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Bombardier Inc. reports developments tied to its business-jet portfolio, aircraft services, financial performance, capital structure and shareholder governance. Company news commonly covers the Global and Challenger families, including the Global 8000, Global 6500 and Challenger 3500, as well as aircraft displays, customer outreach and product-positioning updates in key business aviation markets.
Bombardier also issues updates on operating results, backlog, services activity, free cash flow guidance, debt redemptions, senior note financing and annual shareholder voting matters. Its disclosures describe a manufacturer and service provider that designs, builds, modifies and maintains aircraft for private, corporate, government and military customers, with production and completion facilities in North America and a global service network.
Bombardier has won the 2022 Mercuriades award for its innovative Smart Link Plus connected aircraft program, recognized in the Technological Innovation category. This advanced system enhances aircraft health monitoring by interpreting real-time data to alert maintenance crews, significantly reducing downtime. Currently, over 97% of Global 7500 operators use the service. Bombardier aims to expand the program with predictive analytics in collaboration with Scale AI, further enhancing operational efficiency and reducing unscheduled maintenance.
Bombardier will release its Q1 2022 financial results on May 5, 2022, at 8:00 a.m. EDT. A conference call for investors and analysts will follow to discuss the results. Media will have a separate session at 9:30 a.m. EDT. The Annual and Special Meeting of Shareholders will take place the same day at 10:30 a.m. EDT. Shareholders can participate via a live webcast. Bombardier is recognized for its innovative business jets and operates globally with a fleet of approximately 5,000 aircraft.
Bombardier has received a notice from Alstom S.A. requesting arbitration over alleged contractual breaches related to the sale of Bombardier's Transportation business on January 29, 2021. Bombardier believes it has strong grounds to defend itself and will also contest certain purchase price adjustments that reduced the proceeds from the sale. The arbitration process may take several years, and Bombardier will limit its comments on the matter due to confidentiality obligations.
Bombardier has designated its Wichita facility as the new U.S. Headquarters, aiming to capitalize on growth in the MRO and defense sectors. This site will also host Bombardier Defense, reflecting an expansion of its Specialized Aircraft division. Further, Bombardier confirmed additional orders for modified Global 6000 jets worth up to $465 million from the USAF for the BACN program. The Wichita site will focus on recruiting, with over 180 jobs available, and has increased its service center workforce significantly, expanding from three to seven hangars in four years.
On April 19, 2022, Bombardier will celebrate the future of its Wichita site and announce job opportunities. The event, attended by President and CEO Éric Martel and the Executive Leadership Team, will include a site tour for media representatives.
The celebration takes place at 1:30 pm CST at 1 Learjet Way, Wichita, KS. Media can register via an online form and join the event live on LinkedIn and Facebook. Bombardier is a leader in aviation, focusing on business jets with a global fleet of approximately 5,000 aircraft.
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On April 19, 2022, Bombardier will host a significant event at its Wichita site to discuss future plans and available job opportunities. The event, starting at 1:30 pm CST, will feature President and CEO Éric Martel and other executives. Media members can tour the facility after the event. Attendees must register through Bombardier’s online form. Bombardier is a leading aviation company known for its innovative business jets, with operations in various countries and a customer support network worldwide.
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.