Bombardier Inc. (TSX:BBD.B) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 880,000 Class B shares, post consolidation basis, representing 1.03% of its issued share capital. The repurchased shares will either be cancelled if purchased in order to mitigate the dilutive effect of granting stock options under the corporation's stock option plan or placed in trust with Computershare Canada to satisfy future obligations under the corporation's employee share-based incentive plans.

The repurchases would be an effective use of its funds. The program is subject to obtaining approval of the Toronto Stock Exchange. The program will be valid till June 27, 2023.

As of June 13, 2022, the company had 85,373,899 Class B shares issued and outstanding are on a post-share consolidation basis.