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

BOMBARDIER, INC.

(BBD.B)
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Bombardier : to sell Q400 Turboprop aircraft program to Viking Air

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11/08/2018 | 12:22am EDT
Austrian Airlines Bombardier Dash 8 Q400 aircraft in Star Alliance livery takes off from Zurich Airport

MONTREAL (Reuters) - Bombardier Inc is set to announce the sale of its Q400 turboprop aircraft program to Canadian aircraft manufacturer Viking Air, a person familiar with the matter said late on Wednesday.

The sale is expected to be announced with Bombardier's earnings on Thursday, the person said, asking not to be identified because of the sensitivity of the matter.

Bombardier and Viking could not immediately be reached for comment.

The sale was reported earlier by specialist aviation publication The Air Current.

It comes months after Bombardier completed the disposal of its loss-making CSeries jet program to Europe's Airbus, which renamed the aircraft A220.

(Reporting by Allison Lampert, Writing by Tim Hepher; Editing by Gopakumar Warrier)

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -3.34% 114.6 Real-time Quote.36.49%
BOMBARDIER, INC. -3.55% 2.72 Delayed Quote.33.99%
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Financials ($)
Sales 2019 17 906 M
EBIT 2019 1 180 M
Net income 2019 20,3 M
Debt 2019 5 657 M
Yield 2019 0,05%
P/E ratio 2019 62,92
P/E ratio 2020 9,85
EV / Sales 2019 0,59x
EV / Sales 2020 0,50x
Capitalization 4 941 M
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 3,39 $
Spread / Average Target 67%
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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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