Se Bombardier ha perso 4,9 miliardi di dollari nel terzo trimestre (anche togliendo 1,2 miliardi per il Laerjet 85), un miliardo non basta neanche per un mese.
Bombardier CSeries: a che punto siamo?
- Autore Discussione pieterde
- Data d'inizio
- Stato
Here’s an idea for Bombardier: Let it fail:
http://www.macleans.ca/economy/economicanalysis/heres-an-idea-for-bombardier-let-it-fail/
http://www.macleans.ca/economy/economicanalysis/heres-an-idea-for-bombardier-let-it-fail/
Dì a papà de mandarci li soldi subbito che qua stamo con le pezze ar culo...
Bombardier Presses Ottawa for $1-Billion in Aid for C Series
TheGlobeandMail.com (Toronto newspaper)
Posted: 11.30.15
Bombardier Inc. is pressing the Canadian government for $1-billion (U.S.) in aid as the aircraft maker works to further bolster prospects for its new C Series plane after securing deals with Quebec and the province’s big pension fund manager, according to a well-placed source.
Alain Bellemare, Bombardier’s chief executive, met with federal Economic Development Minister Navdeep Bains on Nov. 18 about the assistance.
The company is aiming for backing from the federal government for its new C Series airliner specifically, as a way to show prospective buyers the company and its flagship product are here to stay.
It has asked officials that its request be handled with some urgency.
Senior leaders at Bombardier believe such aid would be immensely powerful, sources say. It would send a signal to the market that Canada will stand behind the company, which carries weight beyond the support it has already won from Quebec. And it would reaffirm that the country is committed to playing in the aerospace big league, with the risk and reward that entails. …
Bombardier Presses Ottawa for $1-Billion in Aid for C Series
TheGlobeandMail.com (Toronto newspaper)
Posted: 11.30.15
Bombardier Inc. is pressing the Canadian government for $1-billion (U.S.) in aid as the aircraft maker works to further bolster prospects for its new C Series plane after securing deals with Quebec and the province’s big pension fund manager, according to a well-placed source.
Alain Bellemare, Bombardier’s chief executive, met with federal Economic Development Minister Navdeep Bains on Nov. 18 about the assistance.
The company is aiming for backing from the federal government for its new C Series airliner specifically, as a way to show prospective buyers the company and its flagship product are here to stay.
It has asked officials that its request be handled with some urgency.
Senior leaders at Bombardier believe such aid would be immensely powerful, sources say. It would send a signal to the market that Canada will stand behind the company, which carries weight beyond the support it has already won from Quebec. And it would reaffirm that the country is committed to playing in the aerospace big league, with the risk and reward that entails. …
Di solito 1 miliardo di dollari costituiscono un aiuto immensely powerful per parecchia gente.
Certificato il CS-100:
http://www.ainonline.com/aviation-n...-c-series-wins-transport-canada-certification
http://www.ainonline.com/aviation-n...-c-series-wins-transport-canada-certification
Fan@@lo, stavo postandolo io!
http://commercialaircraft.bombardie...arded-transport-canada-typ.bombardiercom.html
Richard Anderson: Delta seriously considering CSeries
Delta Air Lines CEO Richard Anderson said the Atlanta-based carrier is “taking a very serious look” at purchasing the Bombardier CSeries aircraft.
Bombardier brought the CSeries to Atlanta late last year and Bombardier Commercial Aircraft president Fred Cromer met with Anderson, who toured the aircraft. “It’s a pretty impressive airplane,” Anderson told analysts and reporters Jan. 19 while discussing the carrier’s 2015 earnings.
He praised the Pratt & Whitney geared turbofan (GTF) engine, which powers the CSeries, as the most significant recent advancement in commercial aircraft technology.
“At the right price, it’s quite a competitive airplane,” Anderson said. “We’re taking a very serious look at it.”
Bombardier has struggled on the sales side with the CSeries and is pushing for a major breakthrough order.
http://atwonline.com/airframes/richard-anderson-delta-seriously-considering-cseries
Delta Air Lines CEO Richard Anderson said the Atlanta-based carrier is “taking a very serious look” at purchasing the Bombardier CSeries aircraft.
Bombardier brought the CSeries to Atlanta late last year and Bombardier Commercial Aircraft president Fred Cromer met with Anderson, who toured the aircraft. “It’s a pretty impressive airplane,” Anderson told analysts and reporters Jan. 19 while discussing the carrier’s 2015 earnings.
He praised the Pratt & Whitney geared turbofan (GTF) engine, which powers the CSeries, as the most significant recent advancement in commercial aircraft technology.
“At the right price, it’s quite a competitive airplane,” Anderson said. “We’re taking a very serious look at it.”
Bombardier has struggled on the sales side with the CSeries and is pushing for a major breakthrough order.
http://atwonline.com/airframes/richard-anderson-delta-seriously-considering-cseries
La notizia non mi stupisce affatto.
Aereo nuovo, efficiente, ad un prezzo d'acquisto stracciato, per mantenere in vita il progetto, che subentra ai vecchi md80, poco economici da usare anche con il petrolio a 30$ al barile; la Ricetta Anderson nella sua ricetta più semplice.
Chapeau
E' il classico esempio di win win: io Delta mi porto a casa aeromobili nuovi perché prima o poi il petrolio risalirà ed a quel punto avrò un problema (più poi che prima, ma accadrà negli anni futuri) e perché i miei maddog dovrò pur dismetterli perché non posso farli volare in eterno, e tu Bombardier ti accontenti di vendermeli a costi risibili pur di limitare le perdite di un programma che non ha ottenuto successo.
Bombardier plane orders seen falling to 6-year low as stock dips below $1
A shortage of new aircraft orders for Bombardier Inc. could force the Canadian plane maker to cut production further as its stock cracked below the symbolic $1 threshold for the first time in almost a quarter-century.
Bombardier is poised to report its worst year for aircraft orders since 2009 when it announces fourth-quarter and full-year results Feb.18, according to analysts at Macquarie Capital Markets Canada Ltd. The plane maker last week lost a key United Continental Holdings Inc. order for 40 narrow-body airliners to rival Boeing Co., although it is still in talks with United on a separate sales deal that could be even larger.
Based on data through the first nine months of 2015 and information disclosed during the fourth quarter, Bombardier is on track to report new bookings for 99 planes for fiscal 2015, Macquarie said. That’s less than half the 282 tallied the year before and implies a 34-per-cent year-over-year drop in Bombardier’s aerospace backlog in a best-case scenario, according to Macquarie.
“That’s a red alert, in my view,” Macquarie analyst Konark Gupta said Tuesday, because Bombardier’s estimated order book of 324 planes at the end of 2015 equates to about 14 to 15 months of assembly work. “It’s not enough. Historically speaking, they have had more than two or three years of backlog. And now we’re talking about less than two years.”
Bombardier spokeswoman Isabelle Rondeau declined to comment, saying official deliveries and orders information will be published in the company’s year-end results.
Macquarie’s analysis does not include Bombardier’s previously announced cancellation of orders for its Learjet 85 plane, owing to the program being stopped, which would reduce the overall order tally. And it doesn’t take into account any new orders for business jets that Bombardier might have booked during the quarter but not yet made public, which would boost it. It also assumes all new orders were for so-called in-production aircraft (all the models Bombardier currently makes, not including the C Series and Global 7000/8000 planes under development).
Bombardier class B shares sank below $1 in Toronto trading Wednesday, less than half the price of its $2.21-a-share equity offering a year ago. The drop raises the possibility the company will be ejected from Canada’s main S&P/TSX stock index. To be eligible for inclusion in the index, which is reviewed quarterly, a security has to have a minimum volume-weighted average price of $1 over the past three months and must represent a minimum weight of 0.05 per cent of the index.
“Any upward movement in Bombardier’s share price is likely to come from news flow of aircraft orders, which have been muted for the last two years,” Veritas Investment Research analyst Kevin Dusseldorp wrote in a recent note. He rates the stock “sell” with a price of $1.20.
Bombardier currently builds five different families of aircraft, namely, the Q400 turboprop, CRJ regional jets, and Learjet, Challenger and Global business jets. It is slowly spooling up manufacturing of its largest-ever plane, the 100-to-160-seat C Series, after a two-year delay, with plans to build and deliver between 15 and 20 of them this year. The company is also working on the new Global 7000/8000 business jets slated for initial delivery in the second half of 2018.
Bombardier’s aircraft backlog for in-production models has been declining steadily since 2013, Macquarie research shows. The 243 firm orders Bombardier has for the C Series will offset weakness for other planes in the commercial aircraft unit. But the trendline for business jets, the company’s most profitable products, is more alarming.
A weaker backlog for business jets, combined with slower sales and a delay for the new Global models could put more pressure on production rates this year and next, Macquarie said. Bombardier is already ratcheting down output for the Global 5000/6000 models for 2016, announcing last May it would cut 1,750 jobs in that unit to bring supply more in line with global demand. More cuts could be coming if demand continues to slow.
Several of Bombardier’s largest markets for luxury jets have been hit hard, including oil-revenue-dependent Russia. Falling oil prices have weakened the country’s economy and triggered a depreciation in its currency. That has left Russia’s monied class, which has a preference for Bombardier’s large-cabin planes with longer range, without the spending power they once enjoyed.
The Globe and Mail Toronto
A shortage of new aircraft orders for Bombardier Inc. could force the Canadian plane maker to cut production further as its stock cracked below the symbolic $1 threshold for the first time in almost a quarter-century.
Bombardier is poised to report its worst year for aircraft orders since 2009 when it announces fourth-quarter and full-year results Feb.18, according to analysts at Macquarie Capital Markets Canada Ltd. The plane maker last week lost a key United Continental Holdings Inc. order for 40 narrow-body airliners to rival Boeing Co., although it is still in talks with United on a separate sales deal that could be even larger.
Based on data through the first nine months of 2015 and information disclosed during the fourth quarter, Bombardier is on track to report new bookings for 99 planes for fiscal 2015, Macquarie said. That’s less than half the 282 tallied the year before and implies a 34-per-cent year-over-year drop in Bombardier’s aerospace backlog in a best-case scenario, according to Macquarie.
“That’s a red alert, in my view,” Macquarie analyst Konark Gupta said Tuesday, because Bombardier’s estimated order book of 324 planes at the end of 2015 equates to about 14 to 15 months of assembly work. “It’s not enough. Historically speaking, they have had more than two or three years of backlog. And now we’re talking about less than two years.”
Bombardier spokeswoman Isabelle Rondeau declined to comment, saying official deliveries and orders information will be published in the company’s year-end results.
Macquarie’s analysis does not include Bombardier’s previously announced cancellation of orders for its Learjet 85 plane, owing to the program being stopped, which would reduce the overall order tally. And it doesn’t take into account any new orders for business jets that Bombardier might have booked during the quarter but not yet made public, which would boost it. It also assumes all new orders were for so-called in-production aircraft (all the models Bombardier currently makes, not including the C Series and Global 7000/8000 planes under development).
Bombardier class B shares sank below $1 in Toronto trading Wednesday, less than half the price of its $2.21-a-share equity offering a year ago. The drop raises the possibility the company will be ejected from Canada’s main S&P/TSX stock index. To be eligible for inclusion in the index, which is reviewed quarterly, a security has to have a minimum volume-weighted average price of $1 over the past three months and must represent a minimum weight of 0.05 per cent of the index.
“Any upward movement in Bombardier’s share price is likely to come from news flow of aircraft orders, which have been muted for the last two years,” Veritas Investment Research analyst Kevin Dusseldorp wrote in a recent note. He rates the stock “sell” with a price of $1.20.
Bombardier currently builds five different families of aircraft, namely, the Q400 turboprop, CRJ regional jets, and Learjet, Challenger and Global business jets. It is slowly spooling up manufacturing of its largest-ever plane, the 100-to-160-seat C Series, after a two-year delay, with plans to build and deliver between 15 and 20 of them this year. The company is also working on the new Global 7000/8000 business jets slated for initial delivery in the second half of 2018.
Bombardier’s aircraft backlog for in-production models has been declining steadily since 2013, Macquarie research shows. The 243 firm orders Bombardier has for the C Series will offset weakness for other planes in the commercial aircraft unit. But the trendline for business jets, the company’s most profitable products, is more alarming.
A weaker backlog for business jets, combined with slower sales and a delay for the new Global models could put more pressure on production rates this year and next, Macquarie said. Bombardier is already ratcheting down output for the Global 5000/6000 models for 2016, announcing last May it would cut 1,750 jobs in that unit to bring supply more in line with global demand. More cuts could be coming if demand continues to slow.
Several of Bombardier’s largest markets for luxury jets have been hit hard, including oil-revenue-dependent Russia. Falling oil prices have weakened the country’s economy and triggered a depreciation in its currency. That has left Russia’s monied class, which has a preference for Bombardier’s large-cabin planes with longer range, without the spending power they once enjoyed.
The Globe and Mail Toronto
Bombardier still hopeful for United Airlines CSeries order
Bombardier believes United Airlines’ recent decision to order 40 Boeing 737-700s does not preclude it from selling the CSeries to the Chicago-based airline.
The Canadian manufacturer is eager to land a CSeries order from a major North American carrier.
“We continue to talk with United,” Bombardier Commercial Aircraft VP-commercial operations Ross Mitchell told ATW on the sidelines of the Singapore Air Show Tuesday. “I don’t think that [the 737-700] order precludes us doing something there. Certainly, we still believe the CSeries is the right airplane for a number of airlines … We don’t think that order necessarily changes the situation for us. We still believe strongly that the CSeries will be successful in the North American market with the major carriers.”
United said it will use the 737-700s to replace a portion of the carrier’s domestic capacity now being operated under contract by regional airlines. United CFO Gerry Laderman has left the door open for more narrowbody aircraft orders to replace regional capacity, telling analysts following the 737-700 deal that United is “continuing to pursue additional aircraft.”
Delta Air Lines is also considering the CSeries, which Delta CEO Richard Anderson recently called “a pretty impressive airplane.”
Whether Bombardier can break through on the CSeries with a major North American airline may depend on how aggressive it is willing to be on pricing. Bombardier Commercial Aircraft president Fred Cromer “has indicated that on pricing we’ll make sure we do what it takes to be competitive,” Mitchell said. “I can’t comment on how low we’ll go, but I think we’ll be competitive in the marketplace … We will capture a North American mainline carrier, no doubt.”
Bombardier SVP-commercial Colin Bale added, “We’re not selling a price. We’re selling an aircraft.”
Asked whether Bombardier’s uncertain financial situation is a concern for potential CSeries customers, Bale said, “For sure, I’m not going to deny that we have to go through that discussion with our customers and explain to them that we have the funds required … We know we have the funds required.”
The Quebec government in October announced it was investing $1 billion to take a 49.5% stake in a new subsidiary that Bombardier will form to complete development, manufacture and support for the CSeries. But the Montreal-based manufacturer continues to explore more funding sources and is in talks with the Canadian federal government about a possible cash infusion.
The CSeries, certified in December, is scheduled to enter service with Swiss International Air Lines later this year. Bombardier has 243 firm orders for the aircraft.
http://atwonline.com/aircraft-engines/bombardier-still-hopeful-united-airlines-cseries-order
Bombardier believes United Airlines’ recent decision to order 40 Boeing 737-700s does not preclude it from selling the CSeries to the Chicago-based airline.
The Canadian manufacturer is eager to land a CSeries order from a major North American carrier.
“We continue to talk with United,” Bombardier Commercial Aircraft VP-commercial operations Ross Mitchell told ATW on the sidelines of the Singapore Air Show Tuesday. “I don’t think that [the 737-700] order precludes us doing something there. Certainly, we still believe the CSeries is the right airplane for a number of airlines … We don’t think that order necessarily changes the situation for us. We still believe strongly that the CSeries will be successful in the North American market with the major carriers.”
United said it will use the 737-700s to replace a portion of the carrier’s domestic capacity now being operated under contract by regional airlines. United CFO Gerry Laderman has left the door open for more narrowbody aircraft orders to replace regional capacity, telling analysts following the 737-700 deal that United is “continuing to pursue additional aircraft.”
Delta Air Lines is also considering the CSeries, which Delta CEO Richard Anderson recently called “a pretty impressive airplane.”
Whether Bombardier can break through on the CSeries with a major North American airline may depend on how aggressive it is willing to be on pricing. Bombardier Commercial Aircraft president Fred Cromer “has indicated that on pricing we’ll make sure we do what it takes to be competitive,” Mitchell said. “I can’t comment on how low we’ll go, but I think we’ll be competitive in the marketplace … We will capture a North American mainline carrier, no doubt.”
Bombardier SVP-commercial Colin Bale added, “We’re not selling a price. We’re selling an aircraft.”
Asked whether Bombardier’s uncertain financial situation is a concern for potential CSeries customers, Bale said, “For sure, I’m not going to deny that we have to go through that discussion with our customers and explain to them that we have the funds required … We know we have the funds required.”
The Quebec government in October announced it was investing $1 billion to take a 49.5% stake in a new subsidiary that Bombardier will form to complete development, manufacture and support for the CSeries. But the Montreal-based manufacturer continues to explore more funding sources and is in talks with the Canadian federal government about a possible cash infusion.
The CSeries, certified in December, is scheduled to enter service with Swiss International Air Lines later this year. Bombardier has 243 firm orders for the aircraft.
http://atwonline.com/aircraft-engines/bombardier-still-hopeful-united-airlines-cseries-order
Watson: Guess how much you'll be giving Bombardier
Published on: February 15, 2016 | Last Updated: February 15, 2016 1:23 PM EST
News reports say the federal government is getting to crunch time on whether to lend or give – which is not clear yet – $1 billion to Bombardier, Inc., which is having trouble selling its new C-series aircraft.
This would be the latest in a long line of federal cheques made out to the company.
If $1 billion is too big a number to get your mind around, think of it this way. There are 35 million Canadians. So $1 billion is roughly $28.60 per person. Each and every one of us stands to “contribute” $28.60 to Bombardier. Of course, not everyone will pay.
Though there are 27 million filers of income-tax returns, a little more than nine million don’t actually pay any tax, which leaves 18 million who do. Divide $1 billion among 18 million and that gives you – or gives Bombardier courtesy of you – $55.55. Each and every income-tax-paying Canadian will contribute $55.55 to Bombardier, if the company’s request for money is honoured.
As I write, Bombardier shares are selling for 81 cents each. With your $55.55 that the federal government is weighing giving to Bombardier, you could buy 69 shares of Bombardier stock. Which would you rather have at the moment? $55.55 or 69 shares of Bombardier stock?
Unfortunately for Bombardier and its existing shareholders, millions of investors have been passing on the stock. Though 15 years ago it was priced at $26, it has been downhill almost ever since.
How come? Mainly because the company has spent tonnes of money developing a new airplane that, it turns out, almost no airlines want to buy. The chances it will be profitable anytime soon are therefore very slim. Owning a company’s shares means owning title to its profits. But who wants title to profits that look like they’ll be negative for the next several years?
Do the federal government and the Quebec government, which last fall committed $1.3 billion to Bombardier (a hefty $325 per income-tax-paying citizen), have special insight into the workings of airplane markets that justifies overruling the apparent verdict of world capital markets that the C-series will never fly financially?
Markets can be wrong, as Hollywood movies, most recently The Big Short, keep telling us. But the movies, including The Big Short, also keep telling us capitalists are greedy, ruthless and daring. If there were any chance of Bombardier recovering, wouldn’t some enterprising bank, billionaire or hedge fund be eager to take a (ahem) flyer on it?
The governments will argue that Bombardier offers Canadians much more than financial benefits (which is a good thing since it’s offering precious few of those right now). We get pride from being a player in the world airplane market – though if our planes don’t actually sell, maybe the pride is reduced.
We get the benefits of local control of the company – though if it’s run by cost-conscious capitalists, as we would want it to be, local preferences should be slight. We get “externalities” from technological spillovers – though Bombardier has in the past sued to keep researchers from learning the details of how or whether it pays back government loans, so it presumably keeps its industrial secrets at least as close to its chest.
And, finally, we save on employment insurance payouts to its tens of thousands of employees if it goes belly up – though firstly, it’s not clear Bombardier would cease operations if it got bought out, and secondly, employment insurance benefits are a one-time cost, unlike corporate welfare, the gift we keep on giving.
Investment gurus are always pushing the “strategic” view. Taking the big picture, the view from 35,000 feet as it were, for $55.55 a head we Canadian taxpayers get to keep selling airliners at a loss.
Government may well have a role to play in providing foreign aid. But to world air travellers?
William Watson teaches economics at McGill University.
http://ottawacitizen.com/opinion/columnists/watson-guess-how-much-youll-be-giving-bombardier
Published on: February 15, 2016 | Last Updated: February 15, 2016 1:23 PM EST
News reports say the federal government is getting to crunch time on whether to lend or give – which is not clear yet – $1 billion to Bombardier, Inc., which is having trouble selling its new C-series aircraft.
This would be the latest in a long line of federal cheques made out to the company.
If $1 billion is too big a number to get your mind around, think of it this way. There are 35 million Canadians. So $1 billion is roughly $28.60 per person. Each and every one of us stands to “contribute” $28.60 to Bombardier. Of course, not everyone will pay.
Though there are 27 million filers of income-tax returns, a little more than nine million don’t actually pay any tax, which leaves 18 million who do. Divide $1 billion among 18 million and that gives you – or gives Bombardier courtesy of you – $55.55. Each and every income-tax-paying Canadian will contribute $55.55 to Bombardier, if the company’s request for money is honoured.
As I write, Bombardier shares are selling for 81 cents each. With your $55.55 that the federal government is weighing giving to Bombardier, you could buy 69 shares of Bombardier stock. Which would you rather have at the moment? $55.55 or 69 shares of Bombardier stock?
Unfortunately for Bombardier and its existing shareholders, millions of investors have been passing on the stock. Though 15 years ago it was priced at $26, it has been downhill almost ever since.
How come? Mainly because the company has spent tonnes of money developing a new airplane that, it turns out, almost no airlines want to buy. The chances it will be profitable anytime soon are therefore very slim. Owning a company’s shares means owning title to its profits. But who wants title to profits that look like they’ll be negative for the next several years?
Do the federal government and the Quebec government, which last fall committed $1.3 billion to Bombardier (a hefty $325 per income-tax-paying citizen), have special insight into the workings of airplane markets that justifies overruling the apparent verdict of world capital markets that the C-series will never fly financially?
Markets can be wrong, as Hollywood movies, most recently The Big Short, keep telling us. But the movies, including The Big Short, also keep telling us capitalists are greedy, ruthless and daring. If there were any chance of Bombardier recovering, wouldn’t some enterprising bank, billionaire or hedge fund be eager to take a (ahem) flyer on it?
The governments will argue that Bombardier offers Canadians much more than financial benefits (which is a good thing since it’s offering precious few of those right now). We get pride from being a player in the world airplane market – though if our planes don’t actually sell, maybe the pride is reduced.
We get the benefits of local control of the company – though if it’s run by cost-conscious capitalists, as we would want it to be, local preferences should be slight. We get “externalities” from technological spillovers – though Bombardier has in the past sued to keep researchers from learning the details of how or whether it pays back government loans, so it presumably keeps its industrial secrets at least as close to its chest.
And, finally, we save on employment insurance payouts to its tens of thousands of employees if it goes belly up – though firstly, it’s not clear Bombardier would cease operations if it got bought out, and secondly, employment insurance benefits are a one-time cost, unlike corporate welfare, the gift we keep on giving.
Investment gurus are always pushing the “strategic” view. Taking the big picture, the view from 35,000 feet as it were, for $55.55 a head we Canadian taxpayers get to keep selling airliners at a loss.
Government may well have a role to play in providing foreign aid. But to world air travellers?
William Watson teaches economics at McGill University.
http://ottawacitizen.com/opinion/columnists/watson-guess-how-much-youll-be-giving-bombardier
7000 licenziamenti, il delisting è sempre più vicino, altri miliardi di dollari di sussidi in vista e "stranamente" arriva un mega ordine da Air Canada...
http://www.cbc.ca/news/business/bombardier-job-cuts-1.3451335
Che barzelletta sta società.
http://www.cbc.ca/news/business/bombardier-job-cuts-1.3451335
Che barzelletta sta società.
Aldila' della barzelletta che condivido, immagino che a queste condizioni AC li abbia presi a dei prezzi veramente favorevoli o comunque con qualche tipo di accordo con il Governo.
- Stato