| Previous Close | 0.7143 |
| Open | 0.6786 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's Range | 0.6780 - 0.7375 |
| 52 Week Range | 0.2000 - 0.8400 |
| Volume | 664,119 |
| Avg. Volume | 3,316,345 |
| Market Cap | 1.784B |
| Beta (5Y Monthly) | 2.98 |
| PE Ratio (TTM) | 0.39 |
| EPS (TTM) | 1.8270 |
| Earnings Date | Aug. 04, 2021 - Aug. 09, 2021 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Dec. 10, 2014 |
| 1y Target Est | 3.15 |
- GlobeNewswire
Bombardier Provides Update on Consent Solicitations
MONTRÉAL, May 14, 2021 (GLOBE NEWSWIRE) -- Bombardier (TSX: BBD.B) (the “Corporation”) today announced that it has received the requisite consent from holders of its outstanding 7.875% Senior Notes due 2027 (the “2027 Notes”) as they relate to the Corporation’s previously announced Consent Solicitation Statement dated May 3, 2021 (as amended by the press release dated May 12, 2021, and as from time to time, further amended or supplemented, the “Consent Solicitation Statement”) with respect to its outstanding senior notes and debentures (such solicitation with respect to any individual series, a “Consent Solicitation” and collectively, the “Consent Solicitations”). With the receipt of the requisite consents from holders of the 2027 Notes, the requisite consents have been received for the following series of the Corporation’s outstanding senior notes (the “Consented Notes”) and the corresponding Supplemental Indentures have been entered into and are effective and operative, such that previously delivered Consents may no longer be revoked: TITLE OF SECURITYCUSIP / ISIN (144A) CUSIP / ISIN (Reg S) 6.000% Senior Notes due 2022 097751BJ9 / US097751BJ96C10602AY3 / USC10602AY366.125% Senior Notes due 2023 097751BF7 / US097751BF74C10602AW7 / USC10602AW797.500% Senior Notes due 2024 097751BR1 / US097751BR13C10602BF3 / USC10602BF387.500% Senior Notes due 2025 097751BM2 / US097751BM26C10602BA4 / USC10602BA417.875% Senior Notes due 2027 097751BT7 / US097751BT78C10602BG1 / USC10602BG11 The Consent Solicitations with respect to the Consented Notes and with respect to the 5.750% Senior Notes due 2022 expired at 5:00 p.m., New York City time, on May 13, 2021. Holders of Consented Notes whose consents were properly made and not revoked on or prior to 5:00 p.m., New York City time, on May 13, 2021 will be entitled to receive the Consent Payment (as defined in the Consent Solicitation Statement). The Corporation intends to make the Consent Payment with respect to the Consented Notes on Monday May 17, 2021. The expiration date for the Consent Solicitation with respect to the 7.450% Senior Notes due 2034 is extended to 5:00 p.m., New York City time, on May 18, 2021. Holders of the Corporation’s 7.450% Senior Notes due 2034 and 7.35% Debentures due 2026 who have not already consented still have the opportunity to participate until the Expiration Date with respect to each such series at 5:00 p.m., New York City time, on May 18, 2021. The terms and conditions of the Consent Solicitations remain the same as set forth and described in the Consent Solicitation Statement. The Corporation reserves the absolute right, subject to applicable laws, to amend, waive or modify the terms of the Consent Solicitations in any manner. For a complete statement of the terms and conditions of the Consent Solicitations, holders are encouraged to read the Corporation’s Consent Solicitation Statement. Holders who have previously delivered consents in connection with the Consent Solicitations do not need to redeliver such consents or take any other action in response to this announcement in order to consent to the Consent Solicitations. The Corporation has retained Global Bondholder Services Corporation to act as the US Information and Tabulation Agent for the Consent Solicitations, and has retained Kingsdale Partners LP to act as the Canadian Information and Tabulation Agent for the Consent Solicitation for the 7.35% Debentures due 2026 (the “C$ Notes”). For additional information regarding the terms of the Consent Solicitations, or to obtain additional copies of the Consent Solicitation Statement, please contact Global Bondholder Services Corporation at (866) 807 2200 or by email at contact@gbsc-usa.com, or, in respect of the C$ Notes, Kingsdale Partners LP at 1-888-518-6824 or by email at corpaction@kingsdaleadvisors.com. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Consent Solicitations. Citigroup Global Markets Inc. and UBS Securities LLC will act as the Solicitation Agents for the Consent Solicitation. Questions concerning the terms of the Consent Solicitation should be directed to Citigroup Global Markets Inc. at (212) 723-6106 (collect) or (800) 558-3745 (toll-free) or UBS Securities LLC at (203) 719-4210 (collect) or (888) 719-4210 (toll-free). Holders are advised to check with any bank, securities broker or other intermediary through which they hold any of the notes as to when such intermediary needs to receive instructions from a holder in order for that holder to be able to participate in, or (in the circumstances in which revocation is permitted) revoke their instruction to participate in, the Consent Solicitations, before the deadlines specified herein and in the Consent Solicitation Statement. The deadlines set by each clearing system for the submission and withdrawal of instructions will also be earlier than the relevant deadlines specified herein and in the Consent Solicitation Statement. You should check with such broker, dealer, commercial bank, trust company or other nominee to determine whether they will charge you a fee for delivering your consent on your behalf. None of the Corporation, the trustees for the notes, the agents under the respective indentures for the notes, the US Information and Tabulation Agent, the Canadian Information and Tabulation Agent, any of their respective subsidiaries or affiliates or any of its or their respective directors, officers, employees or representatives makes any recommendation to holders as to whether or not to deliver their consent pursuant to any of the Consent Solicitations, and none of the foregoing has authorized any person to make any such recommendation. Holders must decide whether to provide their consent. This notice does not constitute or form part of any offer or invitation to purchase, or any solicitation of any offer to sell, the notes or any other securities in the United States or any other jurisdiction, and neither this notice nor any part of it, nor the fact of its release, shall form the basis of, or be relied on or in connection with, any contract therefor. The Consent Solicitations are made only by and pursuant to the terms and conditions of the Consent Solicitation Statement and the information in this notice is qualified by reference to the Consent Solicitation Statement. None of the Corporation or the tabulation agents makes any recommendations as to whether or not holders should deliver their consent pursuant to any of the Consent Solicitations. Holders are requested to read and consider carefully the information contained in the Consent Solicitation Statement and to deliver their consent in accordance with the instructions set forth in the Consent Solicitation Statement. About Bombardier Bombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety. Headquartered in Montréal, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of approximately 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. News and information is available at bombardier.com or follow us on Twitter @Bombardier. Bombardier is a trademark of Bombardier Inc. or its subsidiaries. This announcement does not constitute an offer to buy or the solicitation of an offer to sell any securities in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful. In those jurisdictions where the securities, blue sky or other laws require the Consent Solicitation to be made by a licensed broker or dealer, the Consent Solicitation will be deemed to be made by one or more registered brokers or dealers licensed under the laws of such jurisdiction. Certain statements in this announcement are forward-looking statements based on current expectations. By their nature, forward-looking statements, including statements with respect to the Corporation’s ability to complete the Consent Solicitation, are based on estimates, projections, beliefs and assumptions that Bombardier believes are reasonable but are not guarantees of future events and results. Forward looking statements require us to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from those set forth in the forward-looking statements. For additional information regarding these risks and uncertainties, and the assumptions underlying the forward looking statements, please refer to the Consent Solicitation Statement. For information Francis Richer de La FlècheVice President, Financial Planning and Investor RelationsBombardier+1 514 855 5001 x13228Mark MasluchSenior Director, Communications Bombardier +1 514 855 7167
- GlobeNewswire
New Apprenticeship Program at Bombardier’s London Biggin Hill Service Centre Training Next Generation of Aircraft Technicians
New Apprenticeship Program at Bombardier’s London Biggin Hill Service Centre Gillian Keegan, Skills and Apprenticeships Minister, Department for Education, (right) with apprentice Joshua Cadwallader. Inaugural 36-month apprenticeship program with 16 apprentices in first cohort of advanced aircraft maintenance engineering courseVirtual classroom and on-site modules provide agile training environment for students to attain critical “B” Licence certificationGraduates will have the opportunity to earn full-time positions at expanding London Biggin Hill Service Centre establishing infusion of talent and skillsGillian Keegan, Skills and Apprenticeships Minister, Department for Education, to visit May 13 to interact with apprentices and tour facility BIGGIN HILL, United Kingdom, May 13, 2021 (GLOBE NEWSWIRE) -- Bombardier is pleased to announce the introduction of its comprehensive, new apprenticeship program at its London Biggin Hill Service Centre with its first cohort of maintenance apprentices becoming immersed in the aircraft maintenance training program. Sixteen men and women make up the 36-month program’s first apprentice cohort, which kicked off in March. The combination of virtual classroom and onsite training provides apprentices with an agile, in-depth learning environment to achieve their critical EASA part 66 modules (B Licence) Certification as well as a Level 4 City & Guilds Diploma in Aerospace and Aviation. The London Biggin Hill Service Centre apprenticeship program is a collaboration between Bombardier and Seetec, an experienced provider of training and apprenticeships. It is supported by KLM UK Engineering Ltd and the Department for Education. Upon completion of the program, graduates have an opportunity to earn full-time positions as maintenance technicians at the London Biggin Hill Service Centre, establishing an invaluable infusion of talented, skilled technicians at the facility. The program is one more example of how Bombardier is working closely with various communities worldwide to establish a strong pipeline of aerospace talent. “Indispensable apprenticeship programs provide qualified students with an important pathway to an exciting aerospace career – a powerful gateway to exciting, new opportunities. It’s an honour to provide future generations of aircraft technicians with essential training for the next steps in their aircraft maintenance careers,” said Jean-Christophe Gallagher, Executive Vice President, Services and Support, and Corporate Strategy, Bombardier. “Our world-class London Biggin Hill facility offers these students the best on-the-job training possible in a technologically advanced workplace environment – with the possibility for full-time employment at the facility upon graduation.” “Apprenticeships play a vital role in helping to rebuild our economy by enhancing workforces, boosting skills and developing talent for the future, as we focus on our recovery from the pandemic and continue to build back better,” said Gillian Keegan, Skills and Apprenticeships Minister at the Department for Education. “It is great to see Bombardier’s continued investment in apprenticeships and its their commitment to giving people the chance to train and launch fantastic careers. Bombardier’s innovative new program presents a brilliant opportunity for first-class training and superb future job prospects. I wish all of those involved the best of luck for their journeys ahead.” Bombardier has worked closely with Seetec, an employee-owned business group based in the UK and Ireland, to develop its apprenticeship program. Seetec Outsource is a business division within the group that provides apprenticeships, adult education and wider skills opportunities. It achieves this by providing essential training and support to learners, so that they are armed with the skills to further their career ambitions. “Seetec is delighted to be working with Bombardier with the support of KLM UK Engineering Ltd to move forward with this new aircraft maintenance apprenticeship program," said Neil Bates, Managing Director of Seetec Outsource. "By focusing on a skills-led recovery that develops talented apprentices to become part of the aviation industry’s skilled workforce of the future, more progress can be made to help the sector rebound after navigating a challenging operating environment during the pandemic. The Skills Minister’s visit to Biggin Hill also draws an important focus on the aviation industry’s recovery and the need to invest in science, technology, engineering and maths skills to boost the country’s competitiveness in a post-COVID world.” KLM UK Engineering team is also playing an important role, providing the “B” Licence certificate training portion of the program via an online learning environment. “KLM UK Engineering Ltd is delighted to be able to support Bombardier and Seetec apprentices in studying to gain their B licence certification, via our online virtual learning environment (VLE) and instructor led sessions,” said Chris Tubby, Sales Manager Technical Training KLM UK Engineering Ltd. “Our VLE allows the apprentices to study anytime, anywhere, while benefiting from the experience of our qualified instructors. We currently support over 1,000 students around the world who are studying on our VLE, with exam centres in Malaysia, Dubai and China to help support them to start their engineering career. KLM UK Engineering, part of the Air France industries KLM Engineering & Maintenance network, has a 40-year history of developing apprentices for its own heavy maintenance facility in Norwich maintaining Embraer 170/190 and Boeing 737 family aircrafts and is proud to continue to support the next generation of engineers entering the aviation sector.” Established in 2017, Bombardier’s London Biggin Hill service centre is an invaluable support facility strategically located in London that offers heavy maintenance capabilities on Learjet, Challenger and Global aircraft. The site is fully equipped to perform scheduled and unscheduled maintenance, modifications and avionics installations, as well as paint repair services. Currently in the midst of a significant expansion to be completed by 2022 adding enhanced maintenance capabilities to service up to 25 aircraft – including the industry flagship Global 7500 aircraft – the enhancement of the facility and its maintenance capabilities is a testament to Bombardier’s unwavering commitment to providing customers with worldwide industry-leading services and the OEM expertise they rightfully demand and deserve. The influx of skilled workers this apprenticeship program will provide will ensure the site is well positioned for growth in the next several years. About BombardierBombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety. Headquartered in Montréal, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of approximately 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. News and information is available at bombardier.com or follow us on Twitter @Bombardier. Notes to EditorsVisit the Bombardier Business Aircraft website for more information on our industry-leading products and services. Bombardier, Global and Global 7500 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries. For InformationMatthew NichollsBombardier+ 1 514-243-8214matthew.nicholls@aero.bombardier.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/76eef79c-a912-420d-b923-5d6419420e6b
- The Motley Fool
Forget Air Canada Stock: 3 Airline Stocks Soaring to New Heights
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