Science and technology in Canada

September 9, 2008 - 11:23am

On Thursday, Bombardier 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.

August 5, 2008 - 11:17am

General Electric has purchased the bulk of Bombardier Capital’s corporate aircraft leasing and financing business. The selling price of $339 million represents the “book value” of the loans and financial leases outstanding, Bombardier said.

July 15, 2008 - 10:24am

The National Research Council of Canada signed a five-year memorandum of understanding (MoU) with EADS last month to cooperate on aerospace research and technology development.

July 13, 2008 - 10:14am

Bombardier announced here yesterday the long-anticipated launch of its C-Series family of single-aisle airliners. The company also revealed that final assembly will occur in Mirabel, Quebec, laying to rest any speculation that production would move south of the U.S.-Canada border, specifically to Kansas City. Bombardier president and CEO Pierre Beaudoin called it “an historic day for Bombardier.”

June 30, 2008 - 6:25am

Among all the factors that influence a buyer’s decision to purchase one business jet over another, brand loyalty is well recognized as one of the strongest. Citation owners, looking to replace or add another steed to their stables, usually buy another Citation. Falcon owners, for the most part, buy another Falcon. And Gulfstream owners generally buy Gulfstreams.

June 5, 2008 - 11:24am

The business jet industry “remains strong,” according to newly appointed Bombardier president and CEO Pierre Beaudoin, who released first quarter financial results during an investors conference call yesterday. Revenues for Bombardier Aerospace increased 5 percent, from $2.26 billion in the first fiscal quarter last year to $2.38 billion in the same period this year.

May 9, 2008 - 7:20am

Low demand for corporate aircraft and small airliners has led New York-based financial advisor Moody’s Investors Service to review, and possibly downgrade in
the next two months, certain Bombardier debt ratings. Bombardier Aerospace’s intermediate-term earnings and cash flow could be constrained by any adverse market effects, according to Moody’s corporate finance group senior vice president Tassos Philippakos.

May 6, 2008 - 9:17am

Among all the factors that influence a buyer’s decision to purchase one business jet over another, brand loyalty is well recognized as one of the strongest. Citation owners, looking to replace or add another steed to their stables, usually buy another Citation. Falcon owners, for the most part, buy another Falcon. And Gulfstream owners generally buy Gulfstreams.

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 21, 2008 - 11:38am

The case of Kittredge Aviation & David Wetherell v. Bombardier Aerospace, Bombardier, Inc. and General Electric has been slated for an April 2003 trial, according to David Bunis, partner, Dwyer & Collora, LLP, who represents the plaintiffs. “Bombardier and GE have produced many relevant documents to the case and we’re moving forward,” Bunis told AIN.

 
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