MONTREAL - Bombardier is planning yet another round of cost-cutting and says layoffs are likely in Toronto and Montreal as it seeks to boost profits to address shareholder frustrations and adjust to weaker demand for business jets.
This short video highlights the hottest news stories in manufacturing from the month of March 2015.
MONTREAL - Program delays and cash concerns within Bombardier's aerospace division won't deter Air Canada from considering its new CSeries commercial aircraft, Air Canada CEO Calin Rovinescu said Tuesday.
MONTREAL - Bombardier Inc. is preparing to sell its Military Aviation Training unit for C$19.8 million to CAE Inc., a Montreal-based company that specializes in training equipment and services. Among other things, CAE will take over as prime contractor for the NATO Flying Training in Canada, or NFTC, a program that Bombardier has been operating out of Canadian Forces Base Moose Jaw in Saskatchewan and CFB Cold Lake in Alberta.
Bombardier is suspending negotiations on a $3.4-billion proposal to assemble turboprop aircraft in Russia due to the country's political situation and weak economy.
MONTREAL - Bombardier Aerospace president and CEO Guy Hachey is retiring after six years in the post amid a restructuring of operations at aerospace that will result in the layoff of 1,800 employees.
MONTREAL - Bombardier Aerospace has signed a number of agreements for its new CSeries aircraft, which include letters of intent for more than 40 jets from British and Chinese companies.
Bombardier Aerospace announced this week that the development of the CSeries aircraft is making excellent progress as the program readies to transition to the flight test phase in order to achieve first flight by the end of June 2013.
SINGAPORE (CP) - Export Development Canada announced a deal with a major China-based leasing company Wednesday aimed at promoting the use of Bombardier Inc. aircraft in that country and elsewhere.
Toronto - Bombardier Aerospace announced yesterday that Geneva-based PrivatAir has placed a firm order for five CS100 airliners and has taken options on an additional five CS100 aircraft.