Page 49 - Eric Martel News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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AVweb Bombardier has declared the COVID-19 turbulence to be all but over but it’s taking a cautious approach to future production increases. The company, which only a few years ago made everything from wings for Boeings to high-speed trains, has shed all of that to become purely focused on business jet production. That all happened as the pandemic ensued and company officials told an analysts call last week that it’s come out the other side in good shape. It’s also not taking that for granted. “We believe it is best to maintain a disciplined approach to our production ...

Bombardier not ready to increase jet production despite clearing COVID turbulence May 10, 2021   The Canadian Press MONTREAL – Bombardier Inc. isn’t ready to increase business jet production despite believing it has passed through turbulence caused by the COVID-19 pandemic. The Montreal-based company reiterated its outlook for the fiscal year, including delivery of 110 to 120 aircraft, as part of its first-quarter results that were partially disclosed earlier this week. Chief executive Eric Martel says the company needs to continue playing it safe. “We believe ...

US Investigating Bombardier Over Garuda Indonesia Jet Sales Advertisement: The US Department of Justice (DOJ) has requested several documents from Canadian plane maker Bombardier to aid an investigation into claims of fraud regarding deals with Indonesian airline Garuda Indonesia. Bombardier is currently under investigation for the same deals in the UK. Bombardier is now being investigated in the US and the UK for bribery and corruption regarding sales of its CRJ1000 in Indonesia. Photo: Bombardier According to Reuters, the US has joined the ongoing investigation in the UK regarding the sale ...

MONTREAL (Reuters): The United States has joined an international investigation into suspected bribery related to decade-old sales of Bombardier jets to Garuda Indonesia, the Canadian planemaker said on Thursday (May 6). Bombardier, the latest aerospace group to face scrutiny over middlemen in past jet deals, said the US Department of Justice requested documents and information in February relating to the acquisition and lease of its CRJ1000 aircraft to the Indonesian airline between 2011 and 2012. A Bombardier spokesman said the company was cooperating fully. In November, Britain's Serious F...