03:14:01 EDT Fri 17 May 2024
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Bombardier Inc (2)
Symbol BBD
Shares Issued 86,737,000
Close 2023-07-31 C$ 66.00
Market Cap C$ 5,724,642,000
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Globe celebrates Bombardier's move to Pearson airport

2023-08-01 09:07 ET - In the News

The Globe and Mail reports in its Tuesday edition that Bombardier will make a historic move in August from a plant where planes have been built for nearly a century to its new business jet assembly line at the edge of Toronto Pearson International Airport. In a Globe special, Wallace Immen writes that the 770,000-square-foot Global Manufacturing Centre in Mississauga is one of the largest new manufacturing complexes in Canada. The company began planning the move about six years ago as development was putting limits on the air space around its aging shops at Downsview airport. A new assembly line needed to have access to an airstrip and several places in Ontario were considered, but the ideal location turned out to be a 38-acre tarmac-side parcel of land at the south edge of Pearson in Mississauga. It is part of the city's strategy to promote diversification of the mix of land use around Canada's biggest airport, with a focus on attracting global players alongside start-ups, says Christina Kakaflikas, the city's director of economic development. "You may think of it mainly as logistics, warehousing and manufacturing, but there's a fascinating depth and breadth of sectors around the airport," Ms. Kakaflikas says.

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