Bombardier Inc B Stock Price, News & Analysis

VistaJet has achieved a significant milestone by managing 10% of the Global 7500 fleet following Bombardier's 100th delivery of the aircraft. This expansion will enhance VistaJet's ultra-long-haul capabilities, with plans to increase its fleet to 17 by the end of 2022. VistaJet's Global 7500 jets provide access to 187 countries, allowing for non-stop flights globally. Notably, the aircraft boasts an industry-leading range of over 7,700 nautical miles and aligns with VistaJet's sustainability goals, aiming for carbon neutrality by 2025.

Bombardier announced its upcoming Annual and Special Meeting of Shareholders set for May 5, 2022, to discuss a proposal for share consolidations of Class A and Class B shares in a ratio between 10-for-1 and 30-for-1. This initiative aims to align Bombardier's share structure with similar market capitalizations on the TSX. CEO Éric Martel stated that the consolidation is a strategic move to enhance liquidity and streamline operations, focusing on business jets. Shareholders of record as of March 7, 2022, will vote on this resolution.

Bombardier contributed $5.7B to Canada’s GDP and supported 33,276 full-time jobs in 2021, as highlighted in a PwC Canada report. The company spent $1.9B on goods and services from suppliers across Canada, with a notable presence in Québec and Ontario. Between 2022-2025, Bombardier is expected to contribute $25.2B to GDP and create over 150,485 job-years. The company is also seeking 1,000 skilled positions globally while investing $150M annually in R&D.

Bombardier has redeemed $200 million of its 7.500% Senior Notes due 2024 and another $200 million of its 2025 Notes. This action reflects the company's commitment to debt reduction and is part of its strategic priorities. The redemptions were executed through the Depository Trust Company, utilizing cash from Bombardier's balance sheet. CFO Bart Demosky highlighted the strong liquidity position at the end of the previous year, which supports the company’s operations and future objectives outlined during the recent Investor Day.

Bombardier expresses deep concern regarding the humanitarian crisis in Ukraine, suspending all activities with Russian clients and adhering to international sanctions. The company, alongside the J. Armand Bombardier Foundation, has pledged $150,000 to the Canadian Red Cross to support humanitarian efforts. Bombardier emphasizes its commitment to uphold its values and contribute positively amid this crisis, reinforcing its people-centric approach.

Bombardier hosted its 2022 Investor Day on February 24, showcasing its progress toward 2025 financial targets. CEO Éric Martel highlighted the company's robust cash flow and ongoing debt repayment strategy, aiming for over $500 million in free cash flow. The aftermarket business saw a 25% revenue increase in 2021, with expectations of reaching $2 billion by 2025. The Global 7500 jet program is projected to significantly enhance adjusted EBITDA. Key targets include ~$7.5 billion in total revenues and ~$1.5 billion in adjusted EBITDA by 2025.

Bombardier will host a virtual Investor Day on February 24, 2022, at 9:00 a.m. EST. Executives including CEO Éric Martel and CFO Bart Demosky will discuss progress on the company’s 2025 strategic plan, which focuses on four key pillars. The event will include updates on business objectives and a Q&A session for analysts. Bombardier is recognized for its innovative business jets, with around 5,000 aircraft globally. The company operates support facilities in multiple countries to enhance its customer service network.

Bombardier appoints Christophe Degoumois as an independent Executive Advisor to enhance strategic insight for the management team. With over 17 years of experience, including his role as Vice President of International Sales, Degoumois aims to support Bombardier's 2025 growth objectives. The company’s Challenger and Global business jets are well-positioned to meet rising global demand for business aviation. This leadership change comes as Bombardier continues to focus on developing exceptional aircraft and servicing a diverse customer base worldwide.

Bombardier announced the partial redemption of $200 million of its 7.500% Senior Notes due 2024 and another $200 million of its 7.500% Senior Notes due 2025, successfully utilizing cash from its balance sheet. This action highlights the company's strong performance in 2021 and aims at further deleveraging its balance sheet and reducing debt costs. The company is committed to ongoing growth and will provide updates on its five-year plan during Investor Day on February 24, 2022.