S&P/TSX Composite Index

October 1, 2008 - 5:04am

Bombardier last month reported a year-over-year revenue increase of 22 percent, to $4.9 billion, in its second fiscal quarter ending July 31, thanks in large part to its aerospace division. The company’s aerospace division contributed $2.5 billion of these revenues in the quarter, up from $2.2 billion in the same period last year.

July 14, 2008 - 7:11am

Simulation and training specialist CAE is about to embark on a full-scale beta test of the new multi-crew pilot’s license (MPL) curriculum it developed to complement existing programs in its Global Academy.

May 27, 2008 - 9:32am

Late last month CAE was expected to acquire SimuFlite Training International. General Electric, which bought SimuFlite from Southern Air Transport in 1998, agreed to sell the company to Toronto-based CAE for $247 million.

May 20, 2008 - 5:06am

For the first time Europe has its own simulator capacity for the Global Express, now that CAE and Bombardier have begun offering pilot and technical training on the big business jets at CAE’s Burgess Hill facility in the UK. The program marks the first operational milestone of the 20-year Authorized Training Provider agreement signed by CAE and Bombardier last June.

May 15, 2008 - 6:55am

Bombardier’s new Flexjet Asia executive charter program began operations on February 22 in a bid to make business aviation more readily available to visiting Westerners and the continent’s indigenous business community.

May 7, 2008 - 11:59am

As part of a plan to develop Toronto City Center Airport into a viable commercial hub, the Toronto Port Authority (TPA) has entered negotiations with a local holding company to base a new regional airline at the island airport. Known as Regional Airlines Holding Co. (Regco), the new airline plans to start operations within a year, by which time it plans to inaugurate service to Ottawa, Chicago and New York.

May 6, 2008 - 9:34am

CAE last month inaugurated its aviation training center near Denver International Airport. The new facility, which specializes in the training of regional airline crews, is starting with three simulators: an Airbus A320 and two Bombardier CRJ200/700 devices. Frontier Airlines and Air Wisconsin are the launch customers. A third Bombardier CRJ200/700 simulator will be added next year.

May 6, 2008 - 9:08am

Bombardier is trying to sell Belfast City Airport in Northern Ireland. Less than two miles from the center of Belfast, the downtown airport has attracted growing volumes of regional airline and corporate traffic in recent years. Bombardier acquired the airport when it bought Short Brothers in 1989 along with its airplane factory, which is located on the same site.

April 30, 2008 - 10:05am

Bombardier has named Guy Hachey president and COO of its aerospace division, following Pierre Beaudoin’s promotion to president and COO of Bombardier Inc. Hachey brings more than 30 years of experience in the industrial manufacturing sector to the Montreal-based airframer, first with GM and most recently with Delphi.

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.

 
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