Tag: Bombardier Global 7500

Bombardier Announces Full-Year Financial Results

Provided by Bombardier Inc/CNW

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

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

Sale of A220 Partnership Interest

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

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

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

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

Acceleration of Deleveraging Phase of Turnaround

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

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

Overview Financial Performance

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

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

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

2020 Outlook

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

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

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

Aviation

Stronger Financial Performance as Aviation Reshapes its Portfolio

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

Concentrating on Business Aircraft while Addressing Underperforming Programs

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

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

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

Link to full press release

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

Provided by Bombardier Business Aircraft/Globe Newswire

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

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

Expansion of Bombardier’s London Biggin Hill service centre

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

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

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

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

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

Centennial College Dedicates Centre for Aerospace and Aviation to Bombardier, Celebrates Donation of a Global 7500 Flight Test Vehicle

Provided by Centennial College/CNW

Centennial College (CNW Group/Centennial College)
Centennial College (CNW Group/Centennial College)
Bombardier Inc. (CNW Group/Centennial College)
Bombardier Inc. (CNW Group/Centennial College)
  • Centennial College renames their centre for aerospace to The Bombardier Centre for Aerospace and Aviation
  • Following donation of a CRJ200 aircraft in February 2019, Bombardier donates “The Architect” Global 7500 flight test vehicle
  • Announcements reinforce Bombardier’s partnership with Centennial, further to R&D investment commitments

TORONTO, Jan. 28, 2020 /CNW/ – Following a decade of close collaboration in support of aerospace education, skills training and research and development, Centennial College is pleased to announce today that it is renaming its Centre for Aerospace and Aviation at Downsview Park to “The Bombardier Centre for Aerospace and Aviation” and is receiving a Bombardier Global 7500 flight test vehicle for training purposes.

“As the global demand for aerospace technicians and technologists continues to grow, the strategic advantage of Bombardier and Centennial’s relationship is only amplified,” says Dr. Craig Stephenson, President and CEO, Centennial College. “The commitment of both partners not only aims to support the increasing labour demands of the sector, but also bolsters Ontario’s and Canada’s leadership position in a competitive global sector.”

Known as “The Architect”, the Bombardier Global 750business jet (serial number 70004) was the fourth Flight Test Vehicle (FTV4) of the program and was used for interior validation testing. Since its maiden flight on September 28, 2017, the aircraft accumulated approximately 731 flight hours.

Centennial students will receive hands-on experience working on the prototype of the world’s largest and longest-range purpose-built business jet with the industry’s most advanced avionics and airframe features, including high-performance wings. The aircraft will have a permanent spot outside Centennial’s new hangar at its Downsview Park facility, which opened in January 2019.

“Bombardier is proud to continue supporting Centennial College in their mission to prepare the next generation of aerospace professionals. With this Global 7500 aircraft donation, students will receive incomparable hands-on training using the industry’s latest advanced technology,” said Alain Bellemare, President and Chief Executive Officer, Bombardier.

Global 7500 aircraft are assembled at Bombardier’s facility in Toronto, using innovative and cutting-edge technology. The development of the aircraft has positively influenced the Ontario aerospace sector in the past decade, expanding the range of experience and capabilities of engineers, technicians and technologists, as well as mobilizing suppliers.

In February 2019, Bombardier donated a CRJ200 to Centennial College for training purposes and is also providing the college with $150,000 for the completion of its Landing Gear Research project, while extending its existing educational program. The program is expected to train a minimum of 50 individuals for each of the next two years at Centennial’s facility, which serves as the anchor for Toronto’s new aerospace hub, the Downsview Aerospace Innovation and Research (DAIR) Hub.

The Global 7500 FTV4 donation, and the educational value it provides, is possible due to the generosity of suppliers who donated their respective systems: Collins Aerospace for its Avionic suite; Parker Hannifin Corp. for its fly-by wire system; Safran Power Units San Diego for the Auxiliary Power Unit; Woodward Inc. for the rudder pedal; GE Aviation Systems for the Aircraft Health Monitoring Unit; and GE Passport.

Bombardier Provides Preliminary Fourth Quarter and Full Year 2019 Financial Results and Updates on Accelerating Deleveraging Phase of Turnaround Plan

Provided by Bombardier Inc/Globe Newswire

  • Financial results expected to be below guidance, driven largely by actions at Transportation to resolve challenging projects
  • Aviation financial results largely on track
  • Company actively pursuing strategic options to accelerate deleveraging
  • Bombardier reassessing future participation in Airbus Canada Limited Partnership

All amounts in this press release are in U.S. dollars unless otherwise indicated.

MONTREAL, Jan. 16, 2020 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) today announced its preliminary results for the fourth quarter and full year 2019. The Company now expects lower than previously guided financial performance, mainly as a result of actions taken to resolve challenging rail projects, the timing of milestone payments and new orders at Transportation, and the delivery of four Global 7500 aircraft slipping into the first quarter of 2020.  

Preliminary Results for the Fourth Quarter and Full Year 2019

 Fourth Quarter 2019
Expected Results
Full Year 2019
Expected Results
Consolidated Revenues~$4.2B~$15.8B
Aviation~$2.4B~$7.5B
Transportation~$1.8B~$8.3B
Consolidated Adjusted EBIT1,2~$(130)M~$400M
Aviation~6%~7%
Transportation~(13)%~1%
Consolidated Adjusted EBITDA1,2~$0M~$830M
Free Cash Flow1~$1.0B~$(1.2)B
Aircraft deliveries (in units)58175
Business Aircraft52
Incl. 6 Global 7500
142
Incl. 11 Global 7500
Commercial Aircraft633
Backlog aat December 31, 2019  
Business aircraft~$14.4B 
Transportation~$35.7B 

1 Non-GAAP financial measures. Refer to the Caution regarding Non-GAAP financial measures below for definitions of these metrics.

2 Excludes Airbus Canada Limited Partnership (ACLP) equity pick-up.

Aviation deliveries were strong in the quarter, totalling 58 aircraft in the fourth quarter for a total of 175 aircraft for the full year. This included 11 Global 7500, six of which were delivered in the fourth quarter. The remaining Global 7500 aircraft originally scheduled for delivery in the final days of 2019 are now expected to be delivered in the first quarter of 2020. As Aviation made good progress ramping up the Global 7500, its full year adjusted EBIT margin is still expected to be approximately 7.0%, in line with full year guidance.

At Transportation, the fourth quarter adjusted EBIT loss is anticipated to be approximately $230 million. This includes a charge of approximately $350 million related to certain projects in the UK (the Aventra platform), commercial negotiations with Swiss Federal Railways (SBB), and increased production and manufacturing costs for projects in Germany.

Delays in achieving technical milestones, including multi-unit software homologation for the London Overground’s LoTrain project (an Aventra project), and execution of production ramp-up required the Company to re-align certain delivery schedules with customers and absorb additional costs. Having achieved these milestones in the fourth quarter, Bombardier has entered into commercial negotiations with customers – to reset schedules, resolve late delivery penalties, and address related provisions and costs.

Consolidated free cash flow for the fourth quarter is estimated at approximately $1.0 billion, approximately $650 million lower than anticipated. This is largely due to the timing of cash inflows from milestone payments on large Transportation projects, and the later-than-anticipated closing of certain orders and call-offs. While the free cash flow shortfall is largely expected to be recovered in 2020, the recovery will be offset by the cash flow impact of the incremental costs recognized in the fourth quarter adjustments at Transportation.

While fourth quarter financial performance at Transportation was lower than expected, the Company continues to make significant progress completing legacy projects and to take the right actions to position the business for long-term success.

Airbus Canada Limited Partnership Update (ACLP)
With its exit from Commercial Aerospace, Bombardier is reassessing its ongoing participation in ACLP.

While the A220 program continues to win in the marketplace and demonstrate its value to airlines, the latest indications of the financial plan from ACLP calls for additional cash investments to support production ramp-up, pushes out the break-even timeline, and generates a lower return over the life of the program. This may significantly impact the joint venture value. Bombardier will disclose the amount of any write-down when we complete our analysis and report our final fourth quarter and 2019 financial results.   

Acceleration of Deleveraging Phase of Turnaround

Liquidity remains strong, with year-end cash on hand of approximately $2.6 billion. The CRJ program sale to Mitsubishi Heavy Industries, Ltd (MHI) and Aerostructures sale to Spirit AeroSystems Holding, Inc., both of which are still tracking to close by mid-year, will provide an additional $1.1 billion of cash subject to customary closing adjustments. The Company has received most of the regulatory approvals required for closing of the CRJ sale.

Consistent with Bombardier’s five-year turnaround plan, and following a comprehensive review of strategic alternatives, the Company is actively pursuing options to strengthen its balance sheet and enhance shareholder value.

“Since launching our turnaround plan, we have addressed our underperforming aerospace assets, completed our heavy investment cycle, and put the Company on a solid path toward organic growth and margin expansion while prudently managing our liquidity and heavy debt load,” said Alain Bellemare, President and Chief Executive Officer, Bombardier Inc. “The final step in our turnaround is to de-lever and solve our capital structure. We are actively pursuing alternatives that would allow us to accelerate our debt paydown. The objective is to position the business for long-term success with greater operating and financial flexibility.”

The Company will provide additional information when it reports its fourth quarter and full year 2019 financial results on February 13, 2020. 

Latécoère Enters into an Agreement to Acquire Bombardier’s Electrical Wiring Interconnection System Business in Querétaro

Provided by Bombardier Inc/CNW

December 31, 2019Source: Bombardier Business Aircraft

  • Latécoère to acquire EWIS activities and related assets as well as a skilled workforce specializing in harnessing and electrical sub-assemblies in Querétaro
  • Agreement promotes long-term relationship with Latécoère and supports the optimization of Bombardier Aviation  
  • Bombardier continues to produce major structures at its high-tech main campus in Querétaro, including the aft fuselage for the Global family of jets

TOULOUSE, France and MONTREAL, Dec. 31, 2019 (GLOBE NEWSWIRE) — Latécoère and Bombardier announced that the companies have entered into a definitive agreement, whereby Latécoère will acquire Bombardier’s electrical wiring interconnection system (EWIS) assets in Querétaro, Mexico. The two companies also concluded a long-term supply agreement that will see Latécoère supply Bombardier with electrical wiring interconnection systems.

The transaction is subject to customary conditions and approvals and is expected to close in the first half of 2020.

Approximately 700 skilled employees are dedicated to the manufacture of EWIS at Bombardier’s facility in Querétaro. Under the long-term supply agreement, Latécoère will continue to supply the EWIS for all Bombardier Aviation platforms, including GlobalChallenger and Learjet aircraft from the current location to support Bombardier’s requirements. The annual turnover of the business is anticipated to be around USD 80 million.

“This acquisition reflects our willingness to emerge as a leading player in the global consolidation movement in the aeronautics sector,” said Yannick Assouad, CEO of Latécoère. “We keep deploying our manufacturing footprint on an international scale with a strong desire to strengthen our presence in the areas closest to our customers,” she added.

“This agreement exemplifies Bombardier’s focus on streamlining its activities to foster a strong and efficient aviation franchise,” said Paul Sislian, Chief Operating Officer, Bombardier Aviation. “With Latécoère’s reputation for excellence, this new partnership will result in a winning combination for both our companies.”

Under the terms of the transaction, Latécoère will pay Bombardier a cash consideration of USD 50 million. The transaction further supports Bombardier Aviation’s transformation and sharpens the company’s focus on its core manufacturing capabilities. The skilled employees who manufacture the main harnesses and electrical subassemblies in Querétaro will bring years of experience and value to Latécoère. The sale will not impact the remainder of Bombardier’s operations at its Querétaro site, which will continue to produce major structures for Bombardier aircraft, such as the aft fuselage for the Global family of business aircraft – including the company’s flagship Global 7500 jet – the most complex aircraft component manufactured in Mexico.

City of Mississauga Welcomes new Bombardier Global Manufacturing Centre

Provided by City of Mississauga/CNW

MISSISSAUGA, ON, Dec. 4, 2019 /CNW/ – Bombardier has announced that Mississauga will be home to a new global manufacturing centre for its Global business jets. The 41.2 acre facility will be located on Toronto Pearson Lands.

City of Mississauga Welcomes new Bombardier Global Manufacturing Centre (CNW Group/City of Mississauga)
City of Mississauga Welcomes new Bombardier Global Manufacturing Centre (CNW Group/City of Mississauga)

“Mississauga is thrilled to welcome Bombardier to our city – a leading global aerospace hub and home to Canada’s largest aerospace sector,” said Mississauga Mayor Bonnie Crombie. “Bombardier could have picked anywhere in the world to locate their Global Manufacturing Centre but they chose Mississauga. Not only will this investment support jobs and attract talent, but it will also boost economic growth and help raise Mississauga’s profile as a global aerospace hub where innovation in aerospace thrives.”

The new one million square foot facility will see the final assembly line for the manufacturing of Bombardier’s Global business jets and includes a hangar space for pre-flight activities.

“Businesses choose Mississauga because the City is supportive and provides an innovative environment for them to grow and flourish,” said Bonnie Brown, Director of Economic Development. “Mississauga is very attractive to global aerospace companies looking for the right conditions such as a talented and highly educated workforce that can support a large Original Equipment Manufacturer (OEM), like Bombardier. Our commitment to growing Mississauga’s aerospace cluster has been very successful in helping us achieve our economic goals and attracting new investment.”

The new facility will have the capacity to build up to 100 aircraft a year and will support thousands of jobs.

“Today, I’m very excited to announce the relocation of our Global aircraft family production activities to a new, cutting-edge manufacturing facility at Toronto Pearson. This is a strategic move for Bombardier and a strong commitment to Ontario’s aerospace industry. It will allow us to offer world-class career opportunities and continue fueling the economic development of the region for years to come,” said Alain Bellemare, President and Chief Executive Officer, Bombardier Inc.

Bombardier long-term lease deal welcome news for aerospace workers

Provided by Unifor/CNW

TORONTO, Dec. 4, 2019 /CNW/ – Unifor welcomes Bombardier’s announcement of a long-term lease agreement with the Greater Toronto Airports Authority (GTAA) to build the new Global Manufacturing Centre located at Toronto Pearson International Airport.

“The announcement of this new manufacturing facility is an important step in advancing the long term job security of our members at the Bombardier Downsview facility,” said Jerry Dias, Unifor National President. “These are hardworking, highly skilled, and well trained workers who can look forward to a more secure future at the new location.”

The Downsview facility currently employs 2,100 Unifor members represented by locals 112 and 673 in the production, office, and technical divisions as well as numerous other direct and indirect jobs. In 2018, Bombardier announced its intention to sell the facility creating anxiety and uncertainty for workers.

“We wanted reassurance that Bombardier would continue to assemble the Global family of aircraft in the Toronto area, and todays announcement provides it,” said Scott McIlmoyle, President of Unifor Local 112. “Our members have been through a lot recently. I couldn’t be happier for them.”

“I am proud of the determination and resolve our members showed throughout the past year of uncertainty,” said Maryellen McIlmoyle, President of Unifor Local 673. “This agreement brings tremendous relief to Bombardier workers and their families.”

The long-term lease agreement with the GTAA runs until 2058 and the new facility’s planned completion date is in 2023.

In addition to selling the Downsview property in 2018, Bombardier also sold its Q400 aircraft program to De Havilland Aircraft Company. The Q400 is currently assembled at Downsview.

De Havilland workers are also members of Unifor Local 112 and 673. Both locals and Unifor National will continue to work with De Havilland and all levels of government in an effort to secure the Q400 program beyond 2022.

Unifor is Canada’s largest union in the private sector, representing 315,000 workers in every major area of the economy. The union advocates for all working people and their rights, fights for equality and social justice in Canada and abroad, and strives to create progressive change for a better future.

SOURCE Unifor

Bombardier Teams with Texas State Technical College on Apprenticeship Program to Develop Local Talent, Manufacture Global 7500 Wing

Provided by Bombardier Business Aircraft/Globe Newswire

  • Bombardier Aviation Apprenticeship Program (BAAP) will support growth of Global 7500 Advanced Metal Wing manufacture in Red Oak, Texas
  • Comprehensive six-month program offers students chance to enter high-tech aerospace field with no formal training, charting course for great career
  • New initiative will help grow grassroots aerospace pipeline in Red Oak

RED OAK, Texas, Dec. 03, 2019 (GLOBE NEWSWIRE) — Bombardier today announced the establishment of a new aviation apprenticeship training program in association with Texas State Technical College (TSTC) in Red Oak, Texas, designed to develop local talent, drive regional aerospace growth and provide support for the manufacture of the Advanced Metallic Wing for the Global 7500 aircraft at its Red Oak facility.

The two-year Bombardier Aviation Apprenticeship Program (BAAP) will offer students a chance to enter the high-tech aerospace sector with no formal qualifications. It challenges them to present a winning attitude and develop mechanical dexterity and sound logic skills to be able to pass an entry-level aptitude test. In turn, Bombardier and TSTC will 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.

“The growth of Bombardier’s Global 7500 program is paramount to the future success and development of Bombardier Aviation – and this new apprenticeship program will foster the development of a talent pipeline necessary to keep up with all of our customer demands,” said Paul Sislian, Chief Operating Officer, Bombardier Aviation. “This new program will also create strong partnerships with local, state, and federal level government bodies in the Red Oak region, bringing world-class training opportunities and cementing Bombardier Aviation into the community.”

“TSTC is extremely excited about the opportunity to partner with Bombardier on the Aviation Apprenticeship Program,” said Marcus Balch, provost of Texas State Technical College’s North Texas campus in Red Oak. “We are thrilled to be a part of training program participants from right here in the area that will ultimately live here and work here in Red Oak and the surrounding communities. This program is a prime example of the type of strategic partnerships that TSTC desires to build moving forward. The Bombardier team and the City of Red Oak have been a pleasure to work with, and the plan is continue this partnership for many years to come!”

The BAAP training program will offer the perfect blend of practical and on-the-job training. Key elements 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 much more.

Among the design innovations that set Bombardier’s Global 7500 aircraft apart from its competitors is its advanced wing design. With its sophisticated slats and flap system, the aircraft’s wing maximizes aerodynamic efficiency and performance for improved safety and an exceptionally smooth ride.

Bombardier expands sustainable aviation fuel offering

News provided by FlightGlobal – link to full story and updates

03 DECEMBER, 2019 – FLIGHT INTERNATIONAL BY: KATE SARSFIELD, LONDON

Bombardier is stepping up its commitment to helping reduce the carbon footprint of business aviation, with its headquarters in Montreal becoming the first facility outside the USA to take delivery of sustainable aviation fuel (SAF).

The arrival of 27,600 litres (7,300USgal) of cooking oil-based biofuel at the Dorval manufacturing plant also represents another step in the airframer’s ambition to secure a long-term supply of SAF across its global facilities, as sustainable fuel becomes more readily available.

Asset Image
Bombardier

The shipment in Montreal will fuel new deliveries of Challenger 350 and 650 business jets, but Bombardier says it will boost the supply next year to include new Global 7500, 6500 and 6000 shipments.

“We are proud to offer [SAF] for the first time at one of our Canadian facilities, and it’s only the beginning,” says David Coleal, president of Bombardier Aviation.

He says Bombardier is “working toward ensuring that the use of these fuels becomes a standard in our day-to-day operations as we do our part to reduce CO2 emissions worldwide, and meet the long-standing industry climate pledge”. In 2009, the business aviation community developed an aggressive programme in support of ICAO environmental goals. Its targets include achieving carbon-neutral growth by 2020, and a reduction in total CO2 emissions of 50% by 2050 relative to 2005.

Since 2017, Bombardier has used a supply of SAF during demonstration flights at its US facility in Hartford, Connecticut. The company also flies its biofuel-powered demonstrator fleet to major air shows and events to raise industry awareness of SAF, it says as “a mainstream, drop-in alternative to traditional jet fuel” for business aircraft.

“At Bombardier, we build our aircraft with the future in mind,” Coleal says. He cites as an example the new Rolls-Royce Pearl 15 engine. “Purpose-built” for the recently certificated Global 5500 and 6500, he says the 15,125lb (67.3kN)-thrust turbofan makes long rang-twins “cleaner and more efficient, with an up to 13% fuel-burn advantage, contributing to highly favourable operating costs”.

Similarly, he says, the GE Aviation Passport engine, designed specifically for the flagship Global 7500, powers the ultra-long-range business jet “to speeds of up to Mach 0.925 with dependable reliability and greater fuel efficiency”.

Bombardier Global 7500 Aircraft Receives Prestigious 2019 Ontario Professional Engineers Award

Provided by Bombardier Inc/Globe Newswire

  • Award honours Bombardier’s world-class engineering teams for their ground-breaking work on the design of Global 7500 business jet
  • Engineering effort involved coordination and collaboration with numerous major structural and systems suppliers
  • Aircraft assembled at Bombardier facility in Toronto using innovative and cutting-edge technology
  • The Global 7500 aircraft development program has positively influenced the Ontario aerospace sector
  • With its unrivaled combination of cabin comfort, long-range capabilities and signature smooth ride, the Global 7500 aircraft defines a new category of business jets

TORONTO, Nov. 19, 2019 (GLOBE NEWSWIRE) — Bombardier’s multi-award winning Global 7500 business jet added another prestigious award to its growing list of accolades. The industry flagship is the 2019 recipient of the Ontario Professional Engineers Award (OPEA) for Engineering Project or Achievement, which is presented annually to a major project developed with significant input by Ontario engineers. The award, co-sponsored by the Ontario Society of Professional Engineers and Professional Engineers Ontario, was presented at the OPEA gala held in Mississauga on November 16, 2019.

“Our Global 7500 business jet has redefined the limits of business aviation, and we are very proud that it is built using state-of-the-art manufacturing tools and processes at our Toronto facility,” said Michel Ouellette, Senior Vice President, Program Management and Engineering, Bombardier Aviation. “Of the string of awards this impressive aircraft has already received, this recognition from our home peers is particularly satisfying because it honours Bombardier’s world-class engineering leadership and the ground-breaking engineering efforts that helped bring the design of this technologically advanced aircraft to the market.”

The clean-sheet and innovative Global 7500 aircraft design and development involved the collaboration of more than 2,000 Bombardier engineers and suppliers. The engineering effort entailed millions of person hours invested by dozens of teams and involved coordination and teamwork of numerous major structural and systems suppliers.

Among the many design innovations that set Bombardier’s Global 7500 aircraft apart from its competitors is its advanced wing design. With its sophisticated slats and flap system, the aircraft’s wing maximizes aerodynamic efficiency and performance for improved safety and an exceptionally smooth ride. The Global 7500 aircraft also outpaces its rivals in performance, with a proven ability to fly farther, faster, and with its unique steep-approach capability, provides passengers access to challenging airports such as London City. In the cockpit, the next generation fly-by-wire technology blends advanced avionics with exceptional ergonomics and control to ensure the most complete flight envelope protection.

The design innovation extends to the manufacturing process as well. The aircraft is assembled at Bombardier’s Toronto facility using innovative and highly repeatable processes. Cutting-edge technology, such as laser-guided positioning combined with sophisticated robotics, contribute to predictable outcomes and the highest quality standards on each aircraft.

The development of the Global 7500 aircraft has positively influenced the Ontario aerospace sector in the past decade, expanding the range of experience and capabilities of engineers, technicians and technologists in the province.

In addition to the 2019 OPEA Award, the Global 7500 aircraft has been recognized as Business Jet of the Year in Robb Report’s Best of the Best 2019, winner of the 2019 Aviation Week Grand Laureate Award in the Business Aviation category and has earned a 2018 Red Dot award for design.

The newest Global aircraft are receiving strong interest from the business aviation market. Bombardier Aviation maintains a robust and industry-leading backlog of $15.3 billion with the Global 7500 forming a solid portion of that backlog, which is well distributed over the next few years.