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...But they also manufacture fuselage sections and other critical components for a range of business jets built by Canada’s Bombardier....
...Airbus, which has battled to reduce costs at the A220 programme it bought from Canada’s Bombardier almost six years ago for C$1, has held exploratory talks with Spirit about the Belfast factory, according...
...Indonesia has convicted one person and named four suspects in its investigation into Bombardier....
...“We could not find enough business potential to resume development,” he said, adding that MHI would focus on the regional jet maintenance service it acquired from Bombardier....
...Luxembourg filings show BNP also lent money to an aviation subsidiary Altice created in 2021, when the group agreed to purchase a Bombardier private jet for more than $21mn. BNP declined to comment....
...The SFO said on Thursday: “The SFO confirms it is investigating Bombardier Inc over suspected bribery and corruption in relation to contracts and / or orders from Garuda Indonesia.”...
...To get the deal over the line, Alstom will have to sell one of its factories in France, a regional train unit, part of a Bombardier facility in Germany and a Bombardier commuter trains division....
...In November Bombardier announced it was cutting 490 jobs from its Northern Ireland operations in an effort to reduce costs. Bombardier declined to comment regarding discussions with the DUP....
...It did not work, nor did the intervention hours later by Quebec economy minister Pierre Fitzgibbon, who reminded Mr Le Maire in a call that French rail company Alstom had bought Canada’s Bombardier last...
...Bombardier, founded 78 years ago, has been listed for decades and has billions of dollars of publicly traded bonds outstanding....
...Bombardier pitches it as the only business jet capable of flying nonstop from New York to Hong Kong....
...While going ahead with the Bombardier deal, he suspended development of the 76-seat M100 model, halving this year’s budget to ¥60bn....
...“Overall, both Bombardier Transportation and Alstom generate about 60-65 per cent of their revenues from Europe....
...In the end, that sealed Bombardier’s fate....
...Today Bombardier holds a 33.58 per cent stake in the venture while the government of Quebec holds 16.36 per cent stemming from a $1bn lifeline extended to Bombardier in 2015....
...Now it has announced that it intends to buy the train unit of Canada’s Bombardier. The agreed price — €7.5bn including debt — is a sign of Bombardier’s weakness....
...As global deals have collapsed elsewhere, Hitachi has completed its $11bn acquisition of ABB’s power grids division, while Mitsubishi Heavy Industries closed its $550m purchase of Bombardier’s regional jet...
...Bombardier said there would be “no workforce adjustment” as part of the announcement....
...A team at the Northern Irish base of Canadian aerospace company Bombardier has won a prestigious engineering award for a composite wing that reduces the environmental footprint of commercial jets....
...Bank of America Merrill Lynch and Credit Suisse are advising Bombardier on the disposal....
...Bombardier said it will continue to supply components and spare parts and will assemble the CRJ backlog on behalf of Mitsubishi....
...Bombardier confirmed it was in discussions with the Japanese group over the CRJ programme but cautioned that an agreement was not assured....
...While the A220 programme is a very significant contract, it also builds components for Bombardier and other manufacturers....
...The main plant makes wings for what was previously called the C-series jet, which was a cash drain on Bombardier....
...(FT) News round-up Buyout group Melrose considers sale of chunk of Nortek (FT) Bombardier in talks to combine rail unit with Alstom (BBG) Carlos Ghosn: I am a victim of double standards and disinformation...
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