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Allison Lampert - 3 Christinne - 2 Pierre Fitzgibbon - 1 Fitzgibbon - 1 we're - 1 Jonathan Oatis - 1 Benoit Tessier - 1 Christian Scherer - 1
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Search resuls for: "Canada's Bombardier"


9 mentions found


☆ Quebec expects possible profit with planned sale of A220 jet program stake in 2030
  + stars: | 2023-11-20 | by ( Allison Lampert | ) www.reuters.com   time to read: +2 min
[1/2] An Airbus A220-300 is seen at the Airbus facility in Mirabel, Quebec, Canada February 20, 2020. Quebec holds a 25% stake in the jet, which has faced scrutiny as Airbus struggles to contain costs on parts. Airbus has also faced delays in ramping up production toward its latest target of 14 planes per month by 2026. Airbus has said it plans to raise Mirabel production to 10 A220s a month, with four jets a month in Mobile. The planemaker created the Mobile production line for U.S. customers to avoid a trade dispute with Boeing (BA.N) when it took over the plane from Canada's Bombardier in 2018.
Persons: Christinne, Pierre Fitzgibbon, Fitzgibbon, we're, Allison Lampert, Jonathan Oatis Organizations: Airbus, REUTERS, Rights, Reuters, Quebec, Aerospace, Bombardier, Mirabel, Boeing, Mobile, Thomson Locations: Mirabel, Quebec, Canada, Airbus's, Mobile , Alabama, Mobile
☆ Airbus nears decision on new planemaking leadership - sources
  + stars: | 2023-09-15 | by ( Tim Hepher | ) www.reuters.com   time to read: +3 min
[1/2] An Airbus logo is pictured at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. Industry sources said a final decision on the shake-up was likely in coming weeks, capping weeks of speculation after Reuters reported the looming reorganisation in July. Airbus Helicopters CEO Bruno Even had earlier been cited as a possible candidate for the top planemaking role. But the focus of speculation has widened to Chief Commercial Officer Christian Scherer, a veteran of the Airbus planemaking business who has also had stints at the Defence division and in running turboprop joint-venture ATR, industry sources said. His appointment would herald broad continuity at the company's main planemaking business, which accounts for most of the company's revenue.
Persons: Benoit Tessier, Christian Scherer, Guillaume Faury, Bruno, Scherer, Tim Hepher, Louise Heavens Organizations: Airbus, Paris, REUTERS, Rights, Industry, Reuters, Airbus Helicopters, Defence, France, Jefferies, Bombardier, Pratt, Whitney, Airbus Defence & Space, Military Air Systems, FCAS, Thomson Locations: Le Bourget, Paris, France, Ukraine, Germany, United States
☆ Wheels Up flies for now, but private-jet rivals see opportunity
  + stars: | 2023-08-16 | by ( Allison Lampert | ) www.reuters.com   time to read: +4 min
Wheels Up avoided a possible bankruptcy when it secured backing from investors on Tuesday, including U.S. carrier Delta Air Lines (DAL.N). Two operators have closed down since May in the face of diminished traffic and higher labor costs could force some private-jet operators out of business. While private flying remains above 2019 levels, traffic has slowed since the pandemic, when wealthy passengers sought to avoid crowded commercial airports. The company, which provided third-party flying service to Wheels Up, faces a lawsuit from Wheels Up over a contract dispute. Jamie Walker, chairman of U.S. private jet operator Jet Linx, said he sees opportunity for both organic growth and acquisitions due to the softening marketplace.
Persons: Brian Foley, Foley, Jim Segrave, Uber, Dynamics's, Canada's, Travis Kuhn, Justin Crabbe, Andrew Collins, Jamie Walker, Linx, " Walker, Allison Lampert, Ben Klayman, Andy Sullivan Organizations: Delta Air Lines, Rivals, Gulfstream, Canada's Bombardier, U.S, Argus, North, Thomson Locations: U.S, New York, Miami, North Carolina, Montreal
☆ Bombardier quarterly profit beats estimates on demand for business jets
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Christinne Muschi/File PhotoMONTREAL, Aug 3 (Reuters) - Canada's Bombardier Inc (BBDb.TO) on Thursday reported better-than-expected quarterly profit and higher revenue despite supply chain pressures, helped by demand for flying and maintaining private planes. The Montreal-headquartered business jet maker reported a second-quarter profit of $10 million from continuing operations, compared with a loss of $109 million a year earlier. CEO Eric Martel told analysts that despite "pressure points" such as smaller suppliers, the supply chain is improving and will "remain a key area of focus for the foreseeable quarters". Last month, Gulfstream jet maker Textron Inc (TXT.N) raised its full-year profit forecast on strong jet pricing. On a per share basis, quarterly adjusted profit was 72 cents, compared with a loss of 48 cents a year earlier.
Persons: Christinne, Eric Martel, Refinitiv, Allison Lampert, Abhijith, Saumyadeb Chakrabarty, Jan Harvey Organizations: Bombardier Global, REUTERS, MONTREAL, Bombardier Inc, Gulfstream, Textron Inc, Bombardier, Thomson Locations: Montreal, Quebec, Canada, Bengaluru
☆ Exclusive: Airbus delays some 2024 deliveries, keeps output goals
  + stars: | 2023-04-18 | by ( Tim Hepher | ) www.reuters.com   time to read: +4 min
Airbus confirmed unspecified delays for 2024 in a statement to Reuters but said they did not reflect any worsening of supply chain problems since it revised production plans earlier this year. The delays particularly affect the larger and in-demand A321neo variant, which now represents over half of Airbus deliveries, the sources said. Airlines and leasing companies have protested in recent months over a trickle of short-term delay notices amid ongoing supply chain problems. Airbus is currently the world's largest planemaker as Boeing slowly recovers from the 737 MAX safety crisis and production delays on the 787. The delays for 2024 extend the impact of supply chain problems stemming from the COVID-19 outbreak into a fifth year.
☆ Bombardier jet deliveries to rise in 2023 on private flying boost
  + stars: | 2023-02-09 | by ( ) www.reuters.com   time to read: +2 min
[1/2] An attendee exits the Bombardier Global 6500 business jet at the National Business Aviation Association (NBAA) exhibition in Las Vegas, Nevada, U.S. October 21, 2019. REUTERS/David Becker/File PhotoFeb 9 (Reuters) - Canada's Bombardier Inc (BBDb.TO) on Thursday forecast higher business jet deliveries for 2023, after strong demand for private flying drove its quarterly results above expectations despite persistent supply-chain snags. Cessna jet maker Textron Inc (TXT.N) had also offered a strong 2023 forecast last month. It forecast 2023 revenue of more than $7.6 billion, compared with estimates of $7.69 billion, according to Refinitiv data. Free cash flow is expected to be over $250 million, compared with last year's $735 million.
☆ Mesa says it will halt American Airlines flights, finalizing deal with United
  + stars: | 2022-12-18 | by ( David Shepardson | ) www.reuters.com   time to read: +3 min
WASHINGTON, Dec 17 (Reuters) - Mesa Airlines (MESA.O) said late Saturday it is finalizing an agreement to operate regional flights for United Airlines (UAL.O) after an announcement it will wind down flights for American Airlines (AAL.O) early next year. American Eagle is a network of six regional carriers operating 3,400 daily flights under a codeshare with American – often flights to smaller regional cities. Three of the six are American Airlines subsidiaries, and three are contract carriers including Mesa. Mesa said the switch was prompted by a regional pilot shortage and American's actions related to that. But, Ornstein added in the Mesa memo, "American chose not to fund the higher pilot rates for their non-affiliated carriers.
☆ Gulfstream Aerospace weighs G550 replacement for special missions
  + stars: | 2022-10-17 | by ( ) www.reuters.com   time to read: +1 min
ORLANDO, Fla., Oct 17 (Reuters) - General Dynamics Corp's (GD.N) Gulfstream Aerospace is weighing one of its business jets to replace its popular G550 aircraft which is now out of production for special mission purposes, President Mark Burns said on Monday. Governments are eying "special mission" business jets capable of looking or listening at potentially lower running costs than converted passenger or military planes. The rising demand for small jets with systems once reserved for bigger planes has energised a market led by Gulfstream, which faces challenges from rivals Bombardier (BBDb.TO) and France's Dassault Aviation SA (AM.PA). In September, Canada's Bombardier Inc (BBDb.TO) said the company's defense business involving special mission private jets could grow to a possible $1 billion in annual revenues from a 'fraction' of it right now. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Allison Lampert in Orlando, Fla.
☆ Airbus says bigger A220 jetliner makes sense at right time
  + stars: | 2022-09-23 | by ( Tim Hepher | ) www.reuters.com   time to read: +3 min
Airbus CEO Guillaume Faury speaks during a visit of German Economy and Climate Protection Minister Robert Habeck at Airbus research facilities in Hamburg, Germany, January 18, 2022. A stretched version of the lightweight Canadian-designed airplane makes a lot of sense, "but we don't want to be right too early", Chief Executive Guillaume Faury told investors. Airbus has seized a commanding lead in the main part of the single-aisle market, most recently through the larger A321neo which Asam said would have an increasing proportion of sales. However, the industry's biggest single-aisle variant, the delayed A321XLR, is not emerging as quickly as Airbus hoped. Improvements in the range of the largest single-aisle jets like the A321neo have eaten into the lower end of the market traditionally reserved for bigger wide-body jets, where Boeing has for decades widely been seen as the market leader.
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