Guy Hachey News
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Bombardier Inc. will forgo displaying its CSeries at the Paris Air Show in June in order to finish testing before the jetliner’s first flight the same month, Chief Executive Officer Pierre Beaudoin said.
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Bombardier Inc. hopes to decide by the end of 2011 whether to move ahead on a potential partnership with Commercial Aircraft Corp. of China on narrow-body jets, the head of the Canadian company’s aerospace unit said.
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Bombardier Inc.’s goal of a first flight in 2012 for the CSeries jet is at risk as it struggles with developing electronic cockpit controls, the planemaker’s aerospace chief said.
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Bombardier Inc. won the first contract in more than a year for its new CSeries jet, with an order for 10 aircraft from Sweden’s Braathens Leasing Ltd., and is in “advanced” negotiations with more customers.
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Bombardier Inc. said it may cut output of some regional-jet models as slowing economic growth damps demand, and the shares fell the most in a benchmark Canadian index.
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Bombardier Inc. won a conditional order valued at $1.02 billion for 15 CSeries jets, buoying a model that has struggled for orders in the narrow-body airliner market dominated by Boeing Co. and Airbus SAS.
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Bombardier Inc. still expects to deliver its brand-new CSeries narrow-body aircraft on time in 2013, even after using much of the spare time built into its schedule.
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Bombardier Inc. said some prospective buyers of its CSeries jet, aimed at the lucrative single-aisle market of Airbus SAS and Boeing Co., are still hesitant to place orders as the economy takes time to rebound.
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Bombardier Inc., which sold more small commercial planes in this year’s first two months than all of 2011, must step up the pace of orders even more to keep from cutting production a second straight year, analysts said.
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Bombardier Inc., the plane and train manufacturer with $8.13 billion in adjusted borrowings, is working to cut one of its debt ratios almost in half amid a quest to regain its investment-grade rating.
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