Bombardier Inc.

April 23, 2008 - 6:36am

Bombardier Aerospace officially opened last month its Commercial Service Center (CSC) in Mirabel, Quebec, Canada. The CSC is “dedicated to the specific service and support needs of the more than 1,600 out-of-production de Havilland DHC-1 through -7 aircraft still in production,” according to Bombardier.

April 18, 2008 - 11:10am

Bombardier today announced substantial changes to its aerospace group leadership team, most notably naming auto industry veteran Guy Hachey Bombardier Aerospace’s new president and COO, effective May 12. A transition period will follow until June 4, when Pierre Beaudoin, Bombardier Aerospace’s current president and COO, will take over the position of president and CEO of parent company Bombardier, as previously announced last fall.

January 31, 2008 - 11:02am

Bombardier Aerospace president Pierre Beaudoin on Tuesday told attendees at a meeting of the Board of Trade of Metropolitan Montreal that he believes the robust market for business jets will continue despite economic fears in the U.S.

January 31, 2008 - 11:02am

Bombardier Aerospace president Pierre Beaudoin on Tuesday told attendees at a meeting of the Board of Trade of Metropolitan Montreal that he believes the robust market for business jets will continue despite economic fears in the U.S.

January 18, 2008 - 8:23am

Early last month, while Bombardier’s Wichita and Canadian business jet production and assembly facilities remained closed during an unprecedented, four-month plant shutdown that started in late December, the aerospace unit revealed that 3,000 employees–10 percent of its worldwide employment force–will be laid off over the next 12 months.

January 18, 2008 - 8:23am

Early last month, while Bombardier’s Wichita and Canadian business jet production and assembly facilities remained closed during an unprecedented, four-month plant shutdown that started in late December, the aerospace unit revealed that 3,000 employees–10 percent of its worldwide employment force–will be laid off over the next 12 months.

January 15, 2008 - 6:28am

Corporate analysts are carefully monitoring the possible implications of any new or modified Bombardier business and financial strategies under new CEO Paul Tellier, who took over from Robert Brown in mid-January. He assumed office last month just as Moody’s Investors Service downgraded long-term debt ratings of Bombardier Inc., Bombardier Capital (BC) and Bombardier Capital Funding.

January 4, 2008 - 11:35am

Suffering from a sluggish market for its business jets and an uncertain environment for its regional jets, Bombardier Inc. abruptly replaced president and CEO Robert Brown with Paul Tellier, 63, a Bombardier director since 1997 and president of Canadian National Railway for the past decade.

November 29, 2007 - 12:25pm

Bombardier’s bottom line was bolstered by “solid” demand for its business jets, and the company said it plans to increase production to ease record backlogs. Additionally, the Canadian company said that the Bombardier and Beaudoin families’ management dynasty will continue, with the appointment of Pierre Beaudoin as president and CEO of Bombardier, effective June 4. Pierre’s father, Laurent Beaudoin, remains chairman of the board.

October 16, 2007 - 6:25am

On the heels of posting a net loss of $418.6 million in the last fiscal year, due primarily to the stalled market for business jets and regional airliners, Montreal, Quebec, Canada-based Bombardier announced a major recapitalization program last month.

 
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