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Bombardier Inc
Symbol BBD
Shares Issued 1,441,132,991
Close 2013-05-09 C$ 4.47
Market Cap C$ 6,441,864,470
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Globe says Bombardier adds another promise to C Series

2013-05-10 08:45 ET - In the News

The Globe and Mail reports in its Friday edition Bombardier is sticking to its end-of-June target for the takeoff of its first commercial airplane, the C Series. The Globe's Sophie Cousineau writes the news is a relief for investors who have been burned in the past by the aerospace industry's broken promises. Bombardier is undergoing the last series of tests on the smallest version of the C Series in order to get the go-ahead for its maiden flight, which was already postponed once. "To date, tests have shown results as expected," the company indicated in its first-quarter report, which was released before its annual meeting in Montreal. "Most of the issues that could trip us up are behind us," added Guy Hachey at Bombardier Aerospace. However, Mr. Hachey would not commit to a first flight before or during the Paris Air Show from June 17 to 23. A successful first flight could persuade more airlines to commit to the C Series. What is more, manufacturers typically try to unveil new orders and garner excitement about their latest aircraft at this fair, a big draw for airline executives. The news boosted Bombardier's share price and the company is promising better times for its fatigued shareholders.

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