UKEF finances Bombardier consortium with US$2bn to build two new monorails in Egypt

EGYPT – A consortium led by Bombardier, a manufacturer of business jets, public transport vehicles, and trains, has confirmed a deal with the Egyptian government to build two new monorails. This is thanks to a £1.7 billion (US$2.33bn) backing from UK Export Finance (UKEF), the largest amount of financing ever provided for an overseas infrastructure project. Bombardier will use the funds to invest in its factory in Derby after winning a €2.4 billion (US$3.29bn) contract. The government guarantee will support highly skilled jobs in Derbyshire. Bombardier’s consortium was named preferred…

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Bombardier to help Egypt establish first railway equipment manufacturing factory

EGYPT – The Government of Egypt has partnered with Bombardier International, to explore possibilities of establishing a new factory to manufacture railway vehicles, metros and monorails. Bombardier is one of the world’s largest companies in the rail vehicle and equipment manufacturing and servicing industry. The company’s rail equipment division, Bombardier Transportation, is based in Berlin German and produces a wide range of products including passenger rail vehicles, locomotives, bogies, propulsion and controls. According to a report by Egypt Today, a company has already been established, providing ground for the establishment…

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French locomotive giant, Alstom to buy Bombardier rail unit for up to US$6.7 bn

FRANCE – Alstom SA, a French multinational company with interests in the locomotive industry, has agreed to buy the rail division of Canada’s Bombardier Inc for up to 6.2 billion euros ($6.7 billion). The agreement between Alstom and Bombardier would unite companies with an estimated $17 billion in combined revenue. Reuters reports that the acquisition will create the world’s No. 2 train manufacturer and better position the European company to take on Chinese leader CRRC Corp. The French firm said the two were complementary geographically, adding Bombardier’s European footprint was…

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Airbus, Quebec join forces in bid to buy out Bombardier’s A220 stake

FRANCE– Airbus has teamed up with the Quebec government to buy Bombardier’s 33.5% stake in the A220 passenger jet program. The deal completes Bombardier’s exit from civil aviation and boosting Airbus’s position in a new battleground with Boeing. Montreal-based Bombardier first ceded control of the A220 program to Airbus in 2018 for a token as part of broader efforts to improve its finances. Under the terms of the deal, Airbus’s stake in the A220 program – known as Airbus Canada – increases to 75% from 50.1%, while Quebec’s holding rises…

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Bombardier intensifies competition with Embraer with launch of revamped small business jet

UNITED STATES – Canadian based aircraft manufacturer, Bombardier has in October this year unveiled its revamped Liberty Learjet 75 corporate plane. The manufacturer bets on the plane’s extra legroom and a lower price tag to help it beat back competition from Embraer SA’s market leading model. The two aircraft manufacturers, Bombardier and Embraer are both turning to their corporate jet divisions for growth after shedding control of their commercial aviation programs. During the unveiling of plane, Mischa Loeffler, manager for product planning at Bombardier Aviation said that the revamped plane…

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US planemaker Gulfstream challenges Bombardier with new flagship G700 business jet

UNITED STATES – U.S. plane-maker Gulfstream unveiled its widely expected G700 long-range jet in October this year, in what is believed to be a challenge to Bombardier Inc’s flagship Global 7500 aircraft. Gulfstream Aerospace, a unit of General Dynamics Corp, revealed that the new plane would be powered by Rolls-Royce Holdings PLC Pearl 700 engines and anticipates customer deliveries in 2022. The announcement came on the eve of the National Business Aviation Association’s (NBAA) annual corporate aircraft show in Las Vegas, the biggest business jet show in the world. Large…

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Uganda Airlines receives two Bombardier passenger planes in its revival plan

UGANDA – Uganda’s national carrier Uganda Airlines received Bombardier CRJ 900 aircrafts, passenger planes, continues to revive the national carrier. It brings the number up to four planes, the first two having arrived in April this year. In the months to come, the airline will spread out its operational tentacles to the international landscape with the addition of two Airbuses. The much larger, long-haul jets are expected late next year and at the beginning of 2021. Before the arrival of the third and fourth Bombardier planes, the airline has been…

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Spirit AeroSystems seeks to acquire Bombardier’s Morocco, Belfast Facilities

MOROCCO – US based aviation company, Spirit AeroSystems Holdings is in talks with Bombardier to purchase the company’s facilities in Belfast and Morocco, Reuters reported in October this year. The news outlet quoted two sources familiar with the case, emphasizing that the company “has emerged as the front-runner” to acquire the two aeronautics facilities in Morocco and Belfast. The US company has not yet reached an agreement with Bombardier for the facilities. Bombardier announced its decision to sell its facilities in May this year and BNN Bloomberg reported that the…

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