Phenom jets now have SMS and e-mail functionality for pilots



Prodigy™ flight deck increases aircraft communications .

São José dos Campos, March 31, 2011 – Embraer Phenom jets now make it possible to keep in touch from virtually all corners of the globe. The Prodigy™ flight deck, powered by Garmin avionics, can be used to provide two-way short message service (SMS) and e-mail texting on the Phenom 100 and Phenom 300 executive jets. This capability is available to owners of both jets who have selected the datalink option.

“This new function brings a higher level of accessibility to pilots, providing reliable mobile text communications,” said Maurício Almeida, Embraer Vice President, Programs – Executive Jets. “A pilot may now send and receive messages virtually anywhere on Earth, allowing them to, for example, plan ahead any particular need for the flight.”

The Phenom’s Prodigy™ flight deck is the first to allow pilots to send text messages through the aircraft’s avionics system, and to receive them from mobile phones and e-mail servers. The user interface runs mainly on the “Aux-Text Messaging” page displayed on the Multi-Function Display (MFD). When a new message comes in, a discreet pop-up gives the pilot the option of viewing or ignoring it. The system works similarly to a regular e-mail account: incoming text messages go to the “Inbox” as “Read” or “Unread”, and outgoing ones are stored under “Sent” and “Unsent” in the “Outbox”. Pilots can also save time and effort by using predefined texts that are most frequently used. Whether for business or for pleasure, these heightened communication possibilities meet the demands of today’s society. For more about Embraer Executive Jets, visit www.EmbraerExecutiveJets.com.

Source: Embraer







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Boeing: WTO Ruling Exposes Massive Airbus Advantage From Illegal Subsidies

CHICAGO, March 31, 2011 /PRNewswire/ -- A World Trade Organization final case ruling published today confirms the massive market advantage Airbus has enjoyed from billions in illegal government subsidies provided to fund the company's commercial airplane product line since its inception more than 40 years ago.

"This WTO ruling shatters the convenient myth that European governments must illegally subsidize Airbus to counter U.S. government assistance to Boeing," said J. Michael Luttig, Boeing (NYSE:BA) executive vice president and general counsel. "The ruling rejects 80 percent of the EU's claims against the U.S., finding no more than $2.7 billion of impermissible subsidies to Boeing not previously remedied. That amount includes $2.6 billion in NASA R&D funding, which is but a small fraction of the total amount challenged," Luttig said.

Today's ruling resulted from the European Union's attempt to counter a U.S. case that successfully challenged illegal subsidies to Airbus. Last June, the WTO upheld approximately 80% of the U.S. claim, finding Airbus had received more than $20 billion in illegal government subsidies, which harmed the U.S. aerospace industry and resulted in the loss of billions in exports and tens of thousands of U.S. jobs.

Illegal government subsidies to Airbus included:

  • $1.5 billion in R&D subsidies,
  • $1.7 billion in infrastructure subsidies,
  • $2.2 billion in equity infusions, and
  • $15 billion in launch aid (including $4 billion for the A380) – a subsidy that is unique to Airbus and is the most pernicious and market-distorting subsidy under the law.

"Comparing today's decision with the decision last June reveals a market distorted by Airbus' practices, with illegal launch aid being the key discriminator," Luttig said. "The WTO ruling on launch aid goes to the heart of the Airbus business model, which now must change. In contrast, there are no comparable findings or consequences to the U.S. or Boeing from today's decision, as the WTO has now fully and finally rejected most of the EU's claims."

Both sides may appeal today's ruling. Once any appeal concludes, Boeing will support whatever steps the U.S. government deems necessary to fulfill its WTO obligations, and expects the same commitment to compliance from Airbus and its sponsor governments.

"Illegal launch aid must end. Airbus must take immediate steps to withdraw the outstanding prohibited subsidies provided to the A380, and it must finance the A350 and all other future programs on commercial terms," Luttig said.

"With $16.6 billion of cash on hand, EADS/Airbus can, and now must, develop its products without illegal government subsidies," he added.

Luttig said the WTO had done an outstanding job adjudicating the subsidy dispute.

"An impartial arbiter has spoken, and has set important precedents for all nations with ambitions to grow their aerospace industries. Compliance with WTO rules is essential to fair play and to the public's confidence in the global trading system," he said.

Source: Boeing








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Boeing, GECAS Finalize Order for 10 777-300ERs



SEATTLE, March 2011 /PRNewswire/ -- Boeing (NYSE: BA) and GE Capital Aviation Services (GECAS) finalized an order for 10 777-300ER (extended range) airplanes. The order is worth approximately $2.8 billion at list prices. The new 777-300ERs will help GECAS meet growing airline demand for long-haul passenger airplanes.

"This order adds to our existing portfolio of 777 aircraft," said Norman C. T. Liu, GECAS president and CEO. "A key part of our strategy is to expand our long-haul product offerings to satisfy customer demand."

The Boeing 777 is the world's most successful twin-engine, long-haul airplane. The 777-300ER extends the 777 family's span of capabilities, bringing twin-engine efficiency and reliability to the long-range market. The airplane carries 365 passengers up to 7,930 nautical miles (14,685 km).

"The Boeing 777-300ER has generated extraordinary market preference and global popularity, endorsed by industry leaders such as GECAS," said Marlin Dailey, vice president of Sales & Marketing for Boeing Commercial Airplanes. "GECAS has played an important role in the success of the 777, giving Boeing valuable feedback about the airplane's performance and economics and demonstrating support for the 777's value proposition over the years. Today's order again underscores GECAS's confidence in the 777."

With today's announcement, GECAS has ordered 53 777s, including 41 777-300ERs.

The 777-300ER is 19 percent lighter than its closest competitor, greatly reducing its fuel requirement. It produces 22 percent less carbon dioxide per seat and costs 20 percent less to operate per seat. The 777 family is the world's most successful twin-engine, twin-aisle airplane

Source: Boeing








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Bombardier Announces Financial Results for the Fourth Quarter and the Year Ended January 31, 2011

Fiscal year highlights

  • Consolidated revenues of $17.7 billion, compared to $19.4 billion last fiscal year
  • EBITDA of $1.5 billion, compared to $1.6 billion last fiscal year
  • EBIT of $1.1 billion or 5.9% of revenues, compared to $1.1 billion, or 5.7%, last fiscal year
  • Net income of $769 million (diluted EPS of $0.42), compared to $707 million (diluted EPS of $0.39) last fiscal year
  • Free cash flow of $605 million, compared to a free cash flow usage of $215 million last fiscal year
  • Strong cash position of $4.2 billion as at January 31, 2011, compared to $3.4 billion, as at January 31, 2010
  • Backlog of $50.1 billion as at January 31, 2011, compared to $43.8 billion as at January 31, 2010
  • Subsequent to year-end, NetJets Inc. ordered up to 120 business aircraft of the Global family

Bombardier today reported its overall financial results for the fourth quarter and the year ended January 31, 2011. Revenues totalled $17.7 billion, compared to $19.4 billion last fiscal year. Earnings before financing income, financing expense and income taxes (EBIT) amounted to $1.1 billion, the same as last fiscal year. EBIT margin increased to 5.9% compared to last year’s 5.7%. Net income reached $769 million, compared to $707 million last fiscal year. Diluted earnings per share (EPS) reached $0.42, compared to $0.39 last fiscal year.

Free cash flow (cash flows from operating activities less net additions to property, plant and equipment and intangible assets) of $605 million for the year ended January 31, 2011 compared to a free cash flow usage of $215 million last fiscal year. The cash position increased to $4.2 billion as at January 31, 2011, compared to $3.4 billion as at January 31, 2010. The overall backlog reached $50.1 billion as at January 31, 2011, compared to $43.8 billion as at January 31, 2010.

“This past year has been challenging yet positive”, said Pierre Beaudoin, President and Chief Executive Officer, Bombardier Inc. “Our efforts to lean out our cost structure combined with our continued focus on operational excellence have enabled us to increase our profitability despite this year’s reduction in revenues. Both groups have also done an excellent job in managing their working capital which resulted in free cash flow generation of $605 million compared to a negative amount last year.”

“In Aerospace, we seem to have turned the corner with business jet orders picking up substantially in the fourth quarter. To further strengthen our product leadership position, we continued to make progress on the development of new products within our business and commercial aircraft segments, both of which have healthy long-term growth prospects,” said Mr. Beaudoin.

“Transportation delivered a strong performance in fiscal year 2011. We increased our EBIT margin for the sixth consecutive year, making steady progress towards our target EBIT margin of 8% by calendar year 2013*. Our highest level of new orders ever brought our backlog to a record level of $33.5 billion at the end of the year. This is a testimony to our strategy of developing innovative products that meet customer needs globally.”

“We remain committed to investing in our future. Our markets are growing, our products are groundbreaking, and our technological leadership is capturing space in both emerging and mature markets. Overall, we have all the ingredients for profitable growth,” concluded Mr. Beaudoin.

Bombardier Aerospace

At Bombardier Aerospace, revenues totalled $8.6 billion, compared to $9.4 billion last fiscal year, while EBIT reached $448 million, or 5.2% of revenues, compared to $473 million, or 5.1%, for the same period last year. The group is committed to improve its EBIT margin to 10% by calendar year 2013*.

Bombardier Aerospace’s backlog amounted to $16.6 billion as at January 31, 2011, compared to $16.7 billion last year. The group recorded 201 net orders (267 gross orders and 66 cancellations) in fiscal year 2011, compared to 11 net orders (213 gross orders and 202 cancellations) last fiscal year. Deliveries totalled 244 aircraft, compared to 302 last fiscal year.

Bombardier Aerospace delivered 143 business aircraft in fiscal year 2011, compared to 176 aircraft last year. Bombardier Business Aircraft remained market leader with a market share of 32% based on revenues and 28% based on unit deliveries for the fiscal year ended January 31, 2011. Bombardier Commercial Aircraft delivered 97 units in fiscal year 2011, compared to 121 aircraft in the previous year, including nine CRJ1000 NextGen aircraft which entered into service in the fourth quarter with Air Nostrum and Brit Air.

Deliveries for the 11-month calendar year 2011 are expected to be approximately 150 business aircraft and approximately 90 commercial aircraft.*

At the end of fiscal year 2011, Bombardier Aerospace received an order for 15 Q400 NextGen turboprops with options for an additional 15 aircraft from SpiceJet Ltd., establishing the Q400 NextGen airliner in the growing market of India.

In early March 2011, NetJets Inc. placed a firm order for 30 Global 5000 Vision and Global Express XRS Vision aircraft and 20 Global 7000 and Global 8000 aircraft, with options for an additional 70 aircraft of the Global family. Based on list prices, the value of the firm order is $2.8 billion, which could increase to $6.7 billion if all options are exercised. This represents the largest order ever received in Bombardier Business Aircraft’s history.

Bombardier Transportation

Bombardier Transportation’s revenues totalled $9.1 billion, compared to $10 billion last fiscal year. EBIT amounted to $602 million, compared to $625 million last fiscal year. This represents an EBIT margin of 6.6%, versus 6.2% last fiscal year.

The group reported a high level of new order intake of $14.3 billion, compared to $9.6 billion last fiscal year, with a book-to-bill ratio of 1.6, compared to 1.0 last fiscal year. The order backlog stood at a record $33.5 billion as at January 31, 2011 compared to $27.1 billion last year.

Breakthrough orders were won across diverse geographies and product ranges; FLEXITY trams for Melbourne (Australia), Toronto (Canada) and Brussels (Belgium); metro cars for Montréal (Canada), Toronto and New Delhi (India); INNOVIA Monorail 300 systems for Riyadh (Kingdom of Saudi Arabia) and São Paulo (Brazil); single-deck regional trains for Deutsche Bahn (Germany) and double-deck electrical multiple units for Société Nationale des Chemins de fer Français (SNCF); TWINDEXX inter-city trains for Deutsche Bahn and the Swiss Federal Railways (SBB); additional high speed trains for China and V300ZEFIRO very high speed trains for Italy.

These orders demonstrate Bombardier Transportation’s commitment to customer-driven innovative products and further expand its global reach while deepening its local roots in the high growth markets of China, India and Brazil.

* As computed under IFRS – In the Management’s Discussion and Analysis of the Bombardier 2010-11 annual report see the IFRS section in Overview and the Forward-looking statements section in Aerospace and Transportation. After giving effect to the approval of our proposed change of financial year-end from January 31 to December 31 by our Board of Directors in December 2011.

Financial Highlights
PDF version

FINANCIAL RESULTS FOR THE FOURTH QUARTER AND THE YEAR ENDED JANUARY 31, 2011

ANALYSIS OF RESULTS

Consolidated results
Consolidated revenues totalled $5.4 billion for the fourth quarter ended January 31, 2011, in line with the same period last fiscal year. For the year ended January 31, 2011, consolidated revenues reached $17.7 billion, compared to $19.4 billion last year.

For the fourth quarter ended January 31, 2011, EBIT amounted to $367 million, or 6.8% of revenues, compared to $288 million, or 5.4%, for the same period last year. For the year ended January 31, 2011, EBIT reached $1.1 billion, or 5.9% of revenues, compared to $1.1 billion, or 5.7%, for the previous year.

Net financing expense amounted to $1 million and $119 million respectively for the fourth quarter and fiscal year ended January 31, 2011, compared to $60 million and $183 million for the corresponding periods last fiscal year. The $59-million decrease for the fourth quarter is mainly due to a gain of $32 million on long-term debt repayments in connection with our liability management initiatives, and positive variations in the fair value of financial instruments. The $64-million decrease for the fiscal year is mainly due to a gain of $47 million on long-term debt repayments in connection with our two liability management initiatives.

The global effective income tax rate was 11.2% and 17.4% respectively for the fourth quarter and fiscal year ended January 31, 2011, compared to a statutory income tax rate of 30%. The lower global effective tax rates are mainly due to the positive impact of the recognition of tax benefits related to operating losses and temporary differences, partially offset by unrecognized tax benefits and write-downs of deferred tax assets.

As a result, net income amounted to $325 million, or diluted EPS $0.18, for the fourth quarter of fiscal year 2011, compared to $179 million, or diluted EPS of $0.10, for the same period the previous year. For the year ended January 31, 2011, net income was $769 million, or diluted EPS of $0.42, compared to $707 million, or diluted EPS of $0.39, last year.

For the three-month period ended January 31, 2011, free cash flow amounted to $1.5 billion, compared to $512 million for the corresponding period the previous year. For the year ended January 31, 2011, free cash flow amounted to $605 million, compared to a free cash flow usage of $215 million last fiscal year.

As at January 31, 2011, Bombardier’s order backlog stood at $50.1 billion, compared to $43.8 billion as at January 31, 2010.

Bombardier Aerospace

  • Revenues of $2.9 billion for the fourth quarter; $8.6 billion for fiscal year 2011
  • EBITDA of $247 million for the fourth quarter; $732 million for fiscal year 2011
  • EBIT of $181 million, or 6.3% of revenues, for the fourth quarter; $448 million, or 5.2%, for fiscal year 2011
  • Free cash flow of $770 million for the fourth quarter; free cash flow of $44 million for fiscal year 2011
  • Order backlog of $16.6 billion as at January 31, 2011
  • Signature in March 2011 of a firm order of 50 Global family aircraft plus 70 options for a value of $6.7 billion based on list prices if all options are exercised

Bombardier Aerospace’s revenues amounted to $2.9 billion for the three-month period ended January 31, 2011, compared to $2.7 billion for the same period the previous year. The increase is mainly due to higher deliveries of commercial aircraft and higher net selling prices for large business aircraft and for commercial aircraft, partially offset by lower deliveries and an unfavourable mix of business aircraft. Revenues amounted to $8.6 billion for the year ended January 31, 2011, compared to $9.4 billion for the previous year. The decrease is mainly due to lower deliveries of business and commercial aircraft, partially offset by higher net selling prices for large business aircraft and for commercial aircraft.

For the fourth quarter ended January 31, 2011, EBIT amounted to $181 million, or 6.3% of revenues, compared to $106 million, or 4%, for the same period the previous year. The 2.3 percentage-point increase is mainly due to higher net selling prices for large business aircraft and for commercial aircraft, higher margins relating to spare parts, and lower amortization expense; partially offset by lower liquidated damages from customers as a result of fewer business aircraft order cancellations, higher selling, general and administrative (SG&A) expenses, and a net negative variance on financial instruments.

For the year ended January 31, 2011, EBIT amounted to $448 million, or 5.2% of revenues, compared to $473 million, or 5.1%, for the previous year. The 0.1 percentage-point increase is mainly due to higher net selling prices for large business aircraft and for commercial aircraft, lower amortization expense, higher margins relating to spare parts, and lower write-downs of pre-owned business aircraft inventories; partially offset by higher cost of sales per unit, mainly due to price escalation of materials, lower liquidated damages from customers as a result of fewer business aircraft order cancellations, a net negative variance on financial instruments, and lower absorption of SG&A.

Free cash flow totalled $770 million for the fourth quarter ended January 31, 2011, compared to $212 million for the same period last fiscal year. The $558-million increase is mainly due to a positive period-over-period variation in net change in non-cash balances related to operations and a higher EBITDA; partially offset by higher net additions to property, plant and equipment (PP&E) and intangible assets. For the year ended January 31, 2011, free cash flow amounted to $44 million, compared to a free cash flow usage of $267 million for the previous year. The $311-million increase is mainly due to a positive period-over-period variation in net change in non-cash balances related to operations; partially offset by higher net additions to PP&E and intangible assets, (due to our significant investments in product development) as well as a lower EBITDA.

For the fourth quarter ended January 31, 2011, aircraft deliveries totalled 92, compared to 86 for the same period the previous year. The 92 deliveries consisted of 47 business aircraft, 44 commercial aircraft and 1 amphibious aircraft (49, 35 and 2 aircraft respectively for the corresponding period last fiscal year). During fiscal year 2011, Bombardier Aerospace delivered 244 aircraft, compared to 302 aircraft for fiscal year 2010. Aircraft delivered during fiscal year 2011 consisted of 143 business aircraft, 97 commercial aircraft and 4 amphibious aircraft (176, 121 and 5 aircraft respectively last fiscal year).

Deliveries for the 11-month calendar year 2011 are expected to be approximately 150 business aircraft and approximately 90 commercial aircraft.*

Aerospace received 88 net orders during the quarter ended January 31, 2011, compared to 33 during the corresponding period the previous year. The 88 net orders consisted of 74 business aircraft, 13 commercial aircraft and 1 amphibious aircraft (7, 22 and 4 aircraft respectively for the corresponding period last fiscal year). During fiscal year 2011, Aerospace received 201 net orders compared to 11 for fiscal year 2010. Net orders during fiscal year 2011 consisted of 107 business aircraft, 93 commercial aircraft, and 1 amphibious aircraft (negative 85 business aircraft, 88 commercial aircraft, and 8 amphibious aircraft last fiscal year).

Aerospace’s firm order backlog reached $16.6 billion as at January 31, 2011, a similar level compared to $16.7 billion as at January 31, 2010. This is mainly due to an order received for the CSeries family of aircraft, offset by a lower order backlog for regional jets, turboprops and business aircraft.

Bombardier Transportation

  • Revenues of $2.5 billion for the fourth quarter; $9.1 billion for fiscal year 2011
  • EBITDA of $219 million for the fourth quarter; $728 million for fiscal year 2011
  • EBIT of $186 million, or 7.4% of revenues, for the fourth quarter; $602 million, or 6.6%, for fiscal year 2011
  • Free cash flow of $799 million for the fourth quarter; $744 million for fiscal year 2011
  • New order intake totalling $3.4 billion (book-to-bill ratio of 1.4) for the fourth quarter; a record $14.3 billion (book-to-bill ratio of 1.6) for fiscal year 2011
  • Record order backlog of $33.5 billion as at January 31, 2011

Bombardier Transportation’s revenues amounted to $2.5 billion for the three-month period ended January 31, 2011, compared to $2.7 billion for the same period last year. The decrease is mainly due to lower activities in rolling stock, mainly in Western Europe and in Asia due to the phasing out of major projects in several countries ahead of ramping-up of production of new contracts. It also reflects a negative currency impact. For the year ended January 31, 2011, revenues totalled $9.1 billion, compared to $10 billion for the previous year. The decrease is mainly due to decreased activity in locomotives in Europe, as a result of the low level of order intake in fiscal year 2010 due to the challenging economic environment in the freight business, to lower activities in intercity, high speed, and very high speed trains in Europe and Asia due to the phasing out of major projects in several countries ahead of ramping-up of production of new contracts for the fiscal year, and to lower activities in commuter and regional trains, light rail vehicles and metro cars in Western Europe due to the phasing out of major projects in several countries ahead of ramping-up of production of new contracts. The decrease was partially offset by higher activities in commuter and regional trains, light rail vehicles and metro cars in Asia, in locomotives in North America and in propulsion and controls in China. The decrease also reflects a negative currency impact.

For the fourth quarter ended January 31, 2011, EBIT totalled $186 million, or 7.4% of revenues, compared to $182 million, or 6.8%, for the same quarter the previous year. The 0.6 percentage-point increase is mainly due to better overall contract execution, lower SG&A expenses, a higher net gain related to foreign exchange fluctuations and certain financial instruments, and lower amortization expenses; partially offset by lower absorption of research and development (R&D) expenses. For the year ended January 31, 2011, EBIT totalled $602 million, or 6.6% of revenues, compared to $625 million, or 6.2%, for the previous year. The 0.4 percentage-point increase is mainly due to better overall contract execution, partially offset by higher R&D expenses related to our continuous upgrades in product offering and lower absorption of amortization expenses. The EBIT margins for the fourth quarter and the year ended January 31, 2011 were also impacted by provisions related to capacity adjustments mainly for the optimization of our footprint in Europe and a loss in connection with the flooding of our site in Bautzen, Germany.

Free cash flow for the quarter ended January 31, 2011 was $799 million, compared to $372 million for the same period last fiscal year. The $427-million increase is mainly due to a positive period-over-period variation in net change in non-cash balances related to operations, partially offset by higher net additions to PP&E and intangible assets. For the year ended January 31, 2011, free cash flow was $744 million, compared to $293 million for the previous year. The $451-million increase is mainly due to a positive period-over-period variation in net change in non-cash balances related to operations and lower net additions to PP&E and intangible assets, partially offset by a lower EBITDA.

The order intake for the fourth quarter ended January 31, 2011 was $3.4 billion (book-to-bill ratio of 1.4), compared to $1.8 billion (book-to-bill ratio of 0.7) for the same period last fiscal year. The increase is mainly due to higher order intake in rolling stock in North America and Europe and in system and signalling in North America; partially offset by lower order intake in services in Europe and a negative currency impact. During the year ended January 31, 2011, the order intake reached $14.3 billion (book-to-bill ratio of 1.6), compared to $9.6 billion (book-to-bill ratio of 1.0) last fiscal year. The 49% increase is mainly due to higher order intake in rolling stock and services in Europe and North America, and in system and signalling mainly due to an order received in Brazil; partially offset by lower order intake in rolling stock in Asia, where last year was exceptionally high due to a landmark order for very high speed trains in China and a negative currency impact.

Bombardier Transportation’s backlog totalled $33.5 billion as at January 31, 2011, compared to $27.1 billion as at January 31, 2010. The 24% increase is mainly due to order intake being significantly higher than revenues recorded.

DIVIDENDS ON COMMON SHARES

Class A and Class B Shares
A quarterly dividend of $0.025 Cdn per share on Class A Shares (Multiple Voting) and of $0.025 Cdn per share on Class B Shares (Subordinate Voting) is payable on May 31, 2011 to the shareholders of record at the close of business on May 13, 2011.

Holders of Class B Shares (Subordinate Voting) of record at the close of business on May 13, 2011 also have a right to a priority quarterly dividend of $0.000390625 Cdn per share.

DIVIDENDS ON PREFERRED SHARES

Series 2 Preferred Shares
A monthly dividend of $0.0625 Cdn per share on Series 2 Preferred Shares has been paid on December 15, 2010, on January 15, on February 15 and on March 15, 2011.

Series 3 Preferred Shares
A quarterly dividend of $0.32919 Cdn per share on Series 3 Preferred Shares is payable on April 30, 2011 to the shareholders of record at the close of business on April 15, 2011.

Series 4 Preferred Shares
A quarterly dividend of $0.390625 Cdn per share on Series 4 Preferred Shares is payable on April 30, 2011 to the shareholders of record at the close of business on April 15, 2011.

About Bombardier
A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended January 31, 2011, were $17.7 billion, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com or follow us on Twitter @BombardierInc.

* As computed under IFRS – In the Management’s Discussion and Analysis of the Bombardier 2010-11 annual report see the IFRS section in Overview and the Forward-looking statements section in Aerospace and Transportation. After giving effect to the approval of our proposed change of financial year-end from January 31 to December 31 by our Board of Directors in December 2011.

CRJ, CRJ1000, CSeries, FLEXITIY, Global, Global 5000, Global 7000, Global 8000, Global Express, Global Vision, INNOVIA, NextGen, Q400, TWINDEXX and XRS are trademarks of Bombardier Inc. or its subsidiaries.

Source: Bombardier








Thursday, March 31, 2011 | Posted in , , | Read More »

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