Edition:
United Kingdom

Allison Lampert

Airbus investing up to 1 billion euros in A220 passenger jet program this year

2:19am GMT

MONTREAL Airbus SE plans to invest between 500 million euros and 1 billion euros ($539 million-$1.08 billion) this year on its A220 passenger jet program, Chief Executive Guillaume Faury said on Thursday at the company's A220 factory in Mirabel, just outside Montreal.

Alstom and Bombardier have 'strong case' for rail deal - Canadian pension fund CEO

20 Feb 2020

MONTREAL/TORONTO Alstom SA has a "strong case" to acquire Bombardier Inc's rail business for up to 6.2 billion euros, without making too many important concessions, the chief executive of Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) said.

UPDATE 1-Alstom and Bombardier have 'strong case' for rail deal -Canadian pension fund CEO

20 Feb 2020

MONTREAL/TORONTO, Feb 20 Alstom SA has a "strong case" to acquire Bombardier Inc's rail business for up to 6.2 billion euros, without making too many important concessions, the chief executive of Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) said.

Canadian pension fund Caisse posts 10.4% return in 2019

20 Feb 2020

TORONTO/MONTREAL, Feb 20 Canada's second-biggest pension fund Caisse de dépôt et placement du Québec (CDPQ) on Thursday reported average weighted returns of 10.4% in 2019, as strength in its equities portfolio offset underperformance in real estate holdings.

Business jet deliveries hit decade high in 2019, helped by new models

19 Feb 2020

MONTREAL/WASHINGTON Business jet deliveries across the globe hit a decade high in 2019, the General Aviation Manufacturers Association (GAMA) said on Wednesday, helped by strong market demand for new models.

Alstom, Bombardier shares fall after $6.7 billion rail deal

18 Feb 2020

PARIS/MONTREAL Shares of Alstom SA and Montreal-based Bombardier Inc fell on Tuesday after the French firm agreed to buy its Canadian rival's rail division for up to 6.2 billion euros ($6.7 billion), a deal likely to draw scrutiny from competition regulators and unions concerned about job cuts.

Air Canada profit misses on 737 MAX grounding costs, shares fall

18 Feb 2020

Air Canada missed analysts' estimates for quarterly profit on Tuesday, as the airline spent more to fly less-efficient replacement aircraft due to the global grounding of Boeing Co's 737 MAX jet.

Alstom to buy Bombardier rail unit for up to $6.7 billion

18 Feb 2020

PARIS/MONTREAL France's Alstom SA has agreed to buy the rail division of Canada's Bombardier Inc for up to 6.2 billion euros (5.2 billion pounds) to create the world's No. 2 train manufacturer and better take on Chinese leader CRRC Corp .

Bombardier exits commercial aviation, ending bold bet on promising jet

13 Feb 2020

MONTREAL/OTTAWA Bombardier exited commercial aviation on Thursday, selling a loss-making plane programme that ended its high-stakes gamble on a new jet that once drove it to the brink of bankruptcy.

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