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Bombardier stock falls below $1 as Airbus inks Iran jet deal

Bombardier shares were reduced to penny-stock status for the first time since 1991 on Wednesday as the plane and train maker continues to have trouble selling its next generation of aircraft. Bombardier shares were trading hands at 92 cents on the TSX on Thursday, a day after closing below the $1 level for the first time in 25 years. If a company falls below $1 per share on some major exchan...

Perpetrator of 1985 Air India Bombings, Which Killed 331, Freed From Jail

It was the deadliest terrorist strike involving an aircraft until the September 11 attacks. The only convicted perpetrator of the 1985 Air India bombings was released from a Canadian prison on Wednesday, the Times of India reports. Inderjit Singh Reyat, a Sikh who emigrated to Canada, had served more than two decades in jail for building the two suitcase bombs involved in the plot,...

Air Canada Welcomes New Agreement with its Technical Maintenance, Airport Ramp and Cargo Personnel

Air Canada welcomes today’s confirmation by the International Association of Machinists and Aerospace Workers (IAMAW) that its members have ratified a new contract on collective agreement terms for ten years. The IAMAW represents 7,500 Air Canada employees who work as technical, maintenance and operational support employees in the airline’s Airport, Maintenance and Air Canada...

United Airlines just delivered some terrible news to Canada's largest airplane maker

United Airlines just delivered some bad news to Bombardier as the airplane maker seeks to dig itself out of a financial hole. The aviation giant had been in talks with United Airlines about a 40-aircraft order for its widely praised, but slow selling, C-Series airliner. Unfortunately for Bombardier, United announced with its latest earnings report that the airline has decided to go with Boei...

Bombardier’s All-new C Series Aircraft Program Starts Ramp-up to Full Production

Airfinance Conference Dublin 2016 – Bombardier Commercial Aircraft announced today that its all-new C Series aircraft program has begun the ramp-up to full production. The final assembly facility is fully equipped and production is progressing according to plan with aircraft in various stages of the build sequence. Additionally, Bombardier also confirmed that the CS100 aircraft that is sched...

Bombardier Appoints New Vice President, Investor Relations

Bombardier Inc. announced today the appointment of Patrick Ghoche as Vice President, Investor Relations, effective January 18, 2016. Mr. Ghoche will manage Bombardier’s relations with investors and analysts globally. He succeeds Shirley Chénier, who retired last year. “Patrick Ghoche is a highly dynamic executive with more than 15 years of experience in finance and accounting...

Red-flagging Canada's Children on No-fly Lists

Nearly two dozen children, some as young as six-weeks old, have been red-flagged as airline threats by the Canadian government with little recourse to extricate themselves from a highly secretive no-fly list. The embarrassing revelations for the government have come to light since January 1, after the father of Adam Ahmed, 6, posted a photo of an airline computer screen showing his son listed a...

Bombardier and TAG Aeronautics reach agreement to end sales representative and distribution relationship in 21 countries

As a result of a change in Bombardier's strategic approach to aircraft sales, Bombardier and TAG Aeronautics have amicably elected to end their contractual agreements. This concludes nearly 40 years in which TAG Aeronautics served as Bombardier's exclusive sales representative and distributor for new Challenger and Global series aircraft in 21 Middle Eastern and north African countries. Wi...

Bombardier Business Aircraft Implementing Business Model

Bombardier Business Aircraft continues to restructure and enhance its business model to improve long-term profitability. To that end, the business segment has completed initiatives to increase the number of direct-to-market channels, including termination of third-party sales representative and distribution agreements, as well as the restructuring of customer commercial agreements. As a result of...

Jazz Aviation LP Named One of Canada's Top Employers for Young People for a Fourth Year

Once again Jazz Aviation LP has earned a spot on Mediacorp Canada Inc.'s Canada's Top Employers for Young People listing, an annual survey of Canadian businesses. "Jazz is honoured to be recognized again as one of Canada's Top Employers for Young People. We believe in our employees and the importance of creating a workplace where young people can grow and thrive," said Col...

Premier Aviation Completes Purchase of Discovery Air Technical Services

Premier Aviation Overhaul Centre Inc. (“Premier”) and Discovery Air Technical Services Inc. (“DATS”), a wholly owned subsidiary of Discovery Air Inc. (TSXDA.A), announced that Premier has now completed the acquisition of substantially all of the assets of DATS on January 8, 2016. The parties previously announced Premier’s offer to purchaseDATS on June 2...

WestJet's 767s began non-stop service to Hawaii Sunday

WestJet celebrates the airline’s first flight from Alberta to Hawaii on its own Boeing 767-300 extended-range aircraft. To this point, flights to the Hawaiian Islands had been taking place on leased aircraft. “As we enter our 20th anniversary year, non-stop service from Alberta to Hawaii onboard our own wide-body aircraft is an exciting new chapter in the WestJet success story,&rdqu...