


Bombardier Hires Lawyers to Dismiss Bond Default Lawsuit
Bombardier has hired lawyers Cravath, Swaine & Moore LLP to defend suits by hedge funds claiming that the company defaulted on its bonds. Hedge funds Antara Capital Master Fund LP, Corbin ERISA Opportunity Fund Ltd and Corbin Opportunity Fund LP sued Bombardier in...
Bombardier Gets Its Largest Order This Year, Worth $534mn
Bombardier Inc announced on Thursday that it got $534mn worth of firm orders for 20 units of an upgraded variant of its Challenger 350 aircraft, its largest commercial jet deal this year. This underscores the recovery in demand for travel and airplanes this year after...
Moody’s Upgrades Bombardier to Caa1
Montreal based Bombardier Inc. has received a one notch upgrade by Moody’s after it announced a new $750mn 5Y bond issuance. The jet manufacturer’s corporate family rating and senior unsecured bonds have been upgraded to Caa1 from Caa2 and its probability...