Articles from Bombardier Inc.

MONTREAL, April 01, 2025 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.B) (“Bombardier” or the “Corporation”) confirmed today that its new normal course issuer bid (the “NCIB”) will commence on April 3, 2025. The Toronto Stock Exchange (the “TSX”) has approved purchases of, from April 3, 2025 to April 2, 2026, up to 600,000 of its Class A shares (multiple voting) (“Class A shares”), representing approximately 4.86% of the 12,349,278 Class A shares issued and outstanding as of March 23, 2025, and up to 4,300,000 of its Class B shares (subordinate voting) (“Class B subordinate voting shares”), representing approximately 5% of the 86,045,894 Class B subordinate voting shares issued and outstanding as of March 23, 2025 (such number being net of 1,622,807 Class B subordinate voting shares held in the Trust Account (as defined hereinafter) as of February 28, 2025).

MONTRÉAL, March 21, 2025 (GLOBE NEWSWIRE) -- Bombardier is pleased to announce it has added a new Line Maintenance Station (LMS) in Perth, Australia, further complementing its customer service footprint in the region and expanding its network of certified aircraft technicians. The company is also planning to open a second Line Maintenance Station in Sydney, Australia, later this year.*

MONTREAL, March 07, 2025 (GLOBE NEWSWIRE) -- Bombardier is proud to announce that it has been recognized as an Aviation Week Laureate Award winner for the publication of Environmental Product Declarations (EPDs) for all its in-production aircraft. This honor acknowledges its pioneering efforts in environmental disclosure within the aerospace industry. The initiative, a significant undertaking led by Bombardier’s Aircraft Innovation team and involving multiple internal and external parties, aims to measure and communicate the environmental footprint of the company’s aircraft over their full life cycle, and embodies its spirit of progress, innovation, and leadership.

MONTRÉAL, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.B) today announced solid fourth quarter and full-year 2024 financial results, closing out the company’s fourth consecutive year of sustained growth across all key metrics.

MONTRÉAL, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Bombardier (TSX: BBD.B) will publish its financial results for the fourth quarter and full year 2024 on February 6, 2025.

MONTRÉAL, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed US$300 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Redemption Notes”) as set forth in the notice of partial redemption issued December 10, 2024.

MONTRÉAL, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a notice of partial redemption for US$300 million aggregate principal amount of its outstanding 7.875% Senior Notes due 2027 (the “2027 Notes”), which redemption will be paid using cash from its balance sheet. As set forth in the notice of partial redemption issued today in respect of the 2027 Notes, the redemption date is January 9, 2025, and the redemption price for the 2027 Notes is 100.00% of the principal amount redeemed, plus accrued and unpaid interest.

MONTRÉAL, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today confirmed that it has reached an agreement to settle its lawsuit against Honeywell International Inc. (“Honeywell”) that it initially filed in 2016 before the Superior Court of Québec. The settlement resolves the lawsuit and the pending request for appeal before the Supreme Court of Canada. The terms of the settlement agreement are confidential to both parties.

MONTRÉAL, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Bombardier today announced the appointment of Caroline Maso as Chief Human Resources Officer. Ms. Maso will report directly to Éric Martel, President and CEO of Bombardier and, effective early in the new year, will lead Bombardier’s worldwide Human Resources practice with a focus on ensuring Bombardier is a best-in-class employer in every country the company operates.

MONTRÉAL, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Bombardier (BBD-B.TO) today announced that it will participate in Bank of America’s Leveraged Finance Conference on December 3 in Boca Raton, Florida and in Goldman Sachs’ Industrials and Materials Conference on December 4 in New York, New York.

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

MONTRÉAL, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Bombardier is proud to celebrate the delivery of the 100th Challenger 3500 aircraft, the latest addition to its industry-leading portfolio of aircraft. Since entering service in 2022, the Challenger 3500 aircraft has delivered unmatched versatility, the lowest direct operating costs in its class and rock-solid reliability, and quickly became a top choice for charter operators and corporations around the world. With this new milestone, the Challenger 3500 aircraft sets a new standard and becomes the fastest super-midsize business jet to reach 100 deliveries in history.

WICHITA, Kan., Oct. 23, 2024 (GLOBE NEWSWIRE) -- HENSOLDT, Lufthansa Technik Defense and Bombardier Defense today announced that the PEGASUS aircraft has completed its first flight out of Bombardier’s facility in Wichita, Kansas. Led by HENSOLDT, PEGASUS is an airborne missionized platform that will integrate the Kalætron Integral SIGINT system to perform highly critical signal surveillance missions for the German armed forces. As the aircraft officially enters its next phase and is moving one step closer to the Lufthansa Technik Defense-led systems integration and certification, a celebration was held to mark the PEGASUS aircraft’s first flight. Representatives from HENSOLDT, Lufthansa Technik and Bombardier Defense as well as representatives from the German Armed Forces traveled from Germany, Canada, and across the United States to gather in Wichita and celebrate this pivotal program milestone.

MONTRÉAL, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Bombardier will proudly take part in the 2024 edition of NBAA-BACE in Las Vegas, NV, on Oct. 22-24. With a diversified presence at the show highlighting its long-standing leadership in innovation, safety, sustainability and setting the highest standard in business aviation, Bombardier will demonstrate its commitment to continuously push the industry forward.

MONTRÉAL, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Bombardier (TSX: BBD.B) will publish its financial results for the third quarter of 2024 on November 7, 2024.

MONTRÉAL, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Bombardier has awarded 26 of its suppliers with the prestigious Diamond certification, in recognition of their outstanding operational performance for 2023, as well as their dedication to upholding high quality standards and to continuous improvement. Bombardier will present the awards to its Diamond suppliers during a ceremony to be held in Montréal on September 16, 2024.   

MONTRÉAL, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Bombardier (TSX: BBD.B) is proud to announce that it has ranked on the TSX30 list for the second year in a row. The ranking, announced today, recognizes the 30 best performing stocks on TSX over a three-year period ended on June 30, 2024. Bombardier’s three-year dividend adjusted share price grew 200% in this period, while its three-year market cap increased by 208%. Bombardier first made the TSX30 list in 2023 and is once again the only aerospace company in the ranking.

MONTRÉAL, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Bombardier (BBD-B.TO) today announced that it will participate in three conferences for the month of September.

MONTRÉAL, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Bombardier announced today it has joined forces with Alinghi Red Bull Racing as an official supplier. This new partnership brings together two teams devoted to pushing the boundaries, reaching the pinnacle of engineering and innovation in their pursuit to go faster, farther and better, be it over the waves or in the skies. The Alinghi Red Bull Racing team is returning this year in full force to compete in the most prestigious race in sailing, the America’s Cup, with its impressive BoatOne, just as Bombardier prepares to launch the Bombardier Global 8000, which will be the fastest business jet in the skies.  

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

MONTREAL, July 23, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. ("Bombardier" or the "Company") announced that it intends to vigorously defend itself against a class action which the Superior Court of Québec only partially authorized Plaintiff Jérôme Gauthier to institute against it (the “Authorization Decision”). Bombardier denies any wrongdoing.

MONTRÉAL, July 22, 2024 (GLOBE NEWSWIRE) -- Bombardier is pleased to announce that it has added a new line maintenance station in Farnborough, UK further complementing its customer service footprint in Europe. The introduction of the new option builds on the turnkey, OEM service Bombardier customers receive in the region.

MONTRÉAL, July 18, 2024 (GLOBE NEWSWIRE) -- Bombardier (TSX: BBD.B) will publish its financial results for the second quarter of 2024 on July 25, 2024.

MONTRÉAL, July 16, 2024 (GLOBE NEWSWIRE) -- Bombardier announced today that more than 3,000 solar panels have been installed on the roof of Bombardier’s London Biggin Hill Service Centre located at the London Biggin Hill Airport, underscoring its commitment to promote sustainable practices within the aviation industry and to reduce its energy consumption at its worldwide facilities.

MONTRÉAL, July 10, 2024 (GLOBE NEWSWIRE) -- Bombardier announced today that Unifor’s Locals 112 and 673 members, working at the company’s Aircraft Assembly Centre in the Greater Toronto area, have voted in favour of ratifying a renewed 3-year collective agreement.

MONTREAL, July 02, 2024 (GLOBE NEWSWIRE) -- Bombardier expects its supply contracts to be maintained to the highest standards of quality and performance. The company remains actively engaged with Spirit as part of ordinary course of business under existing contracts.

MONTRÉAL, June 05, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has successfully closed its previously announced offering of US$750 million aggregate principal amount of Senior Notes due 2032 (the “New Notes”). The New Notes carry a coupon of 7.000% per annum, mature on June 1, 2032 and were sold at par.

MONTRÉAL, June 05, 2024 (GLOBE NEWSWIRE) -- Bombardier is proud to share that S&P Global Ratings has upgraded the company’s credit rating from B to B+, while maintaining a stable outlook. This most recent upgrade highlights Bombardier’s strength and resiliency, as well the effectiveness of our team’s strategic and disciplined financial management, which has allowed us to steadily meet or exceed the company’s guidance for the past three years.

MONTRÉAL, June 03, 2024 (GLOBE NEWSWIRE) -- Bombardier (BBD-B.TO) today announced that it will participate in the National Bank Financial Markets’ 14th Annual Quebec Conference on June 5th. Bombardier’s Executive Vice President and Chief Financial Officer, Bart Demosky will be in attendance.

MONTRÉAL, May 27, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier” or “Company”) announced that it intends to vigorously defend itself in a class action, which the Superior Court of Québec has authorized Plaintiff Denis Gauthier to institute for damages against it under the Québec Securities Act (the “Authorization Decision”). Bombardier and the individual defendants deny any wrongdoing.

MONTRÉAL, May 21, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has successfully priced its offering of US$750 million aggregate principal amount of new Senior Notes due June 1, 2032. The new Senior Notes will carry a coupon of 7.000% per annum and will be sold at par (the “New Notes”). The issuance of the New Notes is expected to close on or about June 5, 2024, subject to customary closing conditions.

MONTRÉAL, May 21, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a conditional notice of partial redemption for US$338 million aggregate principal amount of its outstanding 7.125% Senior Notes due 2026 (the “2026 Notes”), and a conditional notice of partial redemption for US$450 million aggregate principal amount of its outstanding 7.875% Senior Notes due 2027 (the “2027 Notes” and, together with the 2026 Notes, the “Redemption Notes”). As set forth in the conditional notice of partial redemption issued today in respect of the 2026 Notes, the redemption date is June 20, 2024, and the redemption price for the 2026 Notes is 101.781% of the principal amount redeemed, plus accrued and unpaid interest. As set forth in the conditional notice of partial redemption issued today in respect of the 2027 Notes, the redemption date is June 20, 2024, and the redemption price for the 2027 Notes is 100.00% of the principal amount redeemed, plus accrued and unpaid interest. Each redemption of the Redemption Notes is subject to and conditioned upon Bombardier completing a new offering of debt securities in the aggregate principal amount of not less than US$750 million before the June 20, 2024 redemption dates; however, Bombardier may delay or waive this condition in its sole and absolute discretion. 

MONTREAL, May 21, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has launched an offering of US$500 million aggregate principal amount of new Senior Notes due 2032 (the “New Notes”).

MONTRÉAL, May 21, 2024 (GLOBE NEWSWIRE) -- Bombardier is pleased to announce that it has inaugurated a new Bombardier Defense office in Adelaide, Australia, increasing its presence in the country. The addition of this new location allows Bombardier to provide an enhanced level of service to its special mission customers in this important market. Bombardier Defense’s new office will provide customers with an anchor point to meet with the company’s exceptional team and to explore Bombardier’s Challenger and Global aircraft families, best suited for civilian, military and hybrid mission types.

MONTRÉAL, May 06, 2024 (GLOBE NEWSWIRE) -- Bombardier (BBD-B.TO) today announced that it will participate in two investor conferences in the month of May. Bombardier senior executives will also be in attendance to meet with investors and answer questions.

MONTRÉAL, May 03, 2024 (GLOBE NEWSWIRE) -- The entire Bombardier team is proud to celebrate Moody’s rating upgrade announced yesterday. This most recent upgrade places Bombardier at a B1 rating with a stable outlook and reflects the company’s consistent performance to date throughout its turnaround. As we outlined in our 2024 Investor Day this week, we have a strong foundation upon which to keep improving key balance sheet metrics.

MONTRÉAL, May 01, 2024 (GLOBE NEWSWIRE) -- Bombardier today announced that its long-valued client NetJets has been revealed as the previously confidential buyer of 12 Challenger 3500 aircraft. The firm transaction initially announced in December 2023 was valued at US$326.4 million based on list prices at the time of signing, but the landmark deal could be more than US$6 billion if all optional 232 Challenger 3500 jets are exercised over time.

MONTREAL, May 01, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.B) will host its Investor Day on May 1st, 2024, at its new state-of-the-art Aircraft Assembly Centre at Pearson Airport in Toronto. During the event – which will be webcast live – Bombardier’s executive leadership will review the company’s strong performance over the past three years and provide an in-depth look at how the company is set to meet its 2025 commitments.

MONTRÉAL, April 25, 2024 (GLOBE NEWSWIRE) -- Bombardier announces that all nominees in its management proxy circular dated March 8, 2024, were elected as directors of Bombardier Inc. during its annual general meeting of shareholders held earlier today. Detailed results of the ballot for the election of directors are below.

MONTRÉAL, April 25, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.B) reported today its financial results for the first quarter of 2024, marked by a robust increase in service revenues and order activity. The company sold 60% more jets in the first quarter of 2024 compared to 2023, bringing backlog(5) up to $14.9 billion. Bombardier’s production plan remains on track to meet full-year 2024 delivery guidance(7).

MONTRÉAL, April 22, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed US$200 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Redemption Notes”) as set forth in the notice of partial redemption issued March 22, 2024.

MONTRÉAL, April 22, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier” or the “Corporation”) announced today that its cash tender offer previously announced on March 22, 2024 (as previously amended, the “Tender Offer”) to purchase for cash up to US$550,000,000 aggregate purchase price (exclusive of accrued and unpaid interest, the “Aggregate Maximum Purchase Amount”) of its outstanding 7.125% Senior Notes due 2026 (the “Notes”), expired at the Expiration Date, 5:00 P.M., New York City time, on April 19, 2024. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Offer to Purchase dated March 22, 2024 (as amended by the Corporation’s press release titled “Bombardier Increases the Maximum Amount Sought Under its Cash Tender Offer Previously Announced Today” dated March 22, 2024, the “Offer to Purchase”) with respect to the Tender Offer.

MONTRÉAL, April 18, 2024 (GLOBE NEWSWIRE) -- Bombardier (TSX: BBD.B) will publish its financial results for the first quarter of 2024 on April 25, 2024. That same day, Bombardier will hold its Annual General Meeting of Shareholders (“Meeting”) in a virtual format.

MONTRÉAL, April 04, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier” or the “Corporation”) today announced certain matters with respect to its cash tender offer previously announced on March 22, 2024 (as it may be amended from time to time, the “Tender Offer”) to purchase for cash up to US$550,000,000 aggregate purchase price (exclusive of accrued and unpaid interest, and as such aggregate purchase price may be increased or decreased by the Corporation, the “Aggregate Maximum Purchase Amount”) of its outstanding 7.125% Senior Notes due 2026 (the “Notes”), subject to possible proration and other terms and conditions set forth in the Offer to Purchase (as defined below). Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Offer to Purchase dated March 22, 2024 (as amended by the Corporation’s press release titled “Bombardier Increases the Maximum Amount Sought Under its Cash Tender Offer Previously Announced Today” dated March 22, 2024, the “Offer to Purchase”) with respect to the Tender Offer.

MONTRÉAL, April 04, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has successfully closed its previously announced offering of US$750 million aggregate principal amount of Senior Notes due 2031 (the “New Notes”). The New Notes carry a coupon of 7.250% per annum, mature on July 1, 2031 and were sold at 99.75% of par.

MONTRÉAL, April 03, 2024 (GLOBE NEWSWIRE) -- Bombardier today became the only business jet manufacturer to ever disclose the scientifically-analyzed environmental impact of its entire product portfolio. The publication of an Environmental Product Declaration (EPD) for its Challenger 650 business jet is the crowning milestone to Bombardier’s commitment of developing and publishing EPDs for all its in-production aircraft by 2025.

MONTRÉAL, April 01, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.B) (“Bombardier” or the “Corporation”) confirmed today that its new normal course issuer bid (the “New NCIB”) will commence on April 3, 2024, following the early termination of its current normal course issuer bid. The Toronto Stock Exchange (the “TSX”) has approved purchases, from April 3, 2024 to April 2, 2025, up to 1,750,000 of its Class B shares (subordinate voting) under the New NCIB, representing approximately 2.05% of the 85,307,628 Class B shares (subordinate voting) issued and outstanding as of March 21, 2024 (such number being net of 1,993,445 Class B shares (subordinate voting) held in the Trust Account (as defined hereinafter) as of March 21, 2024). The Corporation’s current normal course issuer bid commenced on May 23, 2023 for a 12-month period that would have ended May 22, 2024 (the “2023 NCIB”) for a maximum of 600,000 Class B shares (subordinate voting). The maximum amount of shares under the 2023 NCIB have been purchased. As permitted by the TSX, the 2023 NCIB will terminate early on April 2, 2024, the day prior to the effective date of the New NCIB.

MONTREAL, March 27, 2024 (GLOBE NEWSWIRE) -- Bombardier today announced that its industry-defining Global 7500 is actively touring Asia this week with planned customer meetings in Hong Kong, Beijing, and Seoul. These exclusive touch points come fresh on the heels of an incredibly successful month for the Global 7500, as it recently just set more than 30 flight records(1) – the latest accomplishments that shine a light on the undisputed leader in the ultra-long-range class. Simply put, the Global 7500 is the most luxurious, reliable and productive business jet in the skies today.

MONTRÉAL, March 25, 2024 (GLOBE NEWSWIRE) -- Bombardier today celebrated more impressive speed records on the Global 7500 aircraft, bringing the total to more than 30 and counting. The most recent records, including travelling from Farnborough to Muharraq and Phoenix to Paris, mark the latest accomplishment for the Global 7500 business jet, the undisputed leader in the ultra-long-range class – the most luxurious, reliable and productive business jet in the skies today.

MONTRÉAL, March 22, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has successfully priced its offering of US$750 million aggregate principal amount of new Senior Notes due July 1, 2031. The new Senior Notes will carry a coupon of 7.250% per annum and will be sold at 99.75% of par (the “New Notes”). The issuance of the New Notes is expected to close on or about April 4, 2024, subject to customary closing conditions.

MONTRÉAL, March 22, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a conditional notice of partial redemption for US$200 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Notes”). As set forth in the conditional notice of partial redemption issued today in respect of the Notes, the redemption date is April 22, 2024 (the “Redemption Date”), and the redemption price is 100.00% of the principal amount redeemed, plus accrued and unpaid interest. The redemption of the Notes is subject to and conditioned upon Bombardier completing a new offering of debt securities in the aggregate principal amount of not less than US$750 million before the Redemption Date; however, Bombardier may delay or waive this condition in its sole and absolute discretion. 

MONTRÉAL, March 22, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier” or the “Company”) today announced an amendment with respect to its cash tender offer previously announced on March 22, 2024 (the “Tender Offer”) to purchase for cash up to US$400,000,000 aggregate purchase price (exclusive of accrued and unpaid interest, and as such aggregate purchase price may be increased or decreased by the Company, the “Aggregate Maximum Purchase Amount”) of its outstanding 7.125% Senior Notes due 2026 (the “Notes”). Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Offer to Purchase dated March 22, 2024 (as amended hereby, the “Offer to Purchase”) with respect to the Tender Offer.

MONTRÉAL, March 22, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier” or the “Company”) today announced the commencement of a tender offer (the “Tender Offer”) to purchase for cash up to US$400,000,000 aggregate purchase price (exclusive of accrued and unpaid interest) (as such aggregate purchase price may be increased or decreased by the Company, the “Aggregate Maximum Purchase Amount”) of its outstanding Notes listed in the table below (the “Notes”). The Tender Offer will be financed, together with cash on hand, by the amounts raised in Bombardier’s offering of new Senior Notes (the “New Offering”) (net of transaction fees and expenses). The Tender Offer is being made pursuant to an Offer to Purchase dated March 22, 2024 (the “Offer to Purchase”).

MONTRÉAL, March 21, 2024 (GLOBE NEWSWIRE) -- Bombardier (TSX: BBD.B) today announced it will be hosting its Investor Day on May 1, 2024, at its Bombardier Aircraft Assembly Centre in Toronto. Éric Martel, Bombardier’s President and Chief Executive Officer, and Bart Demosky, Bombardier’s Executive Vice President and Chief Financial Officer, will be joined by members of Bombardier’s senior leadership team to provide an update on the company’s strategic priorities and outlook. They will also give more insight into how Bombardier is poised to create significant long-term value for its stakeholders through our strategic pillars – such as Bombardier Defense, aftermarket expansion, and our industry-leading product portfolio.