December 18, 2018 – Montréal – Bombardier Business Aircraft

• Long-standing Bombardier customer Rega now has three specially configured, high-performing Challenger 650 aircraft to carry out urgent medical evacuations
• The Challenger 650 aircraft has the cabin size, flexibility, range and dependability to be the next generation of a proven life-saving platform
• With the highest wing loading of any aircraft in its class, the Challenger 650 aircraft provides an exceptionally smooth ride that benefits passengers receiving medical care, minimizes pilot fatigue and extends the life of mission equipment

Bombardier has proudly delivered a third Challenger 650aircraft to Swiss Air-Rescue Rega, completing a next-generation fleet of air ambulances tasked with rescuing and repatriating Swiss citizens around the world.

Rega, a long-standing Bombardier customer, took possession of two other Challenger 650 aircraft earlier in 2018. This trio of aircraft replaces Rega’s Challenger 604 fleet, and demonstrates the non-profit foundation’s commitment to the renowned Bombardier Challenger platform.

“It is with the utmost confidence and pride that we deliver a third Challenger 650 aircraft to our partners at Rega,” said David Coleal, President, Bombardier Business Aircraft. “Confidence because we know these aircraft have the reliability that is so important when lives are on the line, and pride to see the Challenger platform configured into the world’s most advanced air ambulance.”

Bombardier has a varied portfolio of business jets that can be readily modified for special missions. In this case the three Challenger 650 aircraft, with their widest-in-class cabins, were specially outfitted with two state-of-the-art intensive care units including two patient beds. Bombardier’s signature smooth ride provides a comfortable environment during any special mission.

Swiss Air-Rescue Rega is a non-profit foundation and one of the world’s pioneers in aeromedical evacuation. In addition to repatriating patients from abroad with three ambulance jets, Rega carries out air-rescue operations in Switzerland with a fleet of 17 helicopters. Rega acquired its first Challenger aircraft from Bombardier in 1982 and has operated Challenger aircraft ever since.

The Challenger 650 aircraft combines the tried-and-true performance upon which Rega has depended for decades with the enhancements and technology to be the life-saving fleet of a new generation. A member of the world’s best-selling large business aircraft platform, the Challenger 650 aircraft is one of the world’s most reliable business jets, with an impressive range of 4,000 nautical miles and a cabin that is quieter than ever.

The Bombardier Vision flight deck aboard the Challenger 650 aircraft reduces pilot workload, and can be equipped with an advanced Head-up Display featuring Enhanced and Synthetic Vision. This leading-edge technology significantly improves situational awareness and operational capability, particularly in remote airfields with limited visibility.

Bombardier delivered all three Challenger 650 aircraft to Rega from Ontario, Canada. The delivery of the third aircraft took place on Dec. 17.

News provided by Financial Post

Two-year delay from ‘unspecified challenges’ is over, and the plan is to sell up to 20 Global 7500s next year

Bombardier Inc. says it will deliver its first Global 7500 next week as the company’s biggest luxury jet makes its commercial debut two years later than initially planned.

The planemaker is planning an event near Montreal on Dec. 20 to mark the entry into service of its newest aircraft, according to a statement Tuesday. The Global 7500, which can fly nonstop from San Francisco to Singapore, has a list price of about US$73 million. The company didn’t identify the customer.

Bombardier is counting on the Global 7500 to generate at least US$2.5 billion of annual sales by 2020 as the Montreal-based manufacturer trims its commercial-plane operations to focus on business jets and trains. Canada’s largest aerospace company needs the boost from the long-range plane as it grapples with US$9.5 billion in adjusted debt and bond maturities starting in 2020.

In July 2015, Chief Executive Officer Alain Bellemare pushed back the Global 7500’s commercial debut by two years to the second half of 2018. At the time, the company cited unspecified “challenges” with the development of the plane, which was then known as the Global 7000.

David Coleal, who runs the company’s business-aircraft unit, said last week that Bombardier is planning to ship 15 to 20 Global 7500s next year, with most of those deliveries in the second half. Shipments of the jet will likely climb to as many as 40 in 2020 as Bombardier seeks to grab market share from General Dynamics Corp.’s Gulfstream G650.

Bombardier advanced five per cent to $2.20 at 2:30 p.m. in Toronto. The shares have fallen 31 per cent this year through Monday, while a Standard & Poor’s index of Canadian industrial stocks was little changed.

Bloomberg News

Provided by Exchange Income Corporation/CNW

WINNIPEG, Dec. 12, 2018 /CNW/ – Exchange Income Corporation (TSX: EIF) (the “Corporation” or “EIC”), a diversified, acquisition-oriented company focused on opportunities in the aviation, aerospace and manufacturing sectors, is pleased to announce that it is has completed an Agreement to lease ten Bombardier CRJ200 aircraft to SkyWest Airlines (“SkyWest”).

Beginning in August of 2018, Regional One, EIC’s Miami, Florida-based distributor of regional aircraft, engines and aftermarket parts, has acquired nine CRJ200 aircraft, which are now in service with SkyWest. Each of these aircraft is leased to SkyWest for a minimum term of two years, with SkyWest having an option to extend the leases. The purchase of the tenth aircraft by Regional One is expected to close imminently. These ten aircraft represent approximately 5% of SkyWest’s fleet of CRJ200’s.

Hank Gibson, President of Regional One, stated, “We are extremely happy to further strengthen our relationship with SkyWest Airlines, one of the largest regional airlines in North America. SkyWest is a preeminent player in the global regional airline industry, so it is gratifying to be a trusted business partner with them.”

Mike Pyle, EIC’s CEO, added, “This transaction provides another example of Regional One’s expertise and understanding of the regional airline industry and the narrow-body aircraft utilized by these regional airlines. Hank’s experienced management team identified an opportunity to strategically invest in assets and quickly monetize them, achieving an excellent return on investment.”

Provided by atwonline.com

10 December 2018 by Graham Warwick, Aviation Week

Bombardier expects its commercial aircraft unit to become profitable in 2020 relying solely on CRJ production after the sale of the Q400 program next year.

Revenue at Bombardier Commercial Aircraft will continue to shrink in 2019, to a forecast $1.4 billion, the manufacturer said Dec. 6 in its 2019 business unit guidance, down from $1.7 billion in earlier guidance.

The losses are expected to halve, however, to around $125 million—including the company’s share of Airbus A220 program (formerly the CSeries) losses—as it cuts jobs to reduce overhead. Deliveries next year are expected to remain flat at 35 CRJs and Q400s.

Bombardier did not give a delivery forecast for 2020 but expects Commercial Aircraft to be profitable, producing only the CRJ regional jet after the transfer of the CSeries program to Airbus this year and the sale of the Q400 program to Canada’s Longview Aviation Capital in 2019.

The company sees demand for 3,000 large regional jets over the next 20 years and “the CRJ900 is one of only two scope-compliant regional jets and perfectly placed for the retirement cycle,” Commercial Aircraft president Fred Cromer said.

Now Bombardier’s third-largest sector after rail transportation and business aircraft, Bombardier Aerostructures & Engineering Services is forecast to reach revenue exceeding $2.25 billion in 2020, up from $2 billion in 2018, according to the guidance.

More significantly, with the A220 program now an outside customer, Bombardier’s share of external work is expected to increase from 40% in 2018 to 60% in the next three to four years, Aerospace & Engineering Services president Danny Di Perna said.

A new engine nacelle for the A320neo—work awarded to Bombardier’s Belfast, Northern Ireland, site by Airbus in 2017—will enter production in 2021 and quickly reach a “steady, high rate,” he said, adding the division is pursuing several opportunities on missionized aircraft and nacelle systems.

Graham Warwick, Graham.warwick@aviationweek.com

News provided by flightglobal.com

06 DECEMBER, 2018 | SOURCE: FLIGHT DASHBOARD | BY: JON HEMMERDINGER |BOSTON

Bombardier’s commercial aircraft unit will remain in the red next year but turn a profit in 2020, at which time the company expects to have completed the sale of its Dash 8 turboprop programme, Bombardier says in a financial update.

The Montreal-based airframer also anticipates strong growth in the coming years from both its business jet and aerostructures divisions.

The latest update comes one month after Bombardier announced a plan to sell the Dash 8 programme, which includes the Q400 turboprop, to an affiliate of Vancouver-based Viking Air for $300 million.

That move follows Bombardier’s July sale of majority CSeries ownership to Airbus and reflects Bombardier’s intention to focus less on commercial aviation, chief executive Alaine Bellemare said in November.

He added that “strategic options” remain open for the CRJ – Bombardier’s only other commercial aircraft programme – signaling to some analysts that Bombardier will divest that aircraft next.

Bombardier released its latest financial predictions amid such variables.

It anticipates its commercial aircraft unit will deliver about 35 aircraft in 2019 and generate $1.4 billion in revenue. The unit will still lose about $125 million (before taxes, interest payments and special item expenses) next year, it states.

In 2020, however, the unit will turn profitable, according to the update. Bombardier does not, however, provide specific 2020 revenue or profit figures, citing the planned Dash 8 sale and “the exploration strategic options of the CRJ”.

Bombardier has high hopes for its other aerospace divisions.

The company expects its business aircraft unit will deliver 150-155 aircraft in 2019, earn $6.25 billion in revenue and turn a profit margin of 7.5%. The business aircraft division’s profit margin will climb to 8-10% in 2020, Bombardier predicts.

The company expects its aerostructures and engineering unit will generate $2 billion of revenue in 2019 and a 9% profit margin, followed in 2020 by at least $2.25 billion in revenue and a 9-11% profit margin, Bombardier says.

“Three years into our turnaround plan and Bombardier is a much stronger company,” Bellemare says in the financial update. “We are confident in achieving our 2020 objectives and see tremendous opportunities beyond 2020.”