Bombardier Marks Dual Celebration – NetJets Accepts First Global 7500 Business Jet as Bombardier Delivers 1,000th Global Aircraft

  • Delivery of industry’s longest-range business jet marks the first of 20 Global 7500 aircraft to join the NetJets fleet
  • Global 7500 aircraft continues to garner significant interest from customers who value features such as the largest and most unique cabin, innovative technology, unparalleled performance and the smoothest ride

MONTRÉAL, Dec. 02, 2021 (GLOBE NEWSWIRE) — Bombardier announced today the delivery of the 1,000th Global aircraft. The major milestone was reached as the NetJets team led by Patrick Gallagher, President, Sales, Marketing and Services, took delivery of the private aviation company’s first Global 7500 business jet.

The addition of a Global 7500 aircraft to the NetJets fleet redefines its large-cabin, long-range offering, and elevates the choice of travel options for its international Owners. With a 7,700 nm (14,260 km) range, NetJets Owners will be able to fly from New York to Beijing or San Francisco to Sydney without refueling stops. The Global 7500 aircraft is set to be the flagship aircraft in one of the finest fleets in business aviation. The largest and quietest aircraft in the NetJets fleet, this is the first of a firm order of 20 Global 7500 aircraft, sure to transform the way Owners experience global travel. 

“We take pride in operating one of the industry’s most advanced fleets, and we are delighted to accept our first Global 7500 aircraft today. The Global 7500 aircraft adds a new dimension to our long-range aircraft offerings,” said Patrick Gallagher, President, Sales, Marketing and Services, NetJets. “At a time when demand for our aircraft is at its highest, our strategy is focused on continuing to deliver solutions that meet our Owners’ needs and expectations. We anticipate our Owners will appreciate the added value the aircraft brings and know they will be thrilled to experience flight in the Global 7500 business jet.”

“The incomparable Global 7500 business jet will now delight NetJets Owners not only with its industry-leading range, but also by its unique Nuage seat, Soleil lighting system and four true living spaces. We are proud that our 1,000th Global aircraft delivery represents the first Global 7500 aircraft to join the NetJets fleet,” said Éric Martel, CEO and President, Bombardier. “This double celebration sees our flagship aircraft become NetJets’ flagship business jet, and it’s a signature moment for all of us, as we cap off a remarkable year in aviation. I want to thank the many talented team members, past and present, who have supported the Global program during the last two decades, and our dedicated customers who have enjoyed the Global experience.”

Both NetJets and Bombardier are committed to supporting a sustainable future. The Global 7500 aircraft boasts the first Environmental Product Declaration (EPD) for a business jet. The independently verified EPD details information about the aircraft’s environmental footprint throughout its lifecycle, and thus plays an important role in the pledge both companies have made to support the private aviation industry’s commitment to environmental sustainability.

The 1,000th Global delivery reflects the continued popularity, longevity and reliability of the Global family of aircraft as it remains a consistent leader in its class. In addition to setting the bar for all business jets, the unparalleled Global 7500 aircraft is also a key economic driver. On the occasion of this dual announcement, PricewaterhouseCoopers led a study of the economic footprint of the Global 7500 aircraft in Québec, Ontario and Canada. Results show that between 2010 and 2019, the Global 7500 program development contributed and facilitated a total economic footprint in Canada of $4.8 billion in GDP as well as an annual average of 3,386 full-time equivalent jobs. In addition, through its overall manufacturing activities, Bombardier is expected to contribute and facilitate $2.0 billion in GDP per year to the Canadian economy and 8,456 jobs per year on average(1).

Through Bombardier’s R&D investment in the Global 7500 program, knowledge, innovation and expertise is being developed, contributing to the overall strength of the Canadian aerospace ecosystem.

(1)   Total economic impact includes direct, indirect and induced impacts.

About NetJets
Originally incorporated in 1964 as Executive Jet Airways, NetJets Inc. has been setting—and exceeding—industry standards for more than 55 years. Today, NetJets Inc. is proud to be a Berkshire Hathaway company known for its unwavering commitment to safety and service. It encompasses NetJets, Executive Jet Management, QS Partners, and QS Security and offers a variety of travel solutions customized to fit each Owner’s needs. This includes fractional aircraft ownership, lease and jet card options, aircraft management, private jet chartering, brokerage and acquisition services, and specialized security services. This is why so many of the world’s most discerning travelers choose NetJets Inc. generation after generation. It is also because NetJets has the largest, most diverse private jet fleet in the world, which grants anytime access to even the most remote destinations across the globe. To learn more about the leader in private aviation, visit netjets.com today.

About Bombardier
Bombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montréal, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of over 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals.

News and information is available at bombardier.com or follow us on Twitter @Bombardier.
Visit the Bombardier Business Aircraft website for more information on our industry-leading products and services.

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

Bombardier Celebrates Graduation of First Cohort of Red Oak, Texas-based Apprentices in Comprehensive Training Program

  • Department of Labor (DOL) nationally accredited apprenticeship program allows Bombardier to attract talented individuals from across the U.S. to grow dedicated talent pool in Red Oak
  • Graduates of the program offered full-time employment to support development of Global 7500 advanced smooth flex wing at Red Oak facility
  • Program fuels local grassroots aerospace pipeline

RED OAK, Texas, Nov. 04, 2021 (GLOBE NEWSWIRE) — Bombardier today announced the graduation of 10 participants from its first cohort of apprentices enrolled in its comprehensive apprenticeship training program developed in association with Texas State Technical College (TSTC) in Red Oak, Texas. With the successful completion of the training program, graduates are offered full-time employment at Bombardier’s Red Oak facility as an aircraft assembler or aerostructures apprentice to work on the Global 7500 business jet’s advanced smooth flex wing.

The two-year Department of Labor (DOL) accredited Bombardier Aerospace Apprenticeship Program (BAAP), launched in December 2019, offers students the opportunity to enter the high-tech aerospace sector with no specific pre-requisites. It challenges them to present a winning attitude and develop mechanical dexterity and sound logic skills to pass an entry-level aptitude test. In turn, Bombardier and TSTC offer expert training in conjunction with TSTC’s excellent facilities, allowing students to benefit at no cost from industry-tailored modules, experienced instructors, tools and equipment and financial support. Since its inception, some 80-plus individuals are currently being trained in the program. Bombardier and TSTC plan to recruit more than 50 individuals into the program over the next two years.

“I am thrilled to celebrate the successful graduation of the women and men in the BAAP program who will now transition forward in new careers at Bombardier, helping to ramp up the development of Bombardier’s Global 7500 program,” said Paul Sislian, Executive Vice President, Operations and Operational Excellence, Bombardier. “The accomplishments of these talented individuals aptly underscore the importance of fueling the aerospace pipeline in our Red Oak facility, bringing world-class training opportunities and cementing Bombardier as a key pillar of the community. It’s a wonderful way for Bombardier to celebrate National Apprenticeship Week in the U.S.”

The apprenticeship program offers a unique blend of practical and on-the-job training with theoretical, in-class learning. Educational topics covered include the introduction of health, safety and quality best practices, as well as aircraft drawing and specification comprehension, manufacturing appreciation of standard and regulatory compliances of aircraft assembly and more.

The Global 7500 jet is the flagship of the Bombardier business aircraft fleet, and it has won numerous awards for its innovative design. The Global 7500 aircraft’s advanced smooth flex wing design features sophisticated slats and flap system that maximizes aerodynamic efficiency and performance for improved safety and an exceptionally smooth ride.

About Texas State Technical College
TSTC was established 50 years ago to help create a strong Texas. It is efficiently and effectively helping Texas meet the high-tech challenges of today’s global economy, in partnership with business and industry, government agencies and other educational institutions. TSTC graduates are highly valued by business and industry for their work ethics, knowledge and workplace skills.

About Bombardier
Bombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montréal, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of over 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals.

Bombardier Names Nick W. Verdea Recipient of 2021 Safety Standdown Award

  • A long-time Safety Standdown supporter, Verdea has demonstrated exceptional safety leadership throughout his 25-year aviation career
  • Influential award recognizes exceptional efforts to improve aviation safety throughout the industry
  • Bombardier’s Safety Standdown celebrating 25 years of aviation safety stewardship and education

MONTREAL, Nov. 04, 2021 (GLOBE NEWSWIRE) — Nick W. Verdea, a Certified Aviation Manager (CAM) and Global Leadership Professional (GLP), has been named the 2021 winner of the Bombardier Safety Standdown Award, as selected by the Safety Standdown Advisory Council members. Verdea, Director of Aviation and Corporate Travel for The Williams Company in Tulsa, OK., is a long-time supporter and advocate of this highly influential event.

Verdea accepted the award on November 3, 2021, during the 25th annual Bombardier Safety Standdown event in Wichita, KS. The two-day, in-person safety gathering brought industry professionals together for enhanced learning opportunities, compelling workshops, presentations and more, laying the foundation for safety training and professional development. For a quarter of a century, Bombardier has led the industry in providing aviation professionals with critical knowledge-based aviation training and lifelong professional development opportunities.

The Bombardier Safety Standdown Award is presented annually to an aviation professional who has demonstrated exemplary dedication to improving aviation safety through the Safety Standdown principles of Learn, Apply, Share. Verdea was nominated for his leadership in aviation safety management over the course of his 25-year aviation career by Richard Westmoreland, Director of Aviation for First Horizon. At The Williams Company, Verdea oversees the daily operations and priorities of a high-performing team of 13 that operates corporate aircraft. A major part of his responsibilities is to execute and expertly manage the annual travel services budget with a compliance concentration on travel experience and cost containment. Verdea’s commitment to safety excellence is admirable and this is clearly reflected in his many leadership roles over his career. He is a dedicated life-long learner and has an impeccable flying record of more than 13,000 accident-free hours in the cockpit.

“On behalf of Bombardier, I wish to congratulate Nick Verdea for his outstanding career and unwavering commitment to Safety Standdown and to promoting aviation safety and professionalism at all levels of our industry for a quarter of a century,” said longtime Bombardier executive, Andy Nureddin, who stewards the Safety Standdown program. “Nick embodies precisely what the Safety Standdown Award stands for: celebrating individuals who are role models in the field and have made a real difference day-to-day. He is the ideal ambassador for our Safety Standdown mission.”

Bombardier’s Safety Standdown is one of the most comprehensive safety conferences in the industry. This year’s in-person event celebrated 25 years of safety stewardship and this year’s theme, “Learn, Apply, Share” reminds aviation professionals and organizations to learn new skills, apply them and share their knowledge to make an impact as a role model.

About Safety Standdown
Conceived in 1996 as a human factors safety-training event for the Learjet flight demonstration team, the conference quickly garnered a reputation for excellence beyond Bombardier’s customer base. In 1999, in response to growing interest within the industry, Bombardier opened the seminar to all pilots. In 2010, Safety Standdown expanded beyond the seminars into a year-round global human factors program offering online resources. Since 1996, more than 10,000 corporate, commercial and military aviation professionals have attended Safety Standdown seminars around the world, live and through the webcast, including in Brazil, Canada, China, Mexico, Switzerland and the USA.

About Bombardier
Bombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montréal, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of over 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals.

Greater Toronto Airports Authority and Bombardier provide update on new Global Manufacturing Centre at Toronto Pearson

Event at Toronto Pearson highlights how partnership and innovation will support the regional economy through job creation

TORONTO, Nov. 2, 2021 /CNW/ – At an event earlier today at Toronto Pearson, Bombardier provided a preview of the construction of its new, state-of-the-art manufacturing centre at Toronto Pearson International Airport where final assembly of its family of Global business jets, including the industry flagship Global 7500 aircraft, will take place. In attendance at the event were Éric Martel, President and CEO, Bombardier; Deborah Flint, President and CEO of the Greater Toronto Airports Authority (GTAA); Bonnie Crombie, Mayor of the City of Mississauga; Jerry Dias, National President at Unifor; and several other key representatives of the Greater Toronto aerospace community.

Speaking at the event, Ms. Flint took the opportunity to underscore just how vital a strong aviation industry is to driving local, provincial and national economies: “This project is a reminder of the value and opportunity that can be created when we work together,” Ms. Flint said. “Through this collaborative effort, we were able to keep 2,000 high skilled jobs here in Mississauga; create a world-class global gateway at Pearson that anchors the second-largest employment zone in Canada, which at its peak supported 300,000 jobs; and affirm the region as a globally competitive aviation and aerospace hub with a host of innovative companies.”

Ms. Flint and Mr. Martell later took part in an event titled “Repositioning Bombardier,” held at the Canadian Club and well attended by an audience of aerospace and aviation stakeholders, local business and political leaders, and media. Mr. Martell provided insight into the Canadian flagship’s transition to a business aviation-focused company, his vision and mission for the future of the iconic Bombardier brand, and Ontario’s major role in achieving his vision. Ms. Flint touched on the importance of playing a strong leadership role in transformative times and Toronto Pearson’s role as an engine of economic growth, not just for Mississauga and Ontario, but for the entire country.

To learn more about Bombardier’s new Manufacturing Centre, view their press release at https://bombardier.com/en/media/news. To learn more about Toronto Pearson’s response to COVID-19 and its industry-leading Healthy Airport program, visit www.torontopearson.com.

About the Greater Toronto Airports Authority

The Greater Toronto Airports Authority is the operator of Toronto – Lester B. Pearson International Airport, Canada’s largest airport and a vital connector of people, businesses and goods. Toronto Pearson has been named “Best Large Airport in North America serving more than 40 million passengers” for four years in a row by Airports Council International (ACI), the global trade representative of the world’s airports. In recognition of its Healthy Airport program, ACI also awarded Toronto Pearson the “Best hygiene measures in North America” award, and Toronto Pearson was the first Canadian airport to receive ACI’s global health accreditation for its response to COVID-19.

Bombardier’s Safety Standdown Welcomes New Leader as Chris Milligan Succeeds Andy Nureddin in Stewarding Influential Industry Event

  • Seasoned Bombardier executive, Chris Milligan will continue to build on Safety Standdown’s reputation for excellence
  • Bombardier’s Safety Standdown celebrates 25 years of aviation safety stewardship and education
  • Prominent event promotes lifelong learning opportunities to highlight the industry’s latest safety knowledge
Bombardier’s Safety Standdown dream team: (From left) New Safety Standdown leader Chris Milligan, VP, Pre-Owned Aircraft Services and Flight Operations; JC Gallagher, Executive VP Services, Support and Strategy; and Andy Nureddin, veteran customer support executive and steward of the program for more than 15 years, who is retiring in 2022.

MONTREAL, Nov. 02, 2021 (GLOBE NEWSWIRE) — Bombardier’s annual Safety Standdown event, one of the most comprehensive safety gatherings in the aviation industry, is honoring a dedicated Bombardier executive who has been a passionate steward and leader of the event for many years and announcing a new successor to lead the program.

Bombardier’s Chris Milligan, Vice President, Pre-Owned Aircraft Services and Flight Operations, will take over the reins from long-time Safety Standdown leader, Andy Nureddin, who has led the Bombardier Flight Operations team responsible for organizing this annual safety gathering. Andy has planned to retire at the end of 2022 and is currently focusing on completing a smooth transition of Safety Standdown leadership to Chris. Anthony Cox has been promoted to Vice President, Customer Support and is succeeding Andy in his Bombardier customer-facing capacities.

“I am very pleased to introduce Chris Milligan as the new leader of the Safety Standdown team and I want to sincerely thank Andy for his steadfast commitment and hard work in fostering the growth of this invaluable industry event,” said Jean-Christophe Gallagher, Executive Vice President, Services and Support, and Corporate Strategy, Bombardier. “For 25 years, Bombardier has led the industry in providing aviation professionals with critical knowledge-based aviation training in many key areas and Andy has been front and centre in that growth. I am confident that under Chris’s direction, we will continue to provide aviation professionals with more lifelong learning opportunities and focus on disseminating higher standards of safety and professionalism throughout the industry.”

Celebrating its 25th anniversary, the Bombardier Learjet flight operations team created the Safety Standdown event in 1996 as a human-factors safety training seminar. As it has flourished, its purpose remains the same – to foster a community of aviation professionals who are committed to lifelong learning and to establishing higher standards of safety and professionalism throughout the industry. Through its overriding theme of “Learn – Apply – Share,” this special two-day conference is filled with learning opportunities, compelling workshops, presentations and more, laying the foundation for many more years of safety training to come.

About Safety Standdown
Originally conceived in 1996 as a human factors safety-training event for the Learjet flight demonstration team, the conference quickly garnered a reputation for excellence beyond Bombardier’s customer base. In 1999, in response to growing interest within the industry, Bombardier opened the seminar to all pilots. In 2010, Safety Standdown expanded beyond the seminars into a year-round global human factors program offering online resources. Since 1996, more than 10,000 corporate, commercial and military aviation professionals have attended Safety Standdown seminars worldwide, live and through the webcast, including in Brazil, Canada, China, Mexico, Switzerland and the USA. Admission to Safety Standdown has, throughout the years, remained free to all aviation professionals as safety is a top commitment to the flying public.

About Bombardier
Bombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montréal, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of over 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals.

Bombardier Announces Construction of New Global Manufacturing Centre in Mississauga is on Track, Reiterates Sustainment of 2,000 Jobs and Commitment to Aerospace Community in Ontario

  • Set for completion in 2023, the new world-class facility for final assembly of Global aircraft will exemplify Bombardier’s commitment to sustainability
  • Environmentally responsible features will reduce energy consumption by almost 60% and will lower greenhouse gas emissions by more than half
  • The state-of-the-art facility at Toronto Pearson International Airport represents a private investment of approximately $400M USD by Bombardier and will provide continued employment to the 2,000 highly skilled Bombardier employees currently working at Bombardier’s existing Downsview facility
  • Bombardier reiterates continued involvement in the aerospace cluster through active engagement in the Downsview Aerospace Innovation & Research (DAIR) consortium and other initiatives

MISSISSAUGA, Ontario, Nov. 02, 2021 (GLOBE NEWSWIRE) — Bombardier provided further details on the construction of its new, state-of-the-art facility at the Toronto Pearson International Airport that will optimize final assembly operations for its family of Global business jets, including the industry flagship Global 7500 aircraft. In an event attended by Bonnie Crombie, Mayor of the City of Mississauga, Deborah Flint, President and CEO of the Greater Toronto Airports Authority, Jerry Dias, National President at Unifor, and several other key representatives of the Greater Toronto aerospace community, the company reiterated its commitment to continue the momentum of its presence in Ontario.

On track for completion in 2023, the facility will provide a new home to the Global Manufacturing Centre, currently located in nearby Downsview, ON. The move, which represents a private investment by Bombardier of approximately $400 million USD, will provide continued employment to the 2,000 employees currently working at Bombardier’s Downsview facility.

“We came here today to show you first-hand that construction of our new Global Manufacturing Centre of Excellence is advancing as planned,” said Éric Martel, President and Chief Executive Officer, Bombardier. “We are extremely proud of the people who have been producing our best-in-class business jets for decades here in Ontario, and with the rising demand for large-cabin, long-range aircraft, we are looking forward to providing our teams with a new, state-of-the-art work environment,” he added.

The Downsview plant was built in the 1960s, and the transition to the new, 770 000 sq. ft. facility at Pearson Airport in Mississauga will significantly reduce Bombardier’s industrial and environmental footprint in the area. The company is embracing the opportunity to incorporate as many environmentally responsible features as possible. Energy consumption will be reduced by just under 60% by focussing on natural and more efficient lighting elements, and newer heating methods and updated processing systems will lower greenhouse gas emissions by more than half. Considerably less water will be used in the manufacturing process thanks to the modifications implemented in the processing shop workflow. In parallel, electric vehicles will be favoured for onsite transportation and three Sustainable Aviation Fuel (SAF) tanks will provide fuel for departing aircraft.

During the event, Bombardier also confirmed it will remain active in creating educational and job opportunities for future generations of aerospace talent in the Greater Toronto Area, particularly through its continued involvement in the DAIR consortium. The consortium, which the company cofounded with Centennial College, drives local collaborative research and development to help small and medium aerospace hub businesses scale up. “It is our continuing strategy to further support local innovation, harness the ingenuity of future aerospace professionals and enrich our local supply chain. Our involvement with DAIR enables us to realize this vision and it is one that we value greatly,” said Éric Martel.

Martel also emphasized the importance of local partnerships in facilitating the successful transition to a new production site. “I want to thank the City of Mississauga and the Regional Municipality of Peel, as well as our partners at the Greater Toronto Airports Authority for making us feel truly welcome in our future new home here in Mississauga.”

“I’m so proud that Bombardier, one of the world’s most innovative aviation companies, has chosen to make this very significant investment in Mississauga,” said Mississauga Mayor Bonnie Crombie. “By opening its new Global Manufacturing Centre of Excellence in our city, Bombardier will strengthen our world-class aviation sector by continuing its relationship with Mississauga-based companies that provide leading-edge capabilities to support Bombardier’s family of Global business jets. I look forward to working with Bombardier and Pearson to find new ways to bring more aerospace investment to Mississauga”

“Toronto Pearson has a vision to be the airport of the future – from our approach to health and safety through our globally recognized Healthy Airport program to creating a more modernized airport experience,” said Deborah Flint, President and CEO, GTAA. “And part of being the airport of the future means building partnerships that confer greater economic and social opportunities on the communities we serve. Bombardier’s focus on innovation and connection is a perfect fit for Toronto Pearson as we build back a better, more resilient, more innovative aviation and aerospace sector right here in Mississauga.”  

“Unifor aerospace members’ skills are virtually unmatched and the aircraft they build are unrivaled in their class,” said Jerry Dias, Unifor National President. “The new production facility will help secure advanced manufacturing jobs for the long term and will be a proud new home for highly-skilled Bombardier workers for generations to come.”

“Ledcor is proud to be building Bombardier’s new state-of-the-art manufacturing facility at Toronto Pearson International Airport,” said Ray Lawrence, Vice President, Ontario, Ledcor Construction. “We are excited to work with the project and design team to achieve Bombardier’s sustainability and energy efficiency targets.”

About Bombardier
Bombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montréal, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of over 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals.

Bombardier reports its third quarter 2021 results, demonstrates solid execution and strong cash flow performance

  • Business aircraft revenues of $1.4 billion, up 17% year-over-year, mainly driven by an improved delivery mix and continued strong aftermarket recovery as overall fleet flight hours surpass 2019 levels.
  • Adjusted EBITDA(1) of $142 million (9.8% adjusted EBITDA margin(1)), representing a year-over-year improvement of $58 million or 69% reflecting continued progress on the Global 7500 aircraft’s learning curve, cost structure improvements and an improved delivery mix. Reported EBIT from continuing operations for the quarter was $48 million.
  • Strong free cash flow(1) generation of $100 million from continuing operations, representing an improvement of $747 million year-over-year. Reported cash flows from operating activities – continuing operations for the quarter was $156 million and net additions to PP&E and intangible assets – continuing operations for the quarter were $56 million.
  • Third quarter unit book-to-bill(2) of ~1.7 and increased backlog by ~$500 million to $11.2 billion on account of continued strong order momentum.
  • Major milestone in deleveraging plan achieved with the redemption of debt maturities to December 2024, representing a total debt reduction of ~$3 billion since the beginning of 2021.
    Pro-forma liquidity(3) remains strong at $1.9 billion.

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

MONTREAL, Oct. 28, 2021 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) announced today its financial results for the third quarter of 2021. The company is pleased with continued execution on its strategic initiatives, cash flow generation and order momentum driving the financial results of the quarter. Bombardier also highlighted that during the third quarter, the company redeemed debt maturities through December 2024, a major milestone in its deleveraging plan.

“The Bombardier team once again delivered a solid quarter, a confirmation that this year is shaping up to be significantly better than the last,” said Éric Martel, President and Chief Executive Officer, Bombardier. “Our unit book-to-bill ratio remains very healthy, contributing to a significant increase to our backlog. This momentum has also translated to a solid increase in profitability, with adjusted EBITDA margin approaching 10% this quarter.”

“We are delivering consistently on what we set out to do, especially when it comes to deleveraging the balance sheet. Thanks to the hard work of our outstanding team, we cleared the debt maturity runway on plan,” added Martel. “As a fantastic finale to the quarter and at a great moment in time for our industry, we launched our new Challenger 3500 jet last month. The extremely positive reception and strong first orders for the new aircraft are clear evidence that we were able to bring significant value to customers through measured and disciplined investments.”

Third Quarter 2021 Financial Performance

Business jet revenues of $1.4 billion are up 17% year-over-year, propelled mainly by an improved delivery mix, with higher deliveries of large aircraft. The company has also seen an increase of revenues by $76 million from business aircraft services. This is mainly due to increased fleet flight hours having now surpassed 2019 levels, a clear signal that the industry is on a strong recovery path from the global shock caused by the COVID-19 pandemic. Confidence levels within the industry are at a new all-time high, indicative of the rising vaccination levels and eased travel restrictions. In the U.S., business jet utilization increased by 42.5%, year-over-year for the first eight months of the year. In Europe, business jet utilization increased by 27.1% year-over-year in the first nine months of the year.

Bombardier reported an adjusted EBITDA of $142 million, representing a year-over-year improvement of $58 million or 69%. The company attributes this to an improved aircraft mix, continued progress on Global 7500 aircraft learning curve, and cost structure improvements. Reported EBIT from continuing operations for the quarter was $48 million.

For the second consecutive quarter, the company is seeing an improved free cash flow (FCF) generation. FCF of $100 million from continuing operations represents an improvement of $747 million year-over-year. The positive result is mainly due to stronger order intake and better payment terms on new orders. Reported cash flows from operating activities – continuing operations for the quarter was $156 million, and net additions to PP&E and intangible assets – continuing operations for the quarter were $56 million.

Major Milestone Achieved with the Clearing of Debt Maturities Through December 2024

The Corporation reported a total debt reduction of approximately $3 billion since the beginning of 2021, and cleared, through redemption or refinancing, debt maturities through December 2024. This represents a major milestone in one of Bombardier’s key priorities this year, as it creates a runway to focus on its operations and stabilizes the need for liquidity. Pro-forma liquidity remains strong at $1.9 billion.

Successful launch of the Challenger 3500

As the third quarter wrapped up, the company introduced a major update to its bestselling Challenger 350 platform, the Challenger 3500. The new aircraft represents a culmination of a period of important product development that saw Bombardier introduce innovative technologies and industry-leading new products and services.

With a redesigned interior that includes Bombardier’s patented Nuage seat as part of the aircraft’s standard configuration and the industry’s first voice-controlled cabin, the new Challenger 3500 further elevates the cabin experience to meet the increasing customer expectations. The enthusiastic welcome that the mock-up of the aircraft received at the first post-pandemic National Business Aviation Association event earlier this month is a first confirmation of this, as is a 20 aircraft firm order announced in the third quarter.

Flight testing and certification activities for the Challenger 3500 is progressing on schedule for an expected entry into service in the second half of 2022.

Click here for details results

About Bombardier

Bombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montréal, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of over 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals.

News and information is available at bombardier.com or follow us on Twitter @Bombardier.

Visit the Bombardier Business Aircraft website for more information on our industry-leading products and services.

Bombardier’s Safety Standdown Celebrates 25th Anniversary, Returns to Wichita to Focus on New Ways to Learn, Apply and Share

  • Bombardier’s Safety Standdown anniversary marks a quarter-century of aviation safety stewardship and education
  • Prominent safety event promotes lifelong learning to highlight the latest safety knowledge available throughout the industry
  • In-person presentations will focus on specific elements of Safety Management Systems (SMS), runway excursions, 25 years of automation airmanship leadership, productive culture in disruptive environments and more

MONTRÉAL, Oct. 13, 2021 (GLOBE NEWSWIRE) — Bombardier’s annual Safety Standdown, one of the most comprehensive safety conferences in the aviation industry, is celebrating its 25th anniversary and this year’s event is returning to its roots in Wichita, KS, Nov. 2-3 at the Hyatt Regency Hotel. Established 25 years ago by Bombardier’s Learjet flight demonstration team, the theme for this special anniversary edition of the event is, “Learn, Apply, Share,” prompting aviation professionals and organizations to learn new skills, apply them and share their knowledge to make an impact as a role model.

“For a quarter of a century, Bombardier has led the industry in providing aviation professionals with critical knowledge-based aviation training, and this year’s lineup certainly underscores the concepts expressed in our theme, ‘Learn, Apply, Share,’” said longtime Bombardier executive Andy Nureddin, who stewards the Safety Standdown program. “For 25 years, the purpose of this invaluable event is to foster a community of aviation professionals who are committed to lifelong learning and to disseminating higher standards of safety and professionalism throughout the industry.”

The event’s lineup this year builds on that premise. Several familiar faces will be presenting at this year’s special 25th anniversary event, including Safety Standdown stalwarts Tony Kern Ed. D., Amy Grubb and Dan Boedigheimer Ph. D. Christopher Lutat, Managing Partner, Convergent Performance, LLC, will also be on hand to explore 25 years of automation airmanship, while Captain Clarke “Otter” McNeace, Vice President of Flight Operations and Standards at Aviation Performance Solutions (APS), explores the popular topic of Loss of Control In-flight (LOC-I).

Safety Standdown 2021 promises to be a special two-day conference filled with learning opportunities, compelling workshops, presentations and more, laying the foundation for many more years of safety training to come. To find out more information or register for this year’s event, please click here. And if you can’t join in person, please join us for a live webcast of the general session.

Consistent to our high safety standards, Bombardier has adopted a COVID-19 vaccine requirement for Safety Standdown 2021. All registrants must present proof of full vaccination to enter the Safety Standdown venue and adhere to CDC and State of Kansas mandates recommending the wearing of masks indoors. This requirement applies to all activities on Nov. 2-3, 2021.

About Safety Standdown
Originally conceived in 1996 as a human factors safety-training event for the Learjet flight demonstration team, the conference quickly garnered a reputation for excellence beyond Bombardier’s customer base. In 1999, in response to growing interest within the industry, Bombardier opened the seminar to all pilots. In 2010, Safety Standdown expanded beyond the seminars into a year-round global human factors program offering online resources. Since 1996, more than 10,000 corporate, commercial and military aviation professionals have attended Safety Standdown seminars worldwide, live and through the webcast, including in Brazil, Canada, China, Mexico, Switzerland and the USA. Admission to Safety Standdown has, throughout the years, remained free to all aviation professionals as safety is a top commitment to the flying public.

About Bombardier

Bombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montréal, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of over 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals.

Bombardier and Signature Flight Support Sign Milestone Agreement to Develop Diverse Suite of Services for an Enhanced Customer Experience

  • Multi-faceted Memorandum of Understanding (MoU) leverages mutual world-class service expertise between Bombardier and the world’s largest network of private aviation terminals
  • Bombardier and Signature to actively promote and enhance distribution of Sustainable Aviation Fuel (SAF) in the U.S. and Europe through various channels
  • Future initiatives centered around activities creating value for customers, including AOG support, hangar access and co-developed business programs

MONTREAL, Oct. 12, 2021 (GLOBE NEWSWIRE) — Bombardier and Signature Flight Support today announced they have signed a milestone Memorandum of Understanding (MoU) towards a multi-faceted relationship to create a suite of new services that will transform the service experience for their customers.

The first area of collaboration, announced earlier this year, designates Signature Flight Support as the preferred concierge service provider at Bombardier service centres in the U.S. and Europe. Currently launched in Tucson, AZ, Hartford CT, Fort Lauderdale, FL, Dallas, TX and Wichita, KS, in the United States, and with London-Biggin Hill in the United Kingdom to follow, this commitment will provide customers with maintenance services and amenities consistent with Signature’s impeccable reputation as a leading FBO in business aviation. Bombardier customers will now receive turnkey access to an elite selection of concierge services emblematic of the Signature brand.

Secondly, and reinforcing Bombardier’s collaboration with Signature, the agreement enhances the service experience for customers as Bombardier’s Mobile Response Team (MRT) and associated capabilities, including the OEM’s personnel, vehicles, and parts, will be available at various Signature sites across the U.S. and Europe. This will ensure customers have quick access to OEM service capabilities for maintenance events and other critical aircraft needs, saving precious time and maximizing their assets’ value. Both organizations envision to further evolve this initiative through jointly collaborated response to AOG events and faster access for Bombardier MRT personnel airside for maintenance events.

“Bombardier business jet customers demand and expect the highest level of sophistication and service reliability, and this milestone agreement with Signature Flight Support delivers the turn-key, white-glove service experience our customers deserve,” said Jean-Christophe Gallagher, Executive Vice President, Services and Support, and Corporate Strategy, Bombardier. “Signature Flight Support is one of the most respected companies in business aviation and we are proud to be working in tandem to create new products and services for our customers, further solidifying Bombardier as the aftermarket leader in business aviation.”

“We are thrilled to partner with an industry leader like Bombardier to redefine what an FBO experience means for our customers,” said Tony Lefebvre, Interim Chief Executive Officer for Signature Aviation. “As a forward-facing company where the customer is at the center of everything we do, Signature is embracing a spirit of innovation to challenge the traditional approach to flight support services. This agreement further underscores our commitment to elevate, evolve and enrich the customer experience.

Bombardier and Signature Flight Support will also work to increase environmental awareness and responsibility throughout the business aviation industry by concentrating on the development and accessibility of Sustainable Aviation Fuel (SAF) through the Signature Renew program. Bombardier is committed to helping promote the increased availability and use of SAF throughout the industry and this agreement provides a foundation to collaborate on expanding access and reducing cost for traditional Jet A alternatives.

“A critical piece of creating long-term sustainability in our industry is commitment to permanent SAF supplies like our partner Signature has done by converting 100% of their Jet fuel at San Francisco/SFO to Sustainable Aviation Fuel earlier this year,” added Gallagher. 

The comprehensive MoU agreement with Signature Flight Support builds on Bombardier’s comprehensive global customer service commitment to provide the best customer service experience in business aviation today – and sets the stage for even more enhancements in the future.

About Signature Flight Support
Since the merger of Page AvJet and Butler Aviation in 1992, Signature Flight Support has grown to become the world’s largest network of Fixed Base Operators. With more than 200 locations providing consistent, exceptional service, Signature’s worldwide network of FBOs delivers essential support service for business and private aviation, including refueling, hangarage, maintenance, repair and overhaul, and a variety of other world-class amenities with exceptional customer service.

About Bombardier
Bombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montréal, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of over 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals.

Bombardier is a registered or unregistered trademark of Bombardier Inc. or its subsidiaries.

StandardAero Delivers First Collins Aerospace Pro Line Fusion Cockpit Upgrade for Bombardier Challenger 604 Aircraft

SCOTTSDALE, Ariz. – October 11, 2021 – StandardAero recently delivered its first Collins Aerospace Pro Line Fusion modification/upgrade on a Bombardier Challenger 604. The first installation aircraft departed StandardAero’s Springfield, Illinois maintenance facility on September 24, 2021.

The installation was supported by a Collins Aerospace Supplemental Type Certificate (STC) and the Pro Line Fusion upgrade removes the existing cathode ray tube displays and replaces them with touchscreen capable liquid crystal displays. The modification allows for features such as LPV, synthetic vision, multi-scan radar, graphical weather and FANS-1/A, giving operators more functionality and situational awareness in the cockpit. The modification also addresses obsolescence issues inherent to the existing CRT displays.

The total work scope on this Challenger 604 aircraft also included the installation of a Collins Aerospace Venue Cabin Management System and a complete cabin interior refresh.

“The Fusion upgrade helps to keep this aircraft on the leading edge — well into the future — with enhanced capabilities and staying pace with the functionality of current production aircraft coming off the assembly line,” said Mike Creek, Avionics Sales Manager for StandardAero Business Aviation. “Operators are showing a lot of interest in these upgrades and we expect continued demand throughout this year and next.”

StandardAero is one of the industry’s most experienced modifications and upgrades provider has also has accomplished more Collins Aerospace Pro Line 4 to 21 upgrades on Falcon 50EX and 2000 aircraft that any other MRO in the industry.

StandardAero offers a wide range of services for Challenger 604 operators. In addition to avionics upgrades, cabin updates and airframe maintenance, StandardAero also provides a range of service offerings for the aircraft’s CF34-3B engines and GTCP36-100/150 auxiliary power unit (APU).