Highlights / Bombardier

Economy, Society

Bombardier announces 2,500 layoffs in response to COVID-19 pandemic

Bombardier Aviation announced that they are going to lay off about 2,500 workers due to the challenges amid the COVID-19 pandemic, according to a press release from the company on Friday.  The company said that the business jet sales are »

Economy, International, Internet, Science & Technology

Bombardier: more loss, may seek government support

The once Canadian industrial multi-national giant Bombardier is in trouble again. After over extending itself, the Canadian rail and aircraft maker, had do divest itself of almost all its holdings, designs, and divisions to help pay off crippling debt. With »

Economy, International, Internet, Science & Technology

Bombardier divestment continues: reports say rail division sold

The once giant Canadian-based multi-national Bombardier continues its sell-off of divisions. Since the final sale of its C-series programme to Airbus, there had been rumours that remaining portions of the company were also up for grabs as the company struggled »

Economy, International, Internet, Science & Technology

Canada’s Bombardier divests its commercial aerospace division

Bombardier reports US $1.6 billion loss for 2019 With a poor financial announcement today, the Canadian multinational industrial giant Bombardier also announced it is getting out of the commercial aviation business. Struggling with debt, the firm sold its turboprop Q »

Economy, Politics

Bombardier plans to lay off 550 workers trigger political sniping

Federal Liberals and the Progressive Conservative government of Ontario took pot shots at each other Wednesday over looming layoffs at Bombardier’s railway car plant in Thunder Bay, Ont., that could see nearly half of the employees lose their jobs. The »

Economy

Bombardier in talks with Mitsubishi on deal involving CRJ program

Canadian transportation giant Bombardier Inc. could be one step closer to exiting the commercial aviation business. The Montreal-based plane and train maker confirmed Wednesday it’s in talks with Japan’s Mitsubishi Heavy Industries for a possible deal involving Bombardier’s CRJ (Canadair »

Economy, International

Bombardier reassures unions on C-series jets

Unions representing Bombardier workers in both Canada and Northern Ireland called today’s Montreal meeting with the company’s CEO “positive” in light of U.S. plans to impose a heavy tariff on C-series planes. The Unifor and Unite unions have joined forces »

Economy

EgyptAir signs letter of intent for up to 24 Bombardier CS300s

Bombardier Commercial Aircraft has signed a letter of intent with EgyptAir for the purchase of up to 24 of the Montreal-based company’s larger C Series aircraft, the CS300, the Canadian plane-maker announced at the Dubai Airshow Wednesday. The transportation giant said the deal »

International

Airbus takes control of Bombardier C-series jet program

Shares in Canada’s Bombardier Inc. jumped more than 20 per cent after the company gave up controlling interest in its mid-range C-series jet program to Europe’s Airbus Group. No money changed hands and Airbus will not assume Bombardier’s big debt. »

Economy, International, Internet, Science & Technology, Politics

U.S.- Canada trade dispute: Bombardier sale due to U.S. tariffs?

According to reports, Canada’s leading aerospace firm, Bombardier, is considering selling parts of its aerospace operation. The Canadian firm is facing massive U.S. tariffs of almost 300 per cent on its new C-series passenger jet as a result of a »