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Bombardier Inc (BBDb.TO)

BBDb.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Bombardier Says Has Eliminated Bombardier Aviation President Role And Announced That David Coleal Will Depart Company
Friday, 2 Oct 2020 

Oct 1 (Reuters) - Bombardier Inc ::BOMBARDIER - HAS ELIMINATED BOMBARDIER AVIATION PRESIDENT ROLE AND ANNOUNCED THAT DAVID COLEAL WILL DEPART COMPANY.BOMBARDIER - BEGUN PROCESS OF STREAMLINING ITS SENIOR LEADERSHIP TEAM AS IT TRANSITIONS TO A PURE-PLAY BUSINESS JET COMPANY.  Full Article

Spirit AeroSystems Plans To Discuss Proposed Term Loan B Credit Facility With Prospective Lenders
Tuesday, 22 Sep 2020 

Sept 22 (Reuters) - Spirit AeroSystems Holdings Inc ::SPIRIT AEROSYSTEMS HOLDINGS - ON SEPT 22 PLANS TO MEET WITH PROSPECTIVE LENDERS TO DISCUSS PARTICIPATION IN A PROPOSED TERM LOAN B CREDIT FACILITY.SPIRIT AEROSYSTEMS HOLDINGS INC - AS OF SEPTEMBER 22, CONDITIONS TO ASCO ACQUISITION HAVE NOT BEEN SATISFIED.SPIRIT AEROSYSTEMS HOLDINGS INC - DOES NOT EXPECT TO EXTEND ASCO END DATE.SPIRIT AEROSYSTEMS HOLDINGS INC - MANAGEMENT BELIEVES IT IS UNLIKELY THAT EUROPEAN COMMISSION'S APPROVAL WILL BE SATISFIED BY ASCO END DATE.SPIRIT AEROSYSTEMS - IF CONSUMMATED, PROPOSED TERM LOAN B CREDIT FACILITY WOULD BE A COMPONENT OF FINANCING TRANSACTIONS OF ABOUT $800 MILLION.SPIRIT AEROSYSTEMS HOLDINGS INC - BOMBARDIER ACQUISITION IS SUBJECT TO CERTAIN CLOSING CONDITIONS, SOME OF WHICH REMAIN OUTSTANDING AS OF SEPT. 22.SPIRIT AEROSYSTEMS HOLDINGS INC - TO DATE, CO HAS REDUCED ABOUT 6,000 EMPLOYEES GLOBALLY SINCE JANUARY 2020.SPIRIT AEROSYSTEMS HOLDINGS INC - EXPECTS ITS BACKLOG TO DECLINE THROUGHOUT 2020 DUE TO CANCELLATIONS RELATED TO THE COVID-19 PANDEMIC.SPIRIT AEROSYSTEMS - IF 737 MAX REMAINS GROUNDED FOR EXTENDED PERIOD, MORE REDUCTIONS TO BACKLOG AND/OR SIGNIFICANT ORDER CANCELLATIONS EXPECTED.  Full Article

Alstom’s Bombardier Transportation Acquisition: Net Proceeds Expected Now Up To Eur 5.3 BLN for Alstom
Wednesday, 16 Sep 2020 

Sept 16 (Reuters) - Alstom SA ::REG-ALSTOM SA: KEY MILESTONE ON ALSTOM’S ACQUISITION PROJECT OF BOMBARDIER TRANSPORTATION: SIGNED SALE AND PURCHASE AGREEMENT1 UNDER REVISED PRICE TERMS.NET PROCEEDS EXPECTED NOW UP TO EUR 5.3 BN AGAINST A RANGE OF EUR 5.8 - EUR 6.2 BN PREVIOUSLY AGREED.A EUR 300M REDUCTION IN PRICE RANGE HAS BEEN AGREED WITH BOMBARDIER INC AND CDPQ.CLOSING NOW EXPECTED IN Q1 2021.CONFIRMS ITS OBJECTIVES TO DELIVER EUR 400M RUN RATE COST SYNERGIES IN YEAR 4 TO 5 AND TO RESTORE BOMBARDIER TRANSPORTATION MARGIN TOWARDS STANDARD LEVEL IN MEDIUM TERM.TRANSACTION IS EXPECTED TO BE DOUBLE DIGIT EPS ACCRETIVE IN YEAR 2 POST CLOSING AND TO PRESERVE ALSTOM'S STRONG CREDIT PROFILE WITH A BAA2 RATING.  Full Article

ACCC Begins Informal Review Of Alstom-Bombardier Transportation Deal
Monday, 11 May 2020 

May 11 (Reuters) - Australian Competition & Consumer Commission::ACCC COMMENCES INFORMAL REVIEW OF ALSTOM'S PROPOSED ACQUISITION OF BOMBARDIER TRANSPORTATION.SUBMISSIONS INVITED ON PROPOSED ALSTOM-BOMBARDIER DEAL; CLOSING DATE JUNE 5.  Full Article

Airbus In Advanced Talks To Acquire Bombardier Stake In A220 Program - WSJ
Saturday, 8 Feb 2020 

Feb 7 (Reuters) - :AIRBUS IN ADVANCED TALKS TO ACQUIRE BOMBARDIER STAKE IN A220 PROGRAM - WSJ.  Full Article

Fitch Downgrades Bombardier's IDR To 'CCC+'; Outlook Negative
Saturday, 18 Jan 2020 

Jan 17 (Reuters) - FITCH::FITCH DOWNGRADES BOMBARDIER'S IDR TO 'CCC+'; OUTLOOK NEGATIVE.FITCH SAYS DOWNGRADE OF BOMBARDIER'S RATINGS INCORPORATES LARGE SUSTAINED NEGATIVE FREE CASH FLOW, WHICH HAS NOT IMPROVED AS ANTICIPATED.FITCH, ON BOMBARDIER, SAYS RATING CONCERNS INCLUDE COMPETITIVE PRESSURE IN EACH OF CO'S BUSINESSES LIKE POTENTIAL CONSOLIDATION IN GLOBAL TRANSPORTATION.FITCH, ON BOMBARDIER, SAYS RATING CONCERNS INCLUDE COMPETITIVE PRESSURE IN EACH OF CO'S BUSINESSES LIKE LOWER DIVERSIFICATION IN AVIATION SEGMENT.  Full Article

S&P Says Bombardier Outlook Revised To Negative From Stable
Friday, 17 Jan 2020 

Jan 17 (Reuters) - S&P Global Ratings::S&P SAYS BOMBARDIER OUTLOOK REVISED TO NEGATIVE FROM STABLE ON WEAKER-THAN-EXPECTED EARNINGS AND CASH FLOW.S&P SAYS HAS LESS CONVICTION THAT BOMBARDIER CAN GENERATE POSITIVE FREE OPERATING CASH FLOW OVER NEXT COUPLE OF YEARS TO MEANINGFULLY REDUCE DEBT LEVERAGE.S&P SAYS HAS LESS CONVICTION THAT BOMBARDIER CAN GENERATE POSITIVE FREE OPERATING CASH FLOW OVER NEXT COUPLE OF YEARS TO MANAGE REFINANCING RISKS.  Full Article

Raytheon And Korean Air Partner On Multiple-Intelligence Aircraft For Republic Of Korea Air Force
Tuesday, 15 Oct 2019 

Oct 15 (Reuters) - Raytheon Co ::RAYTHEON AND KOREAN AIR PARTNER ON MULTIPLE-INTELLIGENCE AIRCRAFT FOR REPUBLIC OF KOREA AIR FORCE.UNDER AGREEMENT, RAYTHEON WILL BE PRIME CONTRACTOR AND PROVIDE MULTIPLE-INTELLIGENCE, OR MULTI-INTEREST, TECHNOLOGIES FOR AIRCRAFT.UNDER AGREEMENT KOREAN AIR WILL DELIVER DESIGN, LOGISTICS AND LIFE CYCLE SUPPORT SERVICES.WORKING WITH BOMBARDIER, RAYTHEON AND KOREAN AIR WILL MODIFY GLOBAL 6500 BUSINESS JETS TO MEET ROKAF'S SPECIFIC MISSION NEEDS.CO, KOREAN AIR SIGNED AGREEMENT TO PURSUE REPUBLIC OF KOREA'S AIR FORCE'S INTELLIGENCE SURVEILLANCE TARGET ACQUISITION & RECONNAISSANCE PROGRAM.  Full Article

Leclanche: Bombardier Transportation Selects It As Battery Systems Provider
Wednesday, 2 Oct 2019 

Oct 2 (Reuters) - Leclanche SA ::BOMBARDIER TRANSPORTATION SELECTS LECLANCHÉ SA AS PREFERRED GLOBAL PROVIDER OF BATTERY SYSTEMS TO POWER RAIL TRANSPORTATION.POTENTIAL BUSINESS REVENUE OF MORE THAN 100M EUR OVER NEXT 5 YEARS.  Full Article

Bombardier Wins Contract To Supply And Maintain 30 Flexity Trams For Dresden’s Transport Authority
Thursday, 22 Aug 2019 

Aug 22 (Reuters) - Bombardier Inc ::BOMBARDIER WINS CONTRACT TO SUPPLY AND MAINTAIN 30 FLEXITY TRAMS FOR DRESDEN’S TRANSPORT AUTHORITY.BOMBARDIER - VALUE OF ORDER IS 197 MILLION EURO.BOMBARDIER - CONTRACT ALSO INCLUDES FLEXCARE MAINTENANCE MANAGEMENT SYSTEM FOR A 24-YEAR PERIOD.BOMBARDIER - CONTRACT INCLUDES OPTION FOR TEN ADDITIONAL FLEXITY TRAMS AND EIGHT MORE YEARS OF SERVICING AND MAINTENANCE ARE INCLUDED IN CONTRACT.  Full Article

Delta Air delays target to halt cash burn but has $1.3 bln leftover payroll aid

CHICAGO, Oct 13 Delta Air Lines said on Tuesday it does not expect to plug a daily cash bleed due to the COVID-19 pandemic until next spring, although it has at its disposal $1.3 billion in leftover federal aid for employees' payroll.