Bombardier announced that Mr. Pierre Beaudoin, Bombardier’s Executive Chairman, has requested that the Bombardier Board of Directors reset his compensation for 2016 to bring it back to its 2015 level.
“After listening to the recent public debate about the compensation of senior executives at Bombardier, I have asked the Board of Directors to reset my 2016 compensation, reducing it to the 2015 level. Bombardier is a proud Canadian company, with a storied history that began in Quebec and has spread around the world as our business has expanded. The trust and confidence of our people and our governments are extremely important to the company, and to me. It is clear that this situation has become a distraction to the important work done by our employees and senior management to return this great company to growth. I take this step to put the focus back on what matters – the transformation of Bombardier into the most competitive plane and train manufacturer in the world.” – Pierre Beaudoin, Executive Chairman, Bombardier
The company will file a supplement to its 2017 Management Proxy Circular next week to reflect the change to Mr. Beaudoin’s 2016 compensation.
The Arriel 2K engine that powers Leonardo’s AW09 helicopter, has received its type certificate from EASA. This marks an important milestone towards the entry into service of the AW09, Leonardo&r...
flydubai will host its UAE National Careers Open Day on 16 August at the flydubai Campus, inviting UAE nationals to explore rewarding careers with one of the region’s fastest-growing airlines an...
Riyadh Air celebrated the launch of its inaugural service between Riyadh and Kuala Lumpur, establishing its first gateway into Southeast Asia. The inaugural event was celebrated in both cities, kickin...
Textron Aviation achieved a key milestone as the Cessna Citation CJ3 Gen3 prototype aircraft completed its first flight, advancing the next-generation light jet toward certification. With th...
