets, VistaJet has flown corporations, governments and private clients to 187 countries, covering 96% of the world.

Founded in 2004, the company pioneered an innovative business model where customers have access to an entire fleet whilst paying only for the hours they fly, free of the responsibilities and asset risks linked to aircraft ownership. VistaJet’s signature Program membership offers customers a bespoke subscription of flight hours on its fleet of mid and long-range jets, to fly them anytime, anywhere. 

VistaJet is part of Vista Global Holding (Vista) — the world’s first private aviation ecosystem, integrating a unique portfolio of companies offering asset-light solutions to cover all key aspects of business aviation.

More VistaJet information and news at vistajet.com

About Bombardier
Bombardier is a global leader in aviation, focused on designing, manufacturing and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. Bombardier aircraft are also trusted around the world in special-mission roles.

Headquartered in Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China and an Australian facility opening in 2022.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com. Follow us on Twitter @Bombardier.

BombardierGlobal and Global 7500 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

VistaJet Limited is a European air carrier that operates 9H registered aircraft under its Maltese Air Operator Certificate No. MT-17 and is incorporated in Malta under Company Number C 55231. VistaJet US Inc. is an Air Charter Broker that does not operate aircraft. VistaJet and its subsidiaries are not U.S. direct carriers. VistaJet-owned and U.S. registered aircraft are operated by properly licensed U.S. air carriers, including XOJET Aviation LLC.  

Independent Study Indicates Bombardier’s Impact to Canadian Economic Growth in 2021 was Estimated at $5.7B in GDP

  • Bombardier contributed $5.7B to Canada’s GDP, as well as 33,276 in full-time jobs in 20211
  • Bombardier spent $1.9B on goods and services provided by suppliers across Canada, of which 400 were located in Québec and 240 in Ontario3
  • Between 2022-2025, the company’s total economic contribution1 from manufacturing activities in Canada is estimated at $25.2B in GDP
  • Bombardier is recruiting for some 400 high-value, skilled positions in Canada and an additional 600 worldwide

MONTRÉAL, March 23, 2022 (GLOBE NEWSWIRE) — A newly released independent assessment by PwC Canada highlights the significant economic and social impact of Bombardier’s manufacturing activities in Canada, Québec and Ontario. The report analyzes the company’s contribution to Canada in terms of wealth, GDP and job creation, as well as Bombardier’s international competitiveness and ESG milestones.

Results for 2021, the year in which the company completed its transition to a pure play, market-leading business jet company, show that Bombardier’s total contribution reached $5.7B to Canada’s GDP, and supported 33,276 full-time jobs. In Québec, where Canada’s aerospace industry is significantly concentrated, Bombardier supplied high-value direct jobs, ranking it among the largest employers in the province’s manufacturing sector, as well as supporting an extensive network of suppliers from across Canada.

“We’re proud of the significant role Bombardier continues to play in growing high-paying jobs and wealth for Canadians – in the next three years, our strong manufacturing activities will contribute an estimated $25.2B to Canada’s GDP and generate more than 37,000 full-time jobs across Canada each year. In Québec alone in 2021, Bombardier supported direct jobs that represented 20% of all the jobs in the province’s aerospace sector. What’s more, these positions are high-value, skilled jobs with an average salary that is nearly 70% higher than the average salary in Québec2,” said Éric Martel, President and CEO, Bombardier.

Bombardier’s extensive economic footprint also encompasses its support for a broad network of specialized suppliers and subcontractors, from parts manufacturers to suppliers of high-performance alloys. In 2021, Bombardier spent $1.9B on goods and services provided by suppliers across Canada, of which 400 were located in Québec and 240 in Ontario3.

After aluminum and before iron, aircraft topped the list of exported manufactured products in Québec, at $7.2B or 7.6% of the province’s total export value in 20214. Bombardier was responsible for 70.5% of the value of exported aircraft from Québec.

The study also projected that Bombardier will continue to make a strong economic contribution going forward. With demand for business jets trending strongly upward, Bombardier is currently forecasting revenues of $8.4B for 2022, increasing to $9.4B in 2025. Between 2022-2025, the company’s total economic contribution1 from manufacturing activities in Canada is estimated at $25.2B in GDP (or an annual average of $6.3B), and 150,485 job-years5 (or an annual average of 37,621 full-time jobs). Overall payroll taxes to be collected in relation to ongoing operations would total $3.0B for the period.

The report also emphasized Bombardier’s leading role in developing the knowledge, innovation and expertise, which has directly strengthened the Canadian skilled talent pool and the aerospace ecosystem as a whole – innovation that is convincingly showcased in the company’s award-winning flagship aircraft, the Global 7500. Between 2022 and 2025, Bombardier is expected to continue this leadership, with projected average spending of $150M during this period in R&D activities in Canada.

Beyond its significant contribution to GDP, high-value job creation, support for a broad network of aerospace suppliers and its leadership in innovation, Bombardier recently committed to achieving significant milestones in Environmental, Social, and Corporate Governance aimed at fostering sustainable development and the well being of its employees. Between 2016 and 2021, Bombardier and the J. Armand Bombardier Foundation have together invested over $38.5M in local communities worldwide.

The PwC Canada report was commissioned by Bombardier and is available on the Bombardier website (download the report).

Endnotes:
All monetary values are expressed in Canadian dollars.

1 including direct, indirect and induced impacts
2 Institut de la Statistique du Québec, État du marché du travail, 2021. Based on an average hourly wage in 2021 of $28.8, and a workweek of 37.5 hours and 49 weeks of work per year.
3 Suppliers with whom Bombardier transacts $50,000 or more.
Industry Canada
5 One “job-year” is defined as a year of full-time employment for one worker.

About Bombardier
Bombardier is a global leader in aviation, focused on designing, manufacturing and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. Bombardier aircraft are also trusted around the world in special-mission roles.

Headquartered in Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China and an Australian facility opening in 2022.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com. Follow us on Twitter @Bombardier.

Bombardier, Global and Global 7500 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

Bombardier has suspended all activities with Russian clients

MONTRÉAL, March 04, 2022 (GLOBE NEWSWIRE) — The entire Bombardier team continues to be deeply saddened by the unfolding humanitarian crisis in Ukraine and Europe. As a company with deep roots in communities around the world, we are first and foremost concerned with the loss of human life and the toll this conflict is taking on families. We would like to reiterate our condolences to everyone who has suffered loss over the past days. We will do our part, in any way possible, to help the governments around the world pursue an end to this horrific conflict.

Bombardier has suspended all activities with Russian clients, including all forms of technical assistance. We will continue to adhere to international laws, regulations and sanctions, as they evolve.

Furthermore, Bombardier and the J. Armand Bombardier Foundation have jointly pledged $150,000 to the Canadian Red Cross, and we encourage our team members on all continents to also donate to worthy humanitarian causes supporting victims of this conflict around the world. Bombardier is first and foremost a people-centric company, built around upholding our collective morals and values, and we will continue to seek opportunities to further address the humanitarian crisis as well as promote peace.

About Bombardier
Bombardier is a global leader in aviation, focused on designing, manufacturing and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. Bombardier aircraft are also trusted around the world in special-mission roles.

Headquartered in Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China and an Australian facility opening in 2022.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com

Bombardier Affirms 2025 Objectives are on Track During 2022 Investor Day

MONTRÉAL, Feb. 24, 2022 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) will host a virtual 2022 Investor Day this morning to provide an update on the execution of its 2025 financial targets outlined a year ago. The company’s leadership will review Bombardier’s strong performance in 2021 and provide an in-depth look at the execution of its strategic plan and the outlook through 2025.

Éric Martel, President and Chief Executive Officer, will be joined by Bart Demosky, Executive Vice President and Chief Financial Officer and Jean-Christophe Gallagher, Executive Vice President, Services and Support, and Corporate Strategy in outlining the progress made on the four key pillars of Bombardier’s 2025 plan and provide an update on the steps ahead.

“When we laid out our five-year strategy last year, we set out clear financial and socio-environmental objectives that will ensure Bombardier thrives as a company focused on designing, manufacturing and servicing the world’s best business jets. Today, we are exactly where we wanted to be. Bombardier is a stronger, more predictable company, well on its way toward delivering on our 2025 plan,” said Martel.

“Our fantastic cash performance last year is giving us momentum in debt repayment and is a significant step toward our 2025 free-cash-flow objective of more than $500 million,”1 added Martel. “As we grow our earnings, our position will continue to improve. Over and above the $500 million target, we are in parallel building a recurring, incremental capital allocation envelope of up to $600 million per year. This added flexibility would be available to invest in strategic projects or further balance sheet deleveraging. As we get to 2025, we will be well placed to balance both servicing our debt and investing in our products and people.”2

Improving balance sheet and liquidity profile

In the coming years, the company will prioritize debt reduction to continue deleveraging the business and build a more resilient company. On the back of a strong foundation forged in 2021, Bombardier was already able to launch repayment of an incremental $400 million of debt, utilizing cash from the balance sheet, and will continue to be opportunistic in its deleveraging strategy, targeting a minimum of 24 months maturity runway and continuing to work to optimize liquidity.

Aftermarket growth steadily reaching significant milestones

With a fleet of approximately 5,000 aircraft globally, Bombardier is steadily growing its share of the lucrative aftermarket business. The aftermarket team delivered a 25% jump in revenues year over year in 2021. In Q4 2021, the business’s revenues reached $363 million, 44% higher than Q4 2020 and 17% higher than in Q4 2019. With business aviation flight hours recovering to surpass pre-pandemic levels and a number of facility expansions under way or reaching completion, aftermarket revenues are expected to continue to grow at a double-digit CAGR, putting the company well on track to reach the goal of $2 billion in aftermarket revenues by 2025. Jean-Christophe Gallagher will provide an overview and data on the decisions the company has made so far to grow the segment, as well as its strong plan for the coming years.

Global 7500 jet margin growing, and overall cost structure improvement on plan

With the imminent delivery of the 100th Global 7500 aircraft, the industry flagship continues to redefine the business aviation landscape with significant market acceptance, particularly among fleet operators. In 2021, the program was a positive adjusted EBITDA contributor. The company will outline the continued positive outlook for this program ahead, with expectations to more than double its adjusted EBITDA contribution between 2021 and 2025.

Overall in 2021, the company reached $135 million in cost savings, surpassing its objective by $35 million and bringing it firmly on track towards its 2023 objective of $400 million in recurring savings. Bart Demosky will further outline the current financial performance of the company, its strategy to meaningfully grow earnings over the next years, in line with targets, and the company’s flexible path forward in terms of strategic capital allocation.

“With our core key indicators and plan elements trending positively, our 2025 adjusted EBITDA target of approximately $1.5 billion is well in sight,”1 added Martel. “Our leadership team is poised to deliver on everything we control, without requiring additional lift from the market. That said, the market is in great shape today and we expect to compete and maintain our share, while keeping the cost structure we have built.”

Bombardier 2025 Objectives Tracking to Plan

Total Revenues~$7.5 billion
Adjusted EBITDA~$1.5 billion
Adjusted EBITDA margin~20%
Free-cash-flow>$500 million
Adjusted net debt to adjusted EBITDA ratio~3x

About Bombardier
Bombardier is a global leader in aviation, focused on designing, manufacturing and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. Bombardier aircraft are also trusted around the world in special-mission roles.

Headquartered in Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China and an Australian facility opening in 2022.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com. Follow us on Twitter @Bombardier.