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Bombardier not ready to increase jet production despite clearing COVID turbulence A Bombardier Global 7000 aircraft mock up is shown in Toronto on Tuesday, November 3, 2015. THE CANADIAN PRESS/Nathan Denette May 06, 2021 - 9:42 AM 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 disclo...

Bombardier not ready to increase jet production despite clearing COVID turbulence © Provided by 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 it is best to maintain a disc...

By Allison Lampert and Tim Hepher MONTREAL, May 6 (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. Bombardier, the latest aerospace group to face scrutiny over middlemen in past jet deals, said the U.S. 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 ful...

Bombardier’s first quarter ‘a good start’ Yves Le Marquand 6th May 2021, 1:28 “We have been setting the foundations to become a more resilient and profitable business – in a nutshell, a good start [to the year] ,” said Eric Martel, president, Bombardier opening the company’s first-quarter results webcast. Martel said recovery from the Covid-19 global pandemic was progressing: “Most market trends point to a gradual reopening and strong recovery.” Bombardier’s business jet revenues are up 18% year-on-year (YoY) totalling $1.3bn, largely driven by a mix of large-cabin airc...

A Bombardier plant is seen in Montreal on Thursday, February 11, 2021. THE CANADIAN PRESS/Paul Chiasson May 03, 2021 - 10:02 AM MONTREAL - Bombardier is expecting to generate higher revenues in the first quarter while the aircraft manufacturer faces an allegation that it breached debt covenants by selling its railway and commercial aircraft businesses. The Montreal-based maker of business jets released preliminary results that expect revenues to increase 18 per cent from a year ago to US$1.3 billion. Full results will be released on Thursday at its annual meeting. Bombardier a...