Why the new Airbus A220 is popular with airlines during the coronavirus pandemic
News from the Points Guy UK – link to story Edward Russell ~ 14 May 2020 There are winners and losers of every crisis in the aviation industry. The coronavirus pandemic has already forced some airlines, like Virgin Australia, into restructuring. It’s also grounded many large aircraft like the Airbus A380, but an emerging winner may […]
Hundreds of Quebec aerospace workers to be laid off at Airbus and Pratt & Whitney
News from City News 1130 – link to story BY THE CANADIAN PRESS ~ Posted May 1, 2020 MONTREAL — Nearly 700 workers are to be laid off in Quebec by two of the province’s main aerospace companies, Airbus Canada Limited Partnership and Pratt & Whitney Canada. Half of the employees will be laid off Monday for […]
Bombardier Announces Full-Year Financial Results
Provided by Bombardier Inc/CNW Exit of commercial aerospace completed with sale of remaining interest in A220 partnership for ~$600M cash proceeds and the elimination of future investments of ~ $700M(1) Pro Forma(1) cash on-hand of more than $4B, including all previously announced transactions, enhancing financial position Company continuing to actively pursue strategic options to accelerate deleveraging Fourth […]
Airbus and the Government of Québec become sole owners of the A220 Programme as Bombardier completes its strategic exit from Commercial Aviation
Provided by Bombardier Inc Bombardier transfers its remaining interest in Airbus Canada Limited Partnership (Airbus Canada) to Airbus SE and the Government of Québec Airbus now holds 75 percent of Airbus Canada with the Government of Québec increasing its holding to 25 percent for no cash consideration Bombardier work packages for the A220 and A330 […]
Airbus opens second A220 line as assemblies start at Mobile
News provided by FlightGlobal.com – link to full story 05 August, 2019 by Jon Hemmerdinger, Boston, FlightGlobal.com Airbus has started assembling A220s at its Alabama facility, a milestone coming nearly two years after the European airframer announced its intention to open a US A220 manufacturing site. The company has “officially begun manufacturing the A220 in […]
Airbus Canada Limited Partnership new name comes into effect June 1
Provided by Airbus/CNW Change from C Series Aircraft Limited Partnership (CSALP) reflects Airbus’ majority stake in the A220. MIRABEL, QC, May 31, 2019 /CNW Telbec/ – The change of name of CSALP to Airbus Canada Limited Partnership, which was announced in March 2019, will come into effect on June 1, 2019. The new name reflects the majority interest of Airbus […]
airBaltic to phase out Boeing 737 ahead of schedule
Provided by BreakingTravelNews.com 20 February – Breaking Travel News airBaltic will end its Boeing 737 fleet operations in the autumn, one year ahead of plan. The airline aims to minimise complexity and benefit from the additional efficiency of the Airbus A220-300 aircraft which will become the only jet type operated by the Latvian airline. Martin […]
Bombardier Reports Fourth Quarter and Full Year 2018 Results
Provided by Bombardier/Globe Newswire EBIT before special items(1) up 42% year-over-year to more than $1.0B on revenues of $16.2B for the year; EBIT increased 235% year-over-year to $1.0 billion 2018 EBIT margin before special items(1) up 180 bps year-over-year to 6.3%; EBIT margin of 6.2% Full year free cash flow(1) of $182M, comprising proceeds from certain transactions, […]
Mitsubishi countersuit ratchets up Bombardier acrimony
News provided by FlightGlobal.com 29 January 2019 – By Greg Waldron, Singapore – flightglobal.com Mitsubishi Aircraft’s countersuit against Bombardier constitutes a detailed rebuttal of the Canadian manufacturer’s claims against the MRJ regional jet programme. The 116-page suit filed with a US federal court takes issue with allegations made by Bombardier against Mitsubishi related to its […]
Mirabel site could produce 10 A220s monthly by mid-2020s: Airbus
News provided by flightglobal.com 15 January 2019 by Jon Hemmerdinger, Montreal Airbus expects its Mirabel A220 assembly site will have the ability to complete 10 aircraft monthly by the mid-2020s, a rate that the A220’s former owner Bombardier had once intended to hit by 2020. In addition, by the mid-2020s Airbus expects its now-under-construction A220 […]