50 SKY SHADES - World aviation news

Bombardier Announces a Definitive Agreement for the Sale of Amphibious Aircraft Program to Viking Air Limited

Download: Printable PDF Date: 20 Jun 2016 14:19 category:
Publisher:
Bombardier Announces a Definitive Agreement for the Sale of Amphibious Aircraft Program to Viking Air Limited - Manufacturer publisher
Krista Kuznecova
Country: Canada Aircraft: Airplanes

Bombardier announced  that it has reached a definitive agreement for the sale of its Amphibious Aircraft program to British Columbia-based Viking Air Limited. The agreement covers the Type Certificates for all variants of the aircraft, the CL-215, the CL-215T and the Bombardier 415 aircraft as well as after-market services.

The completion of this transaction is subject to the approval of all required governmental and regulatory authorities and the fulfillment of other customary closing conditions. The transaction is expected to close in the next few months. 

“This transaction supports our goal of rebuilding a clear path to profitable earnings growth and cash generation,” said Alain Bellemare, President and Chief Executive Officer, Bombardier Inc. “While the Amphibious Aircraft program is part of our long history, this divestiture positions Bombardier to better focus on our core, higher growth businesses; business jets, commercial aircraft and rail transportation.”

No amphibious aircraft have been produced since December 2015 after Bombardier paused the program. The decision to sell the Amphibious Aircraft program was made after careful deliberation and a rigorous analysis. Viking Air, a long-standing Bombardier collaborator, is the perfect successor to continue to build the value and reputation of the program while ensuring the sustainability of the fleet. Viking Air will provide the right customer support to operators who, given the aircraft’s unique firefighting capabilities, play an essential role in the protection of communities, environment, resources and wildlife.

Bombardier’s amphibious aircraft are emblematic of Canada and are the backbone of many firefighting operations around the world. The Bombardier 415 was launched in 1994 and drew on the success of the earlier CL-215 and CL-215T versions to establish itself as the only purposely built and best firefighting aircraft in the world. Close to 170 Bombardier amphibious aircraft are in service worldwide.

Plans are underway to transfer the 50 Amphibious Aircraft program employees to other parts of the Bombardier organization following the completion of an orderly transition of the business.



Loading comments for Bombardier Announces a Definitive Agreement for the Sale of Amphibious Aircraft Program to Viking Air Limited...


Recommended

The H160 lands in Las Vegas, kicking off Airbus’ presence at Heli-Expo

H160 prototype, H145, H135 and H125 alongside a full range of updated HCare digital solutions The H160 prototype has landed in Las Vegas and will be headlining Airbus Helicopters’ presence fo...

Helipass: #1 online booking platform designs to reach the 6 million bookings.

During Heli Expo, Las Vegas 2018, the #1 online booking platform extends its footprint into the US market. Helipass, the digitally powered online helicopter booking with a span on over 235 destinat...

XTI Aircraft on Schedule with Development of Flying Prototype

XTI Aircraft Company (XTI) announced it is on schedule and on budget as it completes the ducts and fans for its 60% scale flying prototype of the TriFan 600 aircraft and moves toward...

High-tech solutions used in airborne inspection of Latvian power grids

In this age of new technologies, all industries are trying to implement innovative solutions to make their daily operations easier and more efficient. As is the Latvian transmission systems operator A...