Bombardier Inc (BBD_pb.TO)
28 Jul 2014
|Market Cap (Mil.):||$6,369.98|
|Shares Outstanding (Mil.):||1,758.05|
July 29 - WestJet Airlines Ltd, Canada's No. 2 carrier, posted a bigger-than-expected quarterly profit as higher ticket prices and fees helped it offset steeper fuel costs and a weaker Canadian dollar.
- Struggling with long delays in its CSeries jetliner, aircraft maker Bombardier Inc on Wednesday announced it will reorganize its business structure and cut 1,800 jobs, and it said the head of its aerospace division would retire.
(Adds job cuts, analyst comment, background on previous departures.)
* Says to lay off 1,800 aerospace employees in the coming months, part of restructuring announced on Wednesday Further company coverage: (Reporting by Allison Martell)
- Bombardier Inc <BBDb.TO on Wednesday announced a major overhaul in its organizational structure and the departure of the head of its aerospace division amid struggles with its long-delayed CSeries jetliner program.
(Adds comments from chief executive officer, adds background on CSeries jetliners)
July 23 - Canada's Bombardier Inc said it completed a reorganization of its business into four units as it looks to cut costs and overhead.
July 22 - A fix for Pratt & Whitney's engine used in Bombardier Inc's new CSeries jet is not expected to be needed on versions of the engine used in other aircraft, the chief financial officer of Pratt parent United Technologies Corp said on Tuesday.
FARNBOROUGH England - Canadian plane and train maker Bombardier on Wednesday reached the 500 mark for deals for its Q400 turboprop model and for its CSeries airliner with three contracts announced at the Farnborough Airshow.
- British carrier Flybe said on Tuesday it had signed a services agreement with Bombardier Inc, making the Canadian planemaker's Q400 the 'aircraft of choice' for Flybe's UK branded business.