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Discussione: Bombardier CSeries: a che punto siamo?

  1. #326
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    http://www.rsi.ch/news/svizzera/Swis...-7765739.html#

    Swiss, rientrano due aerei
    I velivoli della compagnia elvetica hanno fatto ritorno a Zurigo per due distinti problemi tecnici

    Un Airbus A330 della compagnia Swiss con 233 passeggeri a bordo, decollato lunedì sera alle 17.45 da Zurigo alla volta di New York, ha dovuto fare ritorno all'aeroporto di partenza a causa di un problema a un propulsore. Mentre il velivolo stava volando sopra l'Irlanda, il personale di cabina ha notato un consumo eccessivo di olio in uno dai reattori. Per motivi di sicurezza, il pilota ha deciso invertire la marcia e fare ritorno all'aeroporto di Zurigo.

    L'Airbus è atterrato a Kloten (ZH) alle 22.15. Dai controlli effettuati non sono emerse perdite di olio dal reattore. Né i passeggeri né i membri dell’equipaggio hanno subito conseguenze negative.

    Un secondo inconveniente tecnico, in questo caso all’impianto di aerazione, ha costretto il nuovo Bombardier CS100 della compagnia nazionale a rientrare a Kloten, martedì in mattinata mentre era in volo verso Manchester. Pure in questo secondo evento non ci sono stati problemi per i 65 passeggeri a bordo né per i membri dell’equipaggio.

    ATS/Swing
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    Altri 490 milioni di perdita nel Q2...



    Canada's Bombardier Reports Bigger-Than-Expected Loss

    Reuters.com/TheGlobeandMail.com
    Posted: 08.05.16
    Canadian plane and train maker Bombardier Inc reported a slightly bigger-than-expected quarterly loss as it delivered fewer business jets and margins were negative in its commercial aircraft division, which includes CSeries jets.

    Revenue in the company's business jets division declined nearly 19 percent in the second quarter. The business, a key source of cash flow for Bombardier, accounted for more than a third of total revenue.

    Revenue from its commercial jets business rose more than a quarter, but margins weakened further as the company spends heavily on its CSeries aircraft program.

    In February, Bombardier received an order from Air Canada for its CSeries jets, the first contract for the aircraft in nearly a year and a half.

    The Canadian company's free cash flow usage dropped to $490 million in the quarter from $808 million a year earlier. Bombardier had $3.34 billion in cash and equivalents at the end of June.

    Bombardier, which has secured $1 billion investment for the program from the Quebec government, is in talks with Canada's federal government for further investment.

    However, Brazil's Embraer SA, whose E-Jets compete with CSeries aircraft, has threatened to challenge the state funding, saying that any such investment will give Bombardier an unfair competitive advantage.

    Embraer said last week that it expected to sell 10 less executive jets this year than previously estimated as demand weakens globally and competition intensifies.

    Bombardier reported a net loss of $490 million, or 24 cents per share for the quarter ended June 30. A year earlier, it had a profit of $125 million, or 6 cents per share.

    Excluding items, the company reported a loss of 6 cents, bigger than the 5 cents analysts on average had expected, according to Thomson Reuters I/B/E/S.

    Revenue fell 6.7 percent to $4.31 billion.

    Chief executive Alain Bellemare is mounting a five-year turnaround plan for the company that has included resetting business jet production to better match demand and shoring up liquidity with investments from the Quebec government and pension fund Caisse de dépôt et placement du Québec. The goal is to rebuild earnings and cash flow by selling newly developed C Series airliners and Global 7000 luxury jets and start reducing debt by 2019.

    It won’t be an easy path.

    Demand for corporate aircraft like the Globals and Challengers Bombardier sells is sputtering and because the planes represent the company’s most profitable products, that will hurt the balance sheet. Bombardier said it delivered 42 business jets in the second quarter, down from 47 the year before, and booked 30 new orders.

    “We have not seen or heard much to make us more optimistic” on luxury aircraft sales, J.P. Morgan analyst Seth Seifman said in his monthly review of business jets for July. He expects Bombardier to cut production of the aircraft by a further 10 per cent in 2017.

    The C Series, Bombardier’s largest ever plane with maximum seating for 160 people, also represents a challenge in the years ahead. Although the jet is gaining traction in the marketplace with key customers like Delta, more orders at higher transaction prices per plane are needed for the company to begin seeing a return from its investment.

    The aircraft entered commercial service last month with Swiss, some two and a half years after its original schedule. The total projected cost for the program has ballooned out to $5.4-billion.

    The fundamental question for the program is: How much value will customers attach to the many innovations the airplane brings, ICF International aerospace industry consultant Kevin Michaels wrote in a recent opinion piece on the C Series. Among those innovations are an aluminum-lithium fuselage, which is lighter than conventional aluminum and better resists corrosion.

    “Bombardier needs to pivot from strategic to sustainable pricing sooner rather than later,” Mr. Michaels said. “Its financial health is much improved under Alain Bellemare’s leadership and with government investment, but it is not out of the woods – particularly with intense competition and a softening business jet market.”

    Bombardier said it had $4.9-billion in liquidity available as of June 30. It said it remained on track to meet previous full-year guidance of between $16.5-billion and $17.5-billion in revenue and earnings before interest and taxes of between $200-million and $400-million. It expects to use up between $1-billion and $1.3-billion in cash this year.

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    http://airnation.net/2016/08/25/bomb...5q8eLA.twitter

    Bombardier Inc’s CSeries showing ‘much higher’ reliability than competitors, Swiss Air Lines says

    August 25, 2016 by AirnationCrew Leave a Comment

    The first airline to fly Bombardier Inc.’s CSeries says the jetliner has been significantly more reliable in its first month of operation than other aircraft built by its competitors.

    An aircraft’s dependability is often measured by its dispatch reliability, or the percentage of flights that depart on time. Swiss International Air Lines Ltd., which offered the first-ever CSeries commercial flight on July 15, said the aircraft is performing better than some Boeing Co. and Airbus Group SE jets did during their first few weeks in operation.

    “The dispatch reliability of the first aircraft has already reached a high value, much higher than in comparison with the dispatch reliability of other new aircraft types during phase-in,” Swiss spokeswoman Karin Muller said in an email, pointing specifically to Airbus’s A380 and A320neo and Boeing’s 787.

    She added that the CSeries’ dispatch reliability has not yet reached the desired level of 99 per cent, but Swiss won’t release more detailed numbers until at least five aircraft have been in operation for at least three months.

    Swiss now has two CS100 aircraft in operation after the second one entered service last week. The airline has placed a firm order for 15 CS100s and 15 of the larger-variety CS300s.

    The CSeries experienced some minor glitches in its first week of operation. The very first flight, from Zurich to Paris, was delayed by an hour when airport ramp staff disconnected a ground power cable too soon, forcing a power restart.

    Four days later, a flight from Zurich to Manchester, U.K., turned back after the plane experienced a problem with its air-conditioning system.

    Muller described these as “small technical and operational issues” that didn’t hurt the phase-in process.

    “With our daily experience and the support by Bombardier on-site, these issues and insecurities regarding the handling have already noticeably decreased,” she said.

    The feedback from our pilots is gratifying. They especially like the intuitive flying experience. Swiss has also experienced some minor cabin design issues that it is addressing with Bombardier and which may delay delivery of the next aircraft by “a few weeks,” but overall the experience has been encouraging, Muller added.

    “The customer feedback is very positive with the expected remarks concerning the bright cabin, reduced noise, enough leg room and space for hand luggage as well as the comfortable seats,” she said. “Also the feedback from our pilots is gratifying. They especially like the intuitive flying experience.”

    Earlier this month, Bombardier CEO Alain Bellemare described the feedback from Swiss and its passengers as “outstanding.”

    The positive reception has been a relief for the company, which had struggled with delays, cost overruns and serious doubts about demand for the aircraft. Recent orders from Air Canada and Delta Air Lines Inc. have helped to ease those concerns.

    The larger CS300 version of the jetliner was certified by Transport Canada in July and is expected to enter service with Air Baltic Corp. by the end of the year.

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    Bombardier Slashes 2016 C Series Delivery Forecast

    TheGlobeandMail.com
    Posted: 09.06.16

    Bombardier Inc. is scaling back its delivery forecast for its new C Series planes to 7 from 15 for the year as a result of engine-delivery delays by supplier Pratt & Whitney.

    As a result of the halving of its delivery forecast for the C Series, Montreal-based Bombardier said it now anticipates being closer to the lower end of its $16.5-billion to $17.5-billion (U.S.) revenue guidance range for the year.

    The free cash flow use guidance range has been adjusted to between $1.15-billion and $1.45-billion from $1-billion to $1.3-billion.

    No reasons were provided for the engine delivery delay.

    “The C Series engine is performing very well in service. We are working very closely with Pratt & Whitney to quickly address this supplier ramp-up issue and to ensure we have a strong supplier base to support our long-term growth objectives,” Bombardier Commercial Aircraft president Fred Cromer said.

    Bombardier said it has more than 300 firm orders and up to 800 orders including options and commitments for the C Series jetliner.

    The company also said on Tuesday it expects to end the year with a “strong liquidity position and remains on track to achieve both its 2018 cash flow neutral goal and its 2020 turn-around plan objectives.”

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    Bombardier Declines on Outlook for C Series and Business Jets

    Bloomberg.com
    Posted: 09.20.16

    Bombardier Inc. dropped to a five-month low on anxiety over cutbacks in the business-plane unit and additional delays to the production ramp-up of the C Series jetliner.

    “Investors are concerned about another potential production cut in 2017, particularly for the Global 5000/6000 models, which carry the highest margins in Bombardier’s business-jet portfolio,” Konark Gupta, a Macquarie Capital Markets analyst, said in a note to clients.

    The possibility that the Global 7000 could enter service later than planned also weighed on the stock. The Montreal-based planemaker has said that deliveries of the business jet would begin in 2018.

    A supplier has been struggling with “the wing of the 7000, which will be a profitable product,” said Cai Von Rumohr, a Cowen & Co. analyst. “The target is to start delivering it in 2018, and that could be an issue.”

    Shareholders also are worried about potential slippage in planned deliveries of the C Series, Gupta said. Pratt & Whitney on Friday cut the 2016 target for shipments of its new geared-turbofan engine, which the C Series uses, as it grapples with production issues. Bombardier previously slashed the delivery forecast for C Series aircraft to seven this year from 15, citing delays in receiving turbines from the United Technologies Corp. unit.

    Bombardier’s widely traded Class B stock tumbled 5.1 percent to C$1.66 at 2:57 p.m. in Toronto. The shares earlier touched C$1.61, their lowest level since April 19. Bombardier fell Friday and Monday.

    Mike Nadolski, a Bombardier spokesman, didn’t immediately respond to a request for comment.

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    The European Aviation Safety Agency (EASA) has awarded type validation to the Bombardier C Series CS300, the Canadian manufacturer announced Friday. The approval comes less than three months after Transport Canada certified Bombardier’s largest airplane and nine months after the Canadian authority granted certification for the smaller CS100. The CS100 entered service with Swiss International Airlines in mid-July. CS300 launch operator Air Baltic of Latvia plans to take its first C Series jet in the fourth quarter.

    “EASA's approval of our CS300 aircraft, as per schedule, recognizes the significant contribution of our highly skilled engineers and technical experts in the development and testing of the best-in-class C Series aircraft,” said François Caza, Bombardier vice president for product development and chief engineer and head of the company’s design approval organization. “We fully expect that the CS300 aircraft's upcoming delivery and entry-into-service with Air Baltic will be as successful as for the CS100 aircraft with Swiss.”

    Late last month Bombardier and Air Baltic began route-proving flights with the second CS300 flight-test vehicle, taking the airplane from the airline’s Riga hub to destinations such Vilnius, Lithuania and Tallinn, Estonia, as well as Abu Dhabi in the United Arab Emirates to simulate revenue operations.

    Holding an order for 20 CS300s, Air Baltic plans to gradually move to an all-Bombardier fleet, which now includes 12 Q400 turboprops.

    http://www.ainonline.com/aviation-ne...-wins-easa-nod
    Moratti 22/02/09:"Se si limita Linate, Milano sarebbe scollegata dal resto dell'Italia, è Alitalia che vuole ridurre Linate a Milano-Roma, ma per carità, ma non possiamo, gli altri da dove vengono? con cosa vengono? con i pattini? non so!"

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    Bombardier to Cut 7,500 Jobs Through 2018

    Reuters.com
    Posted: 10.21.16
    Canadian plane and train maker Bombardier will shed jobs for the second time this year, cutting about 10 percent of its global workforce over two years as it deepens turnaround efforts at its rail division.

    The Montreal-based company, which has struggled in recent years with cost overruns in its aerospace unit, said on Friday it will cut about 7,500 jobs globally with about two-thirds of those in Bombardier Transportation. The rest of the cuts will be made in the aerospace division.

    It said restructuring charges of $225 million to $275 million will be accrued as special items, beginning in the fourth quarter and through 2017.

    "We understand these are difficult decisions ... but in the end what we are going to be left with is a leaner, stronger organization," Bombardier Chief Executive Alain Bellemare said in an interview adding the moves were part of a broad turnaround plan, aimed at improving operations amid cost and productivity concerns.

    Bombardier said it expects recurring savings of about $300 million by the end of 2018.

    In February, the company cut 10 percent of its workforce, also over two years, and with nearly half of the cuts in its rail arm, which has a large workforce in Europe.

    ... Bellemare said he did not expect the job cuts, which include 2,000 workers in Canada including 1,500 in Quebec, would impact the company's separate talks with the federal government over a $1 billion investment in the CSeries.

    Ottawa is under pressure from the Quebec government, which last year invested $1 billion in the CSeries program for a nearly 50 percent stake in the project, to match that investment.

    To see Bombardier news release, go to:
    http://www.marketwired.com/press-rel....a-2168724.htm

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    CS300 and CS100 awarded common type rating

    The European Aviation Safety Agency (EASA) and Transport Canada have awarded both variants of the Bombardier CSeries a common type rating.
    The rating reflects high commonality between the CS100 and CS300, and will provide operators with significant
    cost savings, says Bombardier.
    There will also be minimal training to transition pilots from one aircraft model to the other. Six Air Baltic pilots have since completed their differences training and are now qualified to fly the CS300.
    Commonality between the two variants also extends to spare parts, maintenance procedures and ground handling, it adds. This is since both jets feature over 99% parts commonality, with only the centre section being longer on the larger CS300.
    The CS300 is expected to enter into service with the Latvian carrier later this year. Air Baltic has 20 CS300s on order.

    https://www.flightglobal.com/news/ar...rating-431777/

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    Bombardier ha appena consegnato il primo CS300 ad Air Baltic; il prossimo 14 dicembre vi sarà il primo revenue flight con la compagnia lettone, da Riga ad Amsterdam.

    In questo momento si sta tenendo una cerimonia a Montreal con dipendenti Bombardier, personale Air Baltic e stampa:



    Altre foto sul profilo Twitter di Bombardier: https://twitter.com/BBD_Aircraft

    DaV

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    Predefinito Re: News Bombardier CSeries

    Bello che è. Mi è sempre piaciuto. Bella anche la rivisitazione della livrea BT. Peccato l'argento sparito dai motori.

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    Secondo Bombardier i CSeries sembra performino meglio del previsto.

    Bombardier: CSeries aircraft performing better than expected

    Bombardier said it will increase the formal specifications for the CSeries CS300, as the aircraft’s per seat and trip costs have already proven 2% better than its original brochure values.
    “Within six months we’ve got a two-member family into revenue service. That’s never been done before,” Bombardier president commercial aircraft Fred Cromer said last week at the CS300’s unveiling with Latvian launch customer airBaltic.
    Bombardier VP-CSeries aircraft program Robert Dewar said it has been a “long and challenging” process, but both the CS100 and CS300 are performing above their original specifications. The Canadian manufacturer has already revised the book values for the CS100 and is now planning to do the same for the larger CS300.
    “The range [of the CS300] will be increased. It is approximately 2% better than we currently have in the operating manuals,” Dewar said. “Against anything published today in a brochure, it will be an approximate 2% improvement on those [per seat and trip cost] numbers.”
    Despite already exceeding expectations, Cromer said Bombardier is still seeking further efficiencies. “At this stage, manufacturers are typically trying to get weight out to meet their performance and fuel burn targets. The CSeries is unique in that it meets and exceeds specifications at entry into service. But we are not going to sit back and rest upon the performance of the aircraft today; we think there is potential to have even better performance. The potential is phenomenal as we continue to get more experience of the aircraft in operation.”
    Bombardier is also seeking production efficiencies, as it ramps up from seven CSeries deliveries in 2016 to 30-35 aircraft in 2017. The program has been partly delayed by engine supply issues, but Dewar is optimistic the revised schedule will still be met.
    “We have a plan to achieve that [delivery] target and we have all the confidence in the world that Pratt & Whitney will do it. It is a supply issue, not a technical problem,” he said.
    When quizzed on the start issues experienced on the geared turbofan (GTF) engine, executives said that is “behind us.” The CSeries went through its engine testing earlier than the Airbus A320neo and the executives said the CSeries’ 90-second start time is in line with the rest of the industry.
    The team was also asked about whether a larger CSeries could be in the pipeline. Cromer confirmed Bombardier is always “thinking of options,” but added “our focus now is the CS100 and CS300. Let’s not get ahead of ourselves.”
    Likewise, the manufacturer has no plans to revisit the idea of a larger Q400 turboprop variant at this time. “We will see how the market evolves, but we are pretty happy with the Q400 as it stands today,” Cromer said.
    With the CS100 and CS300 entry into service, Cromer said Bombardier is getting more interest in the aircraft. The next customer to go live will be Korean Air, which is scheduled to receive its first CSeries in mid-2017.
    http://atwonline.com/manufacturers/b...etter-expected

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    Simpatico video promozionale di BT per il nuovo arrivato: https://youtu.be/3DfX_auflQ4

  13. #338
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    Quote Originariamente inviato da venexiano Visualizza il messaggio
    Simpatico video promozionale di BT per il nuovo arrivato: https://youtu.be/3DfX_auflQ4
    Molto carino.Roma Radar
    cl

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    Intanto oggi giornata di test per Swiss a FLR.

    Clicca sull'immagine per ingrandirla. 

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    Bombardier faces public backlash over executive pay raises


    aerotime.aero
    Bombardier is facing public anger over the significant pay raise provided to top-level executives, which coincided with layoffs affecting thousands of the company’s workers worldwide. The total pay of Canadian aircraft and train manufacturer’s top 5 executives and CEO rose to $32.7 million in 2016, compared to $21.9 million in 2015, according to a proxy circular distributed prior to the company’s annual meeting scheduled for the 11th of May, as reported by Reuters.
    Last year, the plane maker had announced two series of layoffs directly affecting more than 14,000 people around the globe.
    Canada’s Economy Minister Dominique Anglade advised the company to reflect on the backlash it received from the public after a social media storm caused by the pay raises.
    Bombardier spokesperson Simon Letendre commented that higher renumeration is directly linked to the management’s success in achieving corporate targets for 2016, with the raises for the most part being dependent on performance and share prices.
    “We respect the free market and choices companies will make,” Canada’s PM Justin Trudeau spoke publicly in Brampton, Ontario, commenting on the issue. “We also have a responsibility to ensure the investments we make with taxpayers’ dollars are leading to good jobs and growth.”
    Bombardier which was on the brink of bankruptcy in 2015 received a $1 billion investment from the Quebec government in its CSeries aircraft. A loan package of $279 million for Bombardier's CSeries and Global 7000 aircraft programs was announced by the Canadian government in February.

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    FG
    CS100 earns steep approach approval at London City

    Swiss is cleared to operate a steep approach into London City airport with Bombardier CS100 jets after the manufacturer received Transport Canada and European Aviation Safety Agency approvals on 26 April.

    The CS100 will replace Swiss' fleet of BAE Systems 146 regional jets operating to London City from Geneva and Zurich, becoming one of the largest aircraft behind the Airbus A318 to operate in the heavily restricted approach path to the urban centre runway.

    The London airport requires aircraft to descend at an approach angle of 5.5 degrees, or nearly twice as steep as a normal glideslope to land for a passenger-carrying transport.

    Bombardier tweaked the CS100 flight controls, engine and de-icing system to enable the steep approach certification.

    The first step requires the crew to select the London City approach option in the flight management system, says Chuck Ellis, Bombardier's chief test pilot. As the approach begins, the aircraft's fly-by-wire controls automatically raise a couple of the spoiler panels, increasing the drag.

    The engine is commanded to run a lower idle setting than normal during the approach. Finally, the environmental control system is programmed to deliver more bleed-air from the engine to the de-icing system on the leading edge of the wings, Ellis says.

    Aural and visual alerts on the head-up and flight displays also help the aircrew navigate the steep approach in any weather, he says.

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    Boeing ha firmato una petizione contro Bombardier accusandoli di fare "dumping" per guadagnarsi market share negli Stati Uniti e vendendo i CSeries in perdita a meno di $20M l'uno quando solo i costi di produzione sarebbero gia quasi il doppio ($33M).

    Boeing petition accuses Bombardier of dumping jets

    Boeing has filed a legal petition in the United States accusing Bombardier of dumping Cseries aircraft, alleging that the Canadian firm has sold the jet at major loss to build market share.


    The petition was filed with the U.S. Department of Commerce and the U.S. International Trade Commission, says Boeing in a statement.
    “Bombardier has embarked on an aggressive campaign to sell CSeries aircraft into the U.S. market at absurdly low prices – less than $20 million for airplanes that cost $33 million to produce, based on publicly available information," says Boeing.

    "Notably, it is selling the aircraft into the United States at prices that are millions lower than those charged in Canada – the very definition of dumping."
    It maintains that this represents a threat to Boeing and its supply chain, especially as the Canadian firm boosts production.

    “Substantial government subsidies have enabled Bombardier’s predatory pricing of the CSeries, which competes directly with American-made 737-700 and 737 MAX 7 airplanes," says Boeing.

    "The CSeries has received extensive government support totaling more than $3 billion so far. Bombardier launched the program in 2005 with hundreds of millions of dollars from the Canadian, Quebec and UK governments, and it has received additional government support every step of the way, including $2.5 billion in 2015 from the Government of Quebec."

    Bombardier was quick to issue a statement defending itself, and highlighting its credentials in the U.S. economy.
    "Bombardier structures its commercial dealings to ensure compliance with the laws and regulations of the jurisdictions in which we operate, including those issues raised by Boeing," says the Canadian company.

    "Bombardier is deeply invested in the U.S. economy, with about 7,000 employees in dozens of facilities in both rail and aerospace across 17 states. Bombardier spends about $3 billion annually with U.S. suppliers across 48 states, generating U.S. jobs."

    Boeing's petition follows Brazil's move in late 2016 to open a World Trade Organisation case against Canada over claims of improper financial assistance to Bombardier.

    Brazil’s appeal to the WTO came 20 years after Canada launched a trade war with Brazil over subsidies to Embraer. Brazil counter-sued over subsidies by Canada to Bombardier and the case dragged on for five years. Ultimately, the WTO found that both companies had received improper subsidies.
    https://www.flightglobal.com/news/ar...g-jets-436678/

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    Global 7000 jet’s wing supplier contemplates insolvency

    By Jerry Siebenmark*jsiebenmark@ wichitaeagle.com*

    The supplier of the wing to Bombardier Business Aircraft’s new Global 7000 business jet is thinking about insolvency, which could be a setback for the parent of Wichita’s Learjet.
    On Friday, Pennsylvania-based Triumph Group filed with the Securities and Exchange Commission an amended credit agreement that “also provides the Company’s Vought Aircraft Division … with the option, if necessary, to commence voluntary insolvency proceedings within 90 days of the Eighth Amendment Effective Date,” Triumph said in the filing.
    In Wichita, Triumph employs 225 people. Triumph also has a 115-employee operation in Wellington and a 120-employee operation in Edgerton, in the Kansas City metro area.
    According to the company’s website, its Vought division facilities are in California, Florida, Georgia, Oklahoma, Tennessee and Texas.
    A Triumph Group spokeswoman on Monday emphasized that voluntary insolvency is one option for Vought.
    “It is important to understand that this is just one of several possibilities under consideration and no decisions have been made at this time,” Michele Long, Triumph Groupdirector of corporate communications, said in an e-mail to The Eagle.
    According to the filing, the amended credit agreement separates the Vought division – also known as Triumph Aerostructures LLC – from being a “Subsidiary Co-Borrower” to Triumph. In other words, it wouldn’t have access to the loans Triumph Group receives.
    Triumph said in the filing the move is intended to “provide the Vought entities with greater financial flexibility to address their significant cash utilization relative to certain contracts.”
    Triumph Group has been struggling with costs and cash flow and, for more than a year, has undergone restructuring to get them under control.
    ‘Negotiating tactic?’
    On Monday, analysts said in notes to investors that they think higher costs to manufacture the Global 7000 wing are partly the reason for the changes to Triumph’s credit agreement.
    Seth Seifman of J.P. Morgan noted the lawsuit Triumph brought against Bombardier early this year for failing to pay “certain non-recurring expenses” during the Global 7000’s development. He estimated Triumph’s spending on development of the 7000’s wing so far at about $600 million.
    “We believe TGI needs a settlement with Bombardier that recognizes the higher recurring cost of the wing so that Triumph has the potential to earn an acceptable return on the program from here,” Seifman wrote in an investor note on Monday.
    “Triumph’s contemplation of insolvency in Aerostructures may therefore be a negotiating tactic on some level but it is not one that we believe management would undertake lightly or wholly unnecessarily.”
    Bombardier has two Global 7000s in flight test in Wichita. It plans to begin deliveries of them in 2018.
    It is one of two key aircraft programs for the company – the other being its C Series commercial passenger jet – that has struggled with its own cash flow problems in the recent past. The Global 7000 is Bombardier’s biggest and longest-range business jet.
    Business aviation forecaster Rolland Vincent said it’s not just Bombardier that stands to be affected should Vought become insolvent. It also is a supplier to other aircraft manufacturers including Boeing and Gulfstream.
    “(It’s) not completely unexpected as this part of Triumph’s business has been struggling to ‘right the ship’ and get back to stronger profitability,” Vincent said. “They have had several underperforming contracts.”
    But Vincent said the suggestion of insolvency is likely more than “simply a strong-armed negotiating tactic by Triumph with regards to Bombardier.”
    “They need relief, especially on the Bombardier Global 7000 program, both for now sunk costs and on the recurring costs of the contract going forward,” he said.
    “This will drag on for quite some time … (and) does nothing to reassure existing and prospective customers that the Global 7000 program will remain on track for late 2018 entry-in-service.”
    A Bombardier Business Aircraft spokesman said the company continues to negotiate with Triumph.

    http://www.kansas.com/news/business/...149255024.html

  19. #344
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    Predefinito Re: Bombardier CSeries: a che punto siamo?

    Entusiasmo a manetta in Swiss per questo aereo...

    Encore retardée, la livraison du CS300 de Bombardier coûte cher à Swiss

    rts.ch | Modifié hier à 22:42
    *
    "Difficile de donner un chiffre, mais on n'a pas fait les économies qu'on souhaitait faire, sur le carburant principalement", a déclaré lundi à TTC Lorenzo Stoll, directeur de Swiss Suisse romande.
    En cause, un retard cumulé de 2 ans sur la livraison de 30 nouveaux modèles du constructeur canadien Bombardier, à savoir vingt CS300 de 145 places et dix CS100 de 125 places.
    Ces avions permettent de diminuer de 25% la consommation de kérosène, de 20% le rejet de CO2 et de réduire le bruit de 10 à 15 décibels. Avec d'autres baisses de taxes, Swiss compte économiser au total 20% des coûts.
    L'assemblage de la cabine en cause
    Si sept CS100 ont déjà pu être livrés, le premier CS300 n'arrivera que le mois prochain, alors qu'il aurait dû atterrir à Genève cette semaine.
    "L'essentiel du retard provient de l'assemblage de la cabine, nouvelle par rapport au CS100. Il faut s'assurer que ça s'assemble correctement", explique Sébastien Mullot, directeur des CSeries chez Bombardier.
    Reportage: Aline Inhofer / Texte web: Victorien Kissling

    https://www.rts.ch/info/suisse/86043...r-a-swiss.html

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    Global 7000 Execution, Triumph Resolution Key for Bombardier

    AviationWeek.com
    BY MICHAEL BRUNO
    Posted: 05.11.17

    Expansion in Bombardier’s business aircraft business and significantly improved year-over-year cash performance have the Canadian aircraft manufacturer starting off the year on a good note.

    But analysts warn that execution on the Global 7000 and resolving supplier issues are key for its continued recovery.

    Noting that 7000-wing-provider Triumph Group warned last week of possible insolvency at its Vought Aircraft aerostructures division, analysts highlighted possible risks May 11 after Bombardier reported financial results for the first quarter of 2017. With more than 115 orders into 2021, the Global 7000 is responsible for more than 50% of Bombardier’s $15.2 billion bizjet backlog.

    “There are some questions surrounding the Global 7000 wing supplier, Triumph Group,” National Bank of Canada analysts said. The Triumph declaration introduces “some risk,” although Bombardier has the wings for the next two test aircraft and also for several early production planes.

    Cowen and Co. analysts further said “it’s unclear if the ‘enhanced’ Triumph-produced wing is meeting all specs.” But Vought’s insolvency could impact achieving Global 7000 entry into service in the second half of 2018, and thereby 2018-19 cash flow, they said.

    In a late May 5 filing with federal securities regulators, Triumph—which has been undergoing a hoped-for turnaround plan—said that as part of a new credit deal with funder PNC Bank there was an option to begin voluntary insolvency proceedings for its vaunted Vought entities. Proceedings could begin within 90 days of the May 1 credit deal, formally titled the Eighth Amendment to the Third Amended and Restated Credit Agreement.

    The Triumph revelation was not the only proverbial cloud hanging over Bombardier’s quarterly report. Bombardier announced that Pierre Beaudoin will give up the role as executive chairman and become a non-executive chair. The move is effective June 30.

    “This change reflects the very successful transition of Bombardier’s executive leadership to [CEO and President] Alain [Bellemare] over the past two years,” Beaudoin said. “As chairman, I look forward to working with the board of directors to provide continuing support to Alain and the leadership team. The company is firmly on the right path, with a very strong leadership team now in place to execute its turnaround plan and return Bombardier to long-term, sustainable growth.”

    Beaudoin’s abdication came after a public uproar following controversial executive pay raises despite a government infusion of cash and job cuts at Bombardier in recent years. The former CEO is the son of Bombardier’s founder, and the Beaudoin family retained control of the company via a dual-class share structure. Still, many shareholder groups have been calling for an independent chairman, and it remains to be seen whether this moves satiates them.

    Nevertheless, Bombardier’s latest financial results underpin the company’s restructuring, analysts and executives said. The company reported quarterly revenue of $3.6 billion and pretax earnings—before unique costs—of $128 million. Pretax profit margins excluding special items grew to 8% at the company’s Transportation unit, 7.6% at Business Aircraft and 7.5% at Aerostructures, while Commercial Aircraft recorded a pretax loss “in line” with the same period a year ago. Free cash flow usage improved by $157 million to $593 million for the quarter.

    Said Cowen, “Another on-track quarter supports Bombardier’s potential for [pretax earnings] ramp by 2020 and speculative upside to the stock

  21. #346
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    Intanto anche la cinese Comac e' stata accostata ad un interesse ad investire (leggasi aiutare) in Bombardier.

    Chinese group in talks to aid struggling jet maker Bombardier
    State-owned Comac could invest in Canadian group’s commercial aerospace arm

    https://www.ft.com/content/0003ce56-...a-6027b8a20f23

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    U.S. to Investigate Bombardier C Series Sale to Delta Air Lines; Canada Warns It May Cancel US Jet Buy over Bombardier Probe
    AINonline.com/The Associated Press
    Posted: 05.18.17

    The U.S. Commerce Department on Thursday said it planned to launch new antidumping and countervailing duty investigations into Bombardier's sale of 75 CS100 narrowbodies to Delta Air Lines. The announcement comes as the U.S. International Trade Commission (ITC) launches its own investigation into the matter in response to an April 27 complaint from Boeing that Bombardier sold each airplane for some $13.8 million than they cost to manufacture.

    Also, Canada's government warned Thursday it could cancel a planned US$2 billion purchase of 18 Super Hornet fighter jets from Boeing Co. because of U.S. Department of Commerce anti-dumping investigations against Canadian plane maker Bombardier.

    … The threat comes amid increasing trade disputes between Canada and the U.S. and on the same day the Trump administration formally told Congress that it intends to renegotiate the North American Free Trade Agreement. …

  23. #348
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    Predefinito Re: Bombardier CSeries: a che punto siamo?

    Bombardier Delivers the First CS300 Aircraft to C Series launch Operator SWISS

    May 26, 2017MontréalCommercial Aircraft, Press Release






    • SWISS becomes the first airline to integrate both C Series aircraft models to its fleet
    • CS300 aircraft to be operated from Geneva, Switzerland

    Bombardier Commercial Aircraft announced today that Swiss International Air Lines (SWISS) took delivery of its first CS300 aircraft at Bombardier’s facility in Mirabel, Canada, where the C Series aircraft are manufactured. When the aircraft enters commercial service in a few days, SWISS will become the first airline to operate both C Series aircraft models. SWISS will dedicate this new aircraft to the French-speaking part of Western Switzerland as the airline will operate this CS300 aircraft from Geneva.
    “We are very proud to deliver SWISS’s first CS300 aircraft today. SWISS is known for its leading-edge technical and operational excellence and has been a wonderful partner for the C Series aircraft program. The SWISS family has been part of the C Series journey from the beginning and we thank the airline for its continuous support,” said Fred Cromer, President of Bombardier Commercial Aircraft. “This new delivery is a demonstration of Bombardier’s commitment to deliver revolutionary and high-performing aircraft and help connecting communities with the best flying experience in the world!”
    “The C Series aircraft program continues getting strong momentum with its successful entry into service with SWISS and today, the launch airline becomes the first one to take delivery of both the CS100 and the CS300 models,” said Rob Dewar, Vice President, C Series Aircraft Program, Bombardier Commercial Aircraft. “The C Series airliners demonstrate robust in-service performance to date and we are confident that SWISS will also benefit from a smooth entry-into-service with the CS300 aircraft.”
    “We are delighted that, having successfully integrated the first Bombardier CS100s into our fleet from mid-2016 onwards, we can now welcome our first CS300,” says Thomas Klühr, SWISS’s Chief Executive Officer. “With its 20 additional seats, this second model in the C Series family ideally complements our current aircraft fleet, and gives us an optimal equipment mix for our European short- and medium-haul services. Our first CS300 will be initially stationed in Geneva, where its superior comfort credentials will be excellently suited to this premium travel market,” Klühr continues. “In fact, our entire Geneva-based fleet will soon consist solely of Bombardier C Series aircraft.”
    SWISS’ first CS300 aircraft is scheduled to enter service on June 1st, 2017 with its maiden commercial flight taking passengers from Geneva to Heathrow. SWISS will take delivery of a total of 30 CS100 and CS300 aircraft.
    Twelve C Series aircraft have been delivered by Bombardier so far, nine of which have been delivered to SWISS. Three CS300 aircraft are currently in operations with airBaltic.
    The C Series aircraft is manufactured by the C Series Aircraft Limited Partnership, an affiliate of the Bombardier Commercial Aircraft segment of Bombardier Inc.

    http://commercialaircraft.bombardier...ardiercom.html

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