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.
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.
Dell Canada has partnered with Bombardier Aerospace to provide computer notebook technology to manage maintenance operations for Challenger 605s.
Bombardier will provide a Dell Latitude D530 notebook with every new aircraft ordered. The computer will be equipped with custom maintenance application software and will be used by aircraft maintenance technicians to perform time-saving troubleshooting operations.
Bombardier’s bottom line last year was bolstered by “solid” demand for its business jets, and the company said it plans to increase production to ease record backlogs. In its third-quarter FY2007 results released in late November, the Canadian company saw pre-tax profits reach $201 million, compared with $105 million during the same period last year.
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.
Ron Joyce, cofounder of coffee chain Tim Hortons, was one of eight passengers on board a three-and-a-half-week-old Bombardier Global 5000 (registration C-GXPR) that crashed while landing Sunday afternoon on the private airstrip of a resort community on the Northumberland Strait in Nova Scotia, Canada. Neither the passengers nor the two crewmembers were injured when Joyce’s large-cabin jet landed short in a patch of gravel.
Bombardier Aerospace’s Belfast, Northern Ireland work- force has rejected a new pay deal and is threatening strike action. Trade union representatives had actually accepted a new four-year deal that was due to take effect at the end of this coming January, but this was rejected in a shop-floor vote on October 15.
Bombardier Aerospace this morning launched the clean-sheet Learjet NXT to fill the gap between its midsize $13.3 million Learjet 60XR and $21 million super-midsize Challenger 300.
Guidelines for flight crewmembers regarding severe acute respiratory syndrome (SARS) have been published by the Centers for Disease Control. Crewmembers who are concerned that a passenger traveling from a SARS-infected area may be seriously
Bombardier Aerospace consolidated its U.S. sales efforts for new and used aircraft with its Flexjet fractional-ownership program at a new headquarters building in Richardson, Texas, near Dallas. The new sales office is near Dallas/Fort Worth International Airport and Love Field, where Bombardier aircraft pilot and maintenance training is conducted and where there is a factory service center.