|Bid||2.74 x 0|
|Ask||2.76 x 0|
|Day's Range||2.70 - 2.97|
|52 Week Range||1.87 - 2.97|
|PE Ratio (TTM)||-8.87|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Airbus and Boeing typically slug it out at air shows and on factory floors, but the rivalry took a different turn with the European group’s deal to take a majority stake in Bombardier’s CSeries jet project....
Bombardie’s share price soared to its highest level in more than two years as investors responded to news that Airbus SE agreed to take control of the company’s struggling CSeries jet family.
MONTREAL/TOULOUSE, France (Reuters) - Airbus has agreed to take a majority stake in Bombardier's troubled CSeries jetliner program, securing the plane's future and giving the Canadian firm a possible way out of a damaging trade dispute with Boeing. Airbus will get a 50.01 percent stake in an entity recently carved out of Bombardier to produce and market the CSeries, four years after it first flew with a goal to enter the $125 billion a year market for large jets. In reality, the terms of the deal mean Bombardier could pay Airbus to take over by agreeing to underwrite $700 million of risks related to cost overruns in coming years.
Bombardier is giving up a majority stake in its flagship CSeries aircraft program to Airbus -- and it's not even getting paid for its trouble.
Airbus SE's (Paris:AIR.PA - News) deal for a majority stake in Bombardier Inc's (BBDb.TO) CSeries jet program is expected to jumpstart sales of the Canadian aircraft in Asia, analysts said. The Airbus-Bombardier deal will give the European planemaker a 50.01 percent interest in the CSeries program, while the jet will get a better sales network. In Asia, Korean Air Lines Co (KSE:003490.KS - News) is so far the only customer of the narrowbody jets and is slated to soon take delivery of the first of 10 CS300 aircraft.
Airbus announced plans to partner with Bombardier in what could be the biggest shake-up of the commercial jetliner business in 30 years, challenging a crippling tariff ruling pushed by Boeing and the U.S. ...
Bombardier is reportedly mulling an Airbus joint venture for its C Series jet after U.S. regulators called for huge tariffs on its narrow-body commercial jet.
Canada's Bombardier Inc (BBDb.TO) is continuing to look at strategic options for its aerospace division but no deal is imminent, people familiar with the matter told Reuters on Monday, as the company seeks to shore up sales and improve finances. As part of that process, the Canadian train-and-plane maker has held informal talks with Chinese companies among others in recent months, but the sources played down the chances of Europe's Airbus (Paris:AIR.PA - News) being a likely partner. On Sunday, Bloomberg reported that Bombardier was considering disposal of aerospace assets including its Q400 turboprop and CRJ regional-jet unit, while looking at partnerships with other aerospace companies, with Airbus among the prospective buyers.
Bombardier is also looking at partnerships with other aerospace companies, Bloomberg reported. According to the report, Europe's Airbus SE (Paris:AIR.PA - News) is among the prospective buyers. Airbus said it did not comment on market rumors.
Bombardier Inc (BBDb.TO) said on Thursday AirBaltic had resumed flights of CSeries CS300 jets after a temporary halt to inspect engine accessory. Aerospace industry publication FlightGlobal reported earlier that Latvian carrier AirBaltic had temporarily grounded its fleet of Bombardier CSeries jets. "There was a question around the inspection of an engine accessory ...," a Bombardier spokeswoman said in an email statement to Reuters, adding that AirBaltic had confirmed to the Canadian company that commercial flights had resumed.
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Bombardier Inc's (BBDb.TO) largest business jet is making its debut on Sunday in Las Vegas, giving a glimpse of the ultra long-range plane the Canadian company is counting on for growth at a time of sluggish industry sales and as it fights a trade battle over a separate jet. The new Global 7000, the industry's largest jet designed for private or corporate use, will be on display at the National Business Aviation Association's flagship industry trade show on Oct. 10-12. When it enters service next year, the Global 7000, with a list price of almost $73 million, will play a key role in the five-year turnaround plan of Bombardier, which also makes trains, after a near-brush with bankruptcy in 2015.
The U.S. Commerce Department has notched up proposed trade duties on Bombardier Inc CSeries jets to nearly 300 percent, affirming Boeing Co's complaint that the Canadian company received illegal subsidies and dumped the planes at "absurdly low" prices. The decision underscored the defensive trade policy of U.S. President Donald Trump, and could effectively halt sales of Bombardier's innovative new plane to U.S. airlines by quadrupling the cost of the jets imported to the United States. The Commerce Department proposed a 79.82 percent antidumping duty on Friday, on top of a 219.63 percent duty for subsidies announced last week.
The U.S. Commerce Department on Friday ruled that Canada’s Bombardier Inc. unfairly discounted sales of a new jetliner, acting on a complaint from rival Boeing Co. The department said it would add an 80% ...
U.S. trade officials on Friday ruled that Bombardier Inc. unfairly discounted sales of a new jetliner, setting up a battle as to whether Boeing Co. suffered any harm from competing with its Canadian rival....
Bombardier Inc's aerospace business spent $2.4 billion in the United States last year, tapping more than 800 suppliers in all but three U.S. states, according to a confidential Bombardier report seen by ...
Bombardier Inc (BBDb.TO) is betting on fast-growing markets like India to boost sales of its Q400 and CSeries narrow-body planes, a senior executive said on Thursday, at a time when the Canadian planemaker faces a trade row over sales to the United States. "The company is very focused on expanding into Asia, as we see Asia, and India for sure, as the growth engines of the sector," said Francois Cognard, head of Asia Pacific sales at Bombardier, adding this would be its focus region irrespective of how a heated trade spat with larger rival Boeing Co (NYSE:BA - News) pans out. Cognard said he saw India's regional connectivity scheme as "well designed" and likely to boost demand for its aircraft in the country.
The Department of Commerce ruled in favor of a complaint from Boeing Co. over alleged price subsidies for the Bombardier Inc. CSeries jetliner. A Business News article about Bombardier in some editions ...
For turboprops, the Canadian plane-and-train maker is trailing its European rival and market leader ATR, which controls about 75 percent of the market and is co-owned by Airbus SE and Leonardo SpA . The SpiceJet sale was announced as an initial letter of intent in June, and is Bombardier's first order for a 90-seat version of the aircraft, up from the current largest model which has been configured with 86 seats. Plane makers are being asked to pack more seats into aircraft to lower costs per seat and a 90-seat Q400 would be especially attractive for regions such as the Asia-Pacific, a turboprop industry source who does not work for Bombardier said.
The World Trade Organization opened a dispute settlement panel on Friday to rule on Brazil's complaint that Canada has hurt its commercial jet industry by subsidizing Bombardier Inc's CSeries jets, the ...
German industrial giant Siemens and French train-maker Alstom are in talks to create a European rail transportation powerhouse to better rival strong competition from China.