by Amruth Sundarkumar | Aug 24, 2022 | Corporates, Global
Canadian plane manufacturer Bombardier was upgraded to B- from CCC+ with a stable outlook by S&P due to its deleveraging and strong business jet demand. S&P sees market conditions for aircraft OEMs to remain supportive due to tight supply for new aircrafts,...
by Amruth Sundarkumar | Aug 5, 2022 | Corporates, Global
Canadian plane maker Bombardier reported a Q2 adjusted loss of $38mn, narrowing from a loss of $137mn last year. This was attributed to a 41% YoY increase in its adjusted EBITDA of $201mn driven by continued progress on strategic priorities. Adjusted EBITDA margins...
by Amruth Sundarkumar | May 6, 2022 | Corporates
Montreal-based planemaker Bombardier reported an Q1 adjusted loss of $69mn, narrowing from a loss of $173mn in Q1 2021. This was on the back of a 36% YoY jump in its adjusted EBITDA of $167mn that the company attributed to “Global 7500 margin expansion,...
by Amruth Sundarkumar | Mar 30, 2022 | High Yield Bonds
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...
by Amruth Sundarkumar | Oct 1, 2021 | High Yield Bonds
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...
