Canadian aircraft manufacturer Bombardier announced on Tuesday that a cybersecurity breach has been recently discovered within servers isolated from the main Bombardier IT network. The company reports that it wasn't specifically targeted as multiple parties were affected by the exposed...
Bombardier announced on Wednesday it entered into a definitive agreement to sell its transportation business to Alstom for $8.4 billion.
The enterprise value of Bombardier Transportation reflects a $350 million reduction from the two companies' initial memorandum of understanding, offset by the...
Alstom SA and Bombardier Inc. said in a joint statement on Friday that they welcome the decision by the European Commission to conditionally approve Alstom's proposed acquisition of Bombardier Transportation, the Canadian company's rail unit.
For the deal to receive full clearance, Alstom would...
Bombardier Inc. announced on Wednesday it has secured a three-year senior secured term loan of up to $1 billion to weather the coronavirus crisis.
The minimum utilization of the credit facility is $750 million, while Bombardier kept the right to voluntarily prepay the outstanding amount of the...
Bombardier Inc is set to cut around 400 jobs in its plant in Belfast, Northern Ireland, in an attempt to curb the coronavirus impact on its business, the company unveiled on Thursday.
Layoffs in Belfast will be part of cost-saving efforts, which were announced last week by the Canadian firm, seeing the...
Bombardier Aviation has made a decision to cut its workforce by some 2,500 employees in response to the crisis caused by the coronavirus, the company announced on Friday.
The company’s statement said that the measures are necessary as Bombardier "must adjust its operations and...
French Finance Minister Bruno le Maire said on Monday the country's government will make sure that the European rail industry benefits from the recently signed deal between Alstom SA and Bombardier Inc.
Le Maire added that before the acquisition is finalized, it will have to be submitted to...
French rail transport company Alstom SA announced on Monday it signed a Memorandum of Understanding with Canadian Bombardier Inc. and Quebec Deposit and Investment Fund (CDPQ), as part of the Bombardier Transportation acquisition deal worth around €6 billion.
"I’m very proud to announce...
French Alstom SA is seeking to purchase Bombardier's train unit Bombardier Transportation, the company confirmed in a statement on Monday.
Alstom said discussions with the Canadian company are ongoing, but stressed that a decision is yet to be made. The deal is expected to be worth around $7...
Airbus SE is in talks to buy Bombardier's 34% stake in their joint venture which is focused on the development and manufacturing of the Airbus A220 commercial jetliners, the Wall Street Journal reported on Friday citing sources familiar with the matter.
According to the report, the deal between the...
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