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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Bombardier, Inc.    BBD.B   CA0977512007

BOMBARDIER, INC.

(BBD.B)
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Bombardier : HK Bellawings Jet Limited of Hong Kong Exercises Options for Two Global 7500 Business Jets and Signs New Letter of Intent for Five Additional Global 7500 Aircraft

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05/22/2019 | 09:05am EDT

Bombardier is pleased to announce that Hong Kong aircraft management company HK Bellawings Jet Limited has signed a letter of intent (LOI) for five new Global 7500business jets and has also exercised options for two Global 7500 business jets, as part of the initial agreement signed in May last year.

This news comes as the industry flagship Global 7500 aircraft is showcased for the first time at the European Business Aviation Conference & Exhibition (EBACE) in Geneva.

'The Global 7500 aircraft continues to demonstrate its unrivalled performance and smooth ride, all the while delivering uncompromising value to customers under any conditions, at any time, without the need for tailwinds,' said David Coleal, President, Bombardier Aviation. 'HK Bellawings' experienced and professional team is a perfect fit for the Global 7500 aircraft's superior performance and we are thrilled that they have chosen our flagship to expand their growing fleet of business jets.'

'Today marks a step forward towards our goal of becoming the premier Asian private jet operator. We are very impressed with Bombardier's Global 7500 aircraft since its entry into service less than six months ago,' said HK Bellawings' President Mr. YJ Zhang. 'Its unmatched performance and range is ideally suited for our customers in the Greater China region. As the operator that will manage one of the world's largest fleet of Global 7500 aircraft, HK Bellawings Jet will further expand its business scope and continuously pursue higher goals.'

Winner of the 2019 Aviation Week Grand Laureate Award and a Red Dot award for design, the Global 7500 jet offers Bombardier's signature smooth ride and a spaciousness that is unique among business jets. Featuring a full-size kitchen and four true living spaces, the aircraft sets the benchmark for the most exceptional cabin interior. The Global 7500 aircraft's range of 7,700 nautical miles is the longest in business aviation. This business jet can connect the cities of Beijing, Shanghai and Hong Kong non-stop to the cities of New York, London or Milan, and also fly nonstop from Singapore to Vancouver.

Established in 2014, HK Bellawings Jet Limited is a distinguished business jet management company dedicated to providing a diverse array of professional, highly efficient and comprehensive business aviation services and solutions, which include business jet management, aircraft maintenance, travel concierge service, aircraft acquisition service, and business aviation consultancy. They operate a fleet of Challenger and Global business aircraft.

About Bombardier

With over 68,000 employees, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries as well as a broad portfolio of products and services for the business aviation, commercial aviation and rail transportation markets. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2018, Bombardier posted revenues of $16.2 billion US. The company is recognized on the 2019 Global 100 Most Sustainable Corporations in the World Index. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Contact:

Mark Masluch

Tel: 514-297-7043

Email: mark.masluch@aero.bombardier.com

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials ($)
Sales 2019 16 965 M
EBIT 2019 1 016 M
Net income 2019 147 M
Debt 2019 5 502 M
Yield 2019 0,06%
P/E ratio 2019 23,79
P/E ratio 2020 10,56
EV / Sales 2019 0,55x
EV / Sales 2020 0,46x
Capitalization 3 828 M
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 2,84 $
Spread / Average Target 82%
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Managers
NameTitle
Alain M. Bellemare President, Chief Executive Officer & Director
Pierre Beaudoin Executive Chairman
John Di Bert Chief Financial Officer & Senior Vice President
François Caza Chief Engineer & VP-Product Development-Aerospace
Ernest Jeffrey Hutchinson Chief Information Officer
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