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Bombardier

Bombardier designs, manufactures, markets, and provides parts and maintenance for its large, long-range Global and medium-to-large Challenger aircraft families of business jets. Most of the company's revenue is generated in North America, with operations in Europe, North America, Asia-Pacific, and other markets.

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Unifor members at Bombardier continue strike after rejecting final offer, citing unresolved key union priorities; negotiations ongoing.





Unifor Members Persist With Bombardier Strike After Rejecting Final Offer

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Bombardier Announces Order for 38 Business Jets Worth $2,2B

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Bombardier Secures Order for 10 Challenger 350 Business Jets 

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Unifor, the Canadian workers&#8217; union, announced that its members at Bombardier Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BDRXF#OTC">BDRXF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BOMBF#OTC">BOMBF</a>) will persist with their strike following the business-jet manufacturer&#8217;s rejection of what it termed a final offer<a target="_blank" href="https://www.benzinga.com/markets" rel="noreferrer noopener">.</a>



&#8220;Both the union and the company will remain at the bargaining table and further updates on negotiations will be provided at the appropriate time,&#8221; <a target="_blank" href="https://www.unifor.org/news/all-news/bombardier-strike-continues-after-unifor-rejects-companys-final-offer" rel="noreferrer noopener">Unifor</a> said in a statement.&nbsp;



The union expressed caution as both parties remain apart on certain &#8220;key union priorities.&#8221;



&#8220;However, specific details of the negotiations will not be made public to protect the integrity of the bargaining process,&#8221; Unifor added.&nbsp;



Union locals 112 and 673 <a target="_blank" href="https://www.unifor.org/news/all-news/unifor-local-112-and-673-members-bombardier-strike" rel="noreferrer noopener">initiated</a> the strike at the company after negotiations failed to yield an agreement by June 22nd.



Reuters reported that the 1,350 workers from these units manufacture Bombardier&#8217;s long-range Global series aircraft at the Pearson International Airport facility in Toronto.



Yesterday, the union characterized the company&#8217;s offer as &#8220;insufficient,&#8221; noting significant differences in key union priorities, Reuters added.



Mark Masluch, a spokesperson for Bombardier, <a target="_blank" href="https://www.cbc.ca/news/business/unifor-strike-bombardier-1.7244224" rel="noreferrer noopener">told</a> CBC News that the collective goal is to &#8220;swiftly reach a mutually beneficial agreement.&#8221;



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Read Next: <a href="https://www.benzinga.com/markets/equities/24/06/39506899/tesla-china-gets-morale-boost-as-laid-off-employees-return-report" target="_blank" rel="noreferrer noopener">Tesla China Gets Morale Boost As Laid-Off Employees Return: Report</a>



Photo via Wikimedia Commons

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Bombardier Aerospace (OTC: <a class="ticker" href="/stock/bombf#OTC">BOMBF</a>) announced today it has received a firm order for 38 Bombardier business aircraft, including 28 Global business jets and 10 Challenger 605 business jets, from an undisclosed customer. The transaction is valued at approximately $2.2 billion US, based on 2013 list prices for typically equipped aircraft.Bombardier's Global jets are designed to feature superior speed, cabin volume, range and technology to offer passengers the ultimate business jet experience. The Global aircraft family uniquely covers the large, ultra long-range category with four aircraft models and addresses the increasing needs of business jet travellers and operators to rapidly link key international city pairs non-stop. The Challenger 605 wide body business jet is designed to set new standards for all-around performance and builds on the quality and reliability of its predecessor, the acclaimed Challenger 604 jet. The Challenger 605 jet is an impressive intercontinental jet that can whisk 12 passengers three crew from New York City to London non-stop.(i)About BombardierBombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles,
 
 <a href="http://www.benzinga.com/pressreleases/13/12/m4187010/bombardier-announces-significant-order-for-38-business-jets">See full press release</a>

Bombardier Aerospace (OTC: <a class="ticker" href="/stock/bombf#OTC">BOMBF</a>) announced today that it has received a firm order for 10 Challenger 350 business jets from an undisclosed customer. The transaction is valued at approximately $259 million US, based on the 2013 list price for typically equipped aircraft.About Bombardier Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation. Bombardier is headquartered in Montreal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indexes. In the fiscal year ended December 31, 2012, we posted revenues of $16.8 billion. 
 
 <a href="http://www.benzinga.com/pressreleases/13/12/m4184819/bombardier-secures-order-for-10-challenger-350-business-jets">See full press release</a>

Bombardier Aerospace (OTC: <a class="ticker" href="/stock/bombf#OTC">BOMBF</a>) announced today that it has received a firm order for 10 Challenger business jets from an undisclosed customer. The order includes five Challenger 300 jets and five Challenger 605 jets. The transaction is valued at approximately $280 million US, based on the 2013 list price for typically equipped aircraft. 
 <a href="http://www.benzinga.com/pressreleases/13/12/m4178510/bombardier-secures-orders-for-10-challenger-business-jets">See full press release</a>

Bombardier Announces  Orders for 10 Challenger Business Jets Valued at $280M

American Airlines, a wholly owned subsidiary of American Airlines Group Inc., announced today that it has signed agreements with Bombardier Inc. (OTC: <a class="ticker" href="/stock/bombf#OTC">BOMBF</a>) and Embraer S.A. (NYSE: <a class="ticker" href="/stock/erj#NYSE">ERJ</a>) to purchase 90 new 76-seat regional jets. Consistent with American's Plan of Reorganization and Merger Agreement, these aircraft will provide much improved economics for the airline&hellip;American Airlines, a wholly owned subsidiary of American Airlines Group Inc., announced today that it has signed agreements with Bombardier Inc. and Embraer S.A. to purchase 90 new 76-seat regional jets. Consistent with American's Plan of Reorganization and Merger Agreement, these aircraft will provide much improved economics for the airline as they will replace smaller, less efficient 50-seat regional aircraft scheduled for retirement.&nbsp;&nbsp;

 <a href="http://www.benzinga.com/pressreleases/13/12/n4150135/american-airlines-announces-large-regional-jet-purchase">See full press release</a>

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American Airlines Announces Large Regional Jet Purchase with Bombardier, Embraer

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