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    BBD.B   CA0977518616

BOMBARDIER INC.

(BBD.B)
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Delayed Toronto Stock Exchange  -  04:00 2022-06-29 pm EDT
19.67 CAD   +1.34%
06/28Bombardier Announces Expiration of Early Tender Date for its Cash Tender Offer for Certain Outstanding Senior Notes
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06/28Bombardier to Buy Back US$373 Million Debt, Higher Than Previously Planned US$350 Million
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06/28BOMBARDIER BRIEF : Announced Overnight Expiration of Early Tender Date for its Cash Tender Offer for Certain Outstanding Senior Notes
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Bombardier launches latest ultra-long range business jet Global 8000

05/23/2022 | 05:20am EDT
FILE PHOTO: Illustration shows Bombardier logo

(Reuters) - Canada's Bombardier Inc launched a new long-range business jet on Monday, as it looks to stay competitive in a market that serves the ultra-rich and has remained robust amid COVID-19 driven boom in demand for private aircraft.

The Montreal-based planemaker said the Global 8000 will become the world's fastest business jet with an ultra-long range of 8,000 nautical miles (9,206 miles) and a top speed of Mach 0.94 (721 miles per hour).

The plane will enter service in 2025 and compete with high-end models offered by rivals General Dynamics and France
's Dassault Aviation - the Gulfstream G700 and Falcon 10X, respectively. https://reut.rs/3LAUBdx

Bombardier said the Global 8000 will have a list price of $78 million, slightly higher than the $75 million which its predecessor and the company's flagship Global 7500 lists for. Both rivals, the G700 and the Falcon 10X, are also priced at $75 million.

The Global 8000 jet, which is of the same size as the 19-seater Global 7500, will come equipped with General Electric's Passport Engine, Bombardier added.

Bombardier's announcement comes as corporate jet makers have been reporting swelling order backlogs, as the wealthy continued flying private during the pandemic.

Bombardier's current Global 7500 is expected to be the biggest contributor to its earnings before interest, tax, depreciation and amortization (EBITDA) over the period ending 2025.

(Reporting by Allison Lampert in Montreal and Shubham Kalia, Rhea Binoy in Bengaluru; Editing by Rashmi Aich)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BOMBARDIER INC. 1.34% 19.67 Delayed Quote.-53.79%
DASSAULT AVIATION -2.25% 147.9 Real-time Quote.59.26%
GENERAL DYNAMICS CORPORATION -0.55% 219.28 Delayed Quote.7.21%
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Financials (USD)
Sales 2022 6 610 M - -
Net income 2022 -327 M - -
Net Debt 2022 5 282 M - -
P/E ratio 2022 -
Yield 2022 -
Capitalization 1 482 M 1 482 M -
EV / Sales 2022 1,02x
EV / Sales 2023 0,88x
Nbr of Employees 13 400
Free-Float 72,6%
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Éric Martel President, Chief Executive Officer & Director
Bart W. Demosky Chief Financial Officer & Executive Vice President
Pierre Beaudoin Vice President-Product Development
David Murray Senior Vice President-Information Technology
Paul Sislian Executive Vice President-Operations
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