Having received all required regulatory approvals, Airbus, Bombardier and Investissement Québec have agreed to close the C Series transaction effective on July 1st. The transaction by which Airbus will acquire a majority stake in the C Series Aircraft Partnership was initially announced in October 2017. The Mirabel-based partnership, which was originally established between Bombardier and […]
Ethiopian Airlines, Ethiopia’s flag carrier and one of the largest airlines in Africa, signed a firm $332 million-worth order to purchase ten Bombardier Q400 turboprop planes, the Canadian manufacturer announced on April 27, 2018. The order also includes purchase rights for five additional Q400 aircraft. “The Bombardier turboprops continue to deliver unmatched performance to our operators, […]
Airbus could decide to change the C Series into the A200 family, reports Bloomberg. According to anonymous sources, the CS100 and CS300 would respectively become A210 and A230. This would come as a way for the European manufacturer to harmonize its catalogue. The change of name could be announced during the officialization of the partnership […]
Britain will, for the first time, provide financial support for exports of Bombardier’s CSeries passenger jets to a major Asian airline, weeks after the Canadian plane maker won a trade dispute against its U.S. rival Boeing. The decision, experts say, signifies a power shift in the aerospace industry and is a fresh blow to Boeing […]
On January 26, 2018, the International Trade Commission (ITC) ruled in favor of the Canadian plane maker Bombardier in a trade dispute initiated by U.S. rival Boeing. Both Bombardier and Delta Airlines immediately applaud the decision not to impose a 300% trade tax on Bombardier’s C Series jets imported to the United States. Boeing, however, […]
Bombardier Commercial Aircraft concluded a firm purchase agreement for two new Q400 turboprops with Nordic Aviation Capital (NAC) in September 2017. NAC will lease these two Q400 aircraft to Jambojet, based in Nairobi, Kenya. Based on the list price of the Q400 aircraft, the firm order is valued at approximately $64 million. With the addition […]
On October 16, 2017, Airbus announced plans to buy a majority stake in the Bombardier C Series jetliner program, potentially providing the Canadian planemaker a way out from the trade dispute with Boeing. Key points of the deal As a result of the deal, Airbus will acquire a 50.01% interest in C Series Aircraft Limited […]
The United States secretary of commerce, Wilbur Ross, has announced a ruling against Bombardier in a dispute with Boeing. The American plane manufacturer had complained Bombardier got unfair state subsidies from both the UK and Canada, helping it win a major order from Delta Air Lines. In response, a preliminary interim tariff of 220 per […]
Bombardier Commercial Aircraft released its 20-year Market Forecast for the 60- to 150-seat segment. According to this new 2017-2036 Market Forecast, the 60- to 150-seat seat segment will be a catalyst to further growth, market penetration and airline profitability. “The outlook for our markets is strong,” said Fred Cromer, President, Bombardier Commercial Aircraft. “We are […]
Bombardier is facing public anger over the significant pay raise provided to top-level executives, which coincided with layoffs affecting thousands of the company’s workers worldwide. The total pay of Canadian aircraft and train manufacturer’s top 5 executives and CEO rose to $32.7 million in 2016, compared to $21.9 million in 2015, according to a proxy […]
