Chorus Aviation Announces Fourth Quarter and Year-End 2019 Financial Results
Provided by Chorus Aviation Inc/CNW A year of outstanding accomplishments Q4 2019 Financial Highlights and Accomplishments Net income of $36.6 million, or $0.23 per basic share, a period-over-period increase of $34.4 million. Adjusted net income1 of $23.3 million, or $0.15 per basic share, a decrease of $12.0 million due to expected reductions resulting from the 2019 amendments to the Capacity Purchase Agreement (‘CPA’) (the ‘2019 […]
Bombardier nears deal to sell stake in Airbus A220 program
News provided by the Toronto Star – link to full story and updates By Brendan Case, Bloomberg Fri., Feb. 7, 2020 Bombardier Inc.’s ill-fated foray into building jetliners may be nearing an end, and investors are applauding. The company is in advanced talks to sell its stake in Airbus SE’s A220 program to the European aerospace […]
Fresh Quebec cash injection in A220 program is ‘out of the question,’ Legault says
News provided by the Montreal Gazette – link to full story and updates Quebec has no appetite for a fresh cash injection in the joint venture that builds the A220 jetliner, Premier François Legault said. FRÉDÉRIC TOMESCO Updated: January 29, 2020 Quebec has no appetite for a fresh cash injection in the Airbus SE-led joint venture […]
Bombardier back to the brink after rethinking Airbus A220 deal
News provided by BNN Bloomberg – link to full story and updates Siddharth Philip and Paula Sambo, Bloomberg News, 16 January 2020 Watch: Link to Video The Street Bombardier slashes outlook; pursues ways to boost balance sheetBombardier is cutting its full-year revenue and adjusted profit forecasts and warning of much deeper cash burn, mostly tied to […]
A220 cost reductions on ‘track’ as Airbus seeks to make the Quebec programme profitable
News provided by Flight Global – link to full story By Jon Hemmerdinger, Montreal15 January 2020 One year ago, Airbus executives in Canada laid out broad strokes of a plan to make the A220 a commercial success. Chief among the company’s goals: to boost A220 production, land sales with major airlines, reduce costs and, ultimately, make […]
Bombardier Provides Preliminary Fourth Quarter and Full Year 2019 Financial Results and Updates on Accelerating Deleveraging Phase of Turnaround Plan
Provided by Bombardier Inc/Globe Newswire Financial results expected to be below guidance, driven largely by actions at Transportation to resolve challenging projects Aviation financial results largely on track Company actively pursuing strategic options to accelerate deleveraging Bombardier reassessing future participation in Airbus Canada Limited Partnership All amounts in this press release are in U.S. dollars […]
Air Canada Celebrates the Arrival of its First Airbus A220, Continuing its Fleet Modernization Program
Provided by Air Canada/CNW Canadian-built aircraft unveiled at the airline’s Montreal headquarters First commercial flight departs Montreal for Calgary January 16, offering customers a modern, spacious new cabin interior A220 technology reduces fuel consumption by 20 per cent per seat MONTREAL, Jan. 15, 2020 /CNW Telbec/ – Air Canada today unveiled the newest member of its fleet, the Airbus A220-300, before employees […]
Chorus Aviation Capital adds 34 aircraft on-lease in a record 2019
Provided by Chorus Aviation Inc/CNW Concludes year with additional leases to Croatia Airlines and IndiGo, and lease extensions to Aeromexico Connect Third-party committed leased fleet has now reached 641 aircraft HALIFAX, Jan. 13, 2020 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) announced today that Chorus Aviation Capital (‘CAC’) added a total of 34 aircraft on-lease in 2019. With […]
Air Canada’s Airbus 220-300 at YYZ
24 December 2019 at Toronto Pearson YYZ Credit to Jaci Stevens © 2019 Copyright
Air Canada takes delivery of its first A220
20 December 2019 – Airbus Press Release Air Canada has taken delivery of its first A220-300, designed, built and delivered from the Mirabel A220 programme facilities in Canada. The first aircraft out of an order of 45 will enter service in January 2020, making Air Canada the first airline to operate the A220-300 in North […]