C100 At Paris Airshow

[Guest]

3 hours ago, Super 80 said:

Naming names of what? The US based banks and advisors we use? 

You said "Find a Canadian bank that doesn't have a conflict of interest with Bombardier" so how about a list of them?

[Super 80]

Has it really slipped your attention that Canada has only several large full-service financial institutions?

[Airband]

CIBC and National Bank as starters.

[Guest]

10 hours ago, Super 80 said:

Has it really slipped your attention that Canada has only several large full-service financial institutions?

Not at all, I was simply asking that those having conflicts because of connections to Bombardier be pointed out.  I still believe the study could have and should have been conducted by a Canadian Financial Institution.  To help you out in that regard I have attached a goto : http://www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/wwr-er.aspx?sc=1&gc=1#WWRLink11

Bombardier has links to banks around the world including the US for example:

U.S. Bank to be Preferred Lender for Bombardier Recreational Products.

Link/Page Citation

Page/Link:

Page URL: HTML link:<a href="http://www.thefreelibrary.com/U.S.+Bank+to+be+Preferred+Lender+for+Bombardier+Recreational+Products.-a093727628</a>Citations:

MLA style: "U.S. Bank to be Preferred Lender for Bombardier Recreational Products.." The Free Library. 2002 Business Wire 23 Mar. 2016 http://www.thefreelibrary.com/U.S.+Bank+to+be+Preferred+Lender+for+Bombardier+Recreational+Products.-a093727628

Chicago style: The Free Library. S.v. U.S. Bank to be Preferred Lender for Bombardier Recreational Products.." Retrieved Mar 23 2016 from http://www.thefreelibrary.com/U.S.+Bank+to+be+Preferred+Lender+for+Bombardier+Recreational+Products.-a093727628

APA style: U.S. Bank to be Preferred Lender for Bombardier Recreational Products.. (n.d.) >The Free Library. (2014). Retrieved Mar 23 2016 from http://www.thefreelibrary.com/U.S.+Bank+to+be+Preferred+Lender+for+Bombardier+Recreational+Products.-a093727628

Business Editors

MINNEAPOLIS--(BUSINESS WIRE)--Oct. 31, 2002

U.S. Bank, through its Recreation Finance division, has signed an agreement with Bombardier Recreational Products to act as its preferred retail lender in the U.S. and provide special financing and promotions to customers of Bombardier boats and outboard engine dealers.

The program allows dealers to offer special consumer financing on specific Bombardier products including the Sea-Doo(R) sport boats, Evinrude(R) and Johnson(R) outboard engines and other boats powered by Bombardier's Evinrude and Johnson outboard engines. This program will give Bombardier dealers a competitive advantage in the marketplace, and complements the financing program for Sea-Doo(R) personal watercraft, Ski-Doo(R) snowmobiles and Bombardier(R) ATVs, which was recently rolled out by GE Consumer Finance.

Program highlights include: competitive retail product pricing, seasonal Bombardier dealer programs, dedicated credit staff, priority service for Bombardier dealers and a dedicated relationship manager to expedite sales and service requests.

Johnson and Evinrude engines power many of the best known and trusted boat lines in the world. The Sea-Doo Jet Advantage has the distinct advantages of faster acceleration, superior handling and improved shallow water operation. Bombardier has more than 2,200 dealers for their engines and boat lines.

"We are excited about our relationship with Bombardier," said Jeff Smith, vice president and national director of sales and marketing for U.S. Bank Recreation Finance. "Bombardier's product lines are household names, well respected and trusted throughout the industry. With U.S. Bank's national presence and commitment to service, the alliance is a natural fit."

"As a national marine retail lender, this deal makes sense for both Bombardier and U.S. Bank," said Chris Renn, vice president and director of national operations for U.S. Bank Recreation Finance. "Our objective is to add value to the industry by providing a quality product to manufacturers, dealers and consumers. We believe this partnership is consistent with that goal."

Service is a priority for U.S. Bank, as represented by its Five Star Service Guarantee. "Our goal is to bring customers the highest level of service that they've ever experienced from a financial institution," said Steve Bernaski, vice president and regional sales manager for U.S. Bank Recreation Finance. "More than anything, we're committed to providing the best people, the best attitudes and the best service, or we'll pay our customers for any inconvenience."

About Bombardier Recreational Products

Bombardier Recreational Products designs, develops, builds, distributes and markets sport boats, as well as the Evinrude and Johnson outboard marine engines and the Fitch direct fuel injection technology that will be financed in this arrangement. Other Bombardier Recreational Products such as utility vehicles, Rotax(R) engines, Ski-Doo and Lynx snowmobiles, Bombardier ATVs, Sea-Doo watercraft will not be financed in this arrangement.

Bombardier Inc., a diversified manufacturing and services company is a world-leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montreal, Canada, the Corporation has a workforce of some 80,000 people in 24 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2002 stood at $21.6 billion Cdn. Bombardier trades on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).

About U.S. Bancorp

U.S. Bancorp, with assets in excess of $174 billion, is the 8th largest financial services holding company in the United States. The company operates 2,133 banking offices and 4,680 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is home of the Five Star Service Guarantee which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at usbank.com.

COPYRIGHT 2002 Business Wire

[Super 80]

I have no idea what type of argument you are trying to have here or why.

I believe it is 100% plausible that suitable Canadian financial institutions were unable to advise on this potential transaction because of possible conflicts of interest. Your disagreement is noted. 

And what does Bombardier Recreational Products have to do with anything? That's the Beaudoin family and Mitt Romney.

[Guest]

3 hours ago, Super 80 said:

I have no idea what type of argument you are trying to have here or why.

I believe it is 100% plausible that suitable Canadian financial institutions were unable to advise on this potential transaction because of possible conflicts of interest. Your disagreement is noted. 

And what does Bombardier Recreational Products have to do with anything? That's the Beaudoin family and Mitt Romney.

Not according to their website:

Profile

Moving People with Passion and Innovation

 

BRP is a world leader in the design, manufacturing, distribution, and marketing of motorized recreational vehicles and powersports engines.

Built on a 70-year tradition of excellence and headquartered in the Canadian town of Valcourt, Québec, BRP owns manufacturing facilities in Canada, the United States, Mexico, Finland, and Austria, and has a total workforce of more than 7,900 people.

BRP products are distributed in over 100 countries by more than 4,200 dealers and distributors.  http://www.brp.com/en-ca/company/about-brp/profile

 

reason I questioned your response was that you seemed to believe that the Liberals gave the job to a US company because

Quote

Find a Canadian bank that doesn't have a conflict of interest with Bombardier, or any large Canadian company.

My employer has to hire US based advisors pretty often because there is just too much cross-pollination up here. end quote

[Guest]

28 minutes ago, Rich Pulman said:

$1B from Ottawa would be ‘just an extra bonus … but is very clearly not required’: Bombardier exec

I think Bombardier could use $1B to hire some good PR people. Seriously, what are they thinking by saying things like this??

 

 

I think we should take him at his word and insist that our Government invest the money into another industry, perhaps to convert coal fired generating plants to natural gas or developing atomic energy or  or or

[Super 80]

3 hours ago, Malcolm said:

Not according to their website:

Profile

Moving People with Passion and Innovation

 

BRP is a world leader in the design, manufacturing, distribution, and marketing of motorized recreational vehicles and powersports engines.

Built on a 70-year tradition of excellence and headquartered in the Canadian town of Valcourt, Québec, BRP owns manufacturing facilities in Canada, the United States, Mexico, Finland, and Austria, and has a total workforce of more than 7,900 people.

BRP products are distributed in over 100 countries by more than 4,200 dealers and distributors.  http://www.brp.com/en-ca/company/about-brp/profile

 

reason I questioned your response was that you seemed to believe that the Liberals gave the job to a US company because

Quote

Find a Canadian bank that doesn't have a conflict of interest with Bombardier, or any large Canadian company.

My employer has to hire US based advisors pretty often because there is just too much cross-pollination up here. end quote

http://www.baincapitalprivateequity.com/investments/bombardier-recreational-products

And yes, I believe the issue here that led to hiring US based advisors is probably conflicts of interest.

[Guest]

A very important milestone for the C100

Quote

European, U.S. aviation bodies certify Bombardier CSeries aircraft

A Bombardier CSeries jet sits in a Montreal hangar on Wednesday, Feb. 17, 2016. (Paul Chiasson / THE CANADIAN PRESS)

The Canadian Press
Published Thursday, June 16, 2016 6:44AM EDT

MONTREAL - Bombardier (TSX:BBD.B) says aviation authorities in Europe and the United States have now certified its CS100 series passenger planes, clearing the way for delivery of the aircraft to Swiss International Air Lines by the end of the month.

The Swiss carrier is scheduled to be the first to put the plane into commercial service in July.

Certification from the Federal Aviation Administration in the U.S. and the European Aviation Safety Agency follows a similar decision by Transport Canada in December 2015.

Related Stories

• Bombardier lowers 10-year forecast for business aircraft delivery
• Keeping jobs in Canada is key to Bombardier talks, minister says
• Quebec on track to finalize US$1B CSeries funding deal: premier

Montreal-based Bombardier has a lot riding on the success of the CSeries aircraft, which is two years behind schedule and has incurred about US$2 billion in cost overruns.

Bombardier received a major boost in late April when Delta Air Lines placed a firm order for 75 CS100 aircraft with options for another 50 in a deal the company said was worth approximately US$5.6 billion.

Bombardier said delivery of the aircraft to Delta, one of the largest airlines in the world, is expected to begin in 2018.

On Monday, Premier Philippe Couillard said Quebec is on track to finalize its US$1 billion investment in Bombardier's CSeries program and that a deal should be in place by the end of the month.

Federal Finance Minister Bill Morneau earlier said the government continues to talk with Bombardier about providing US$1 billion in funding.

 

[Guest]

Looks like a winner.

What it’s like to be a passenger on Bombardier’s CSeries jet

 

‎Today, ‎June ‎30, ‎2016, ‏‎1 hour ago | Damon van der Linde

Bombardier has marked a milestone in its CSeries program by handing over the first model of its new jet to Swiss International Air Lines this week.

As part of the ceremony at Montreal’s Mirabel airport, media, suppliers, politicians and Bombardier employees were taken up for a quick spin over the Laurentian Mountains for the CS100’s first North American flight. 

Air travel has become less comfortable for a lot of people, so the nice thing about designing a plane like this from scratch, Bombardier says, is that you can customize it to have both the needs a modern passenger and modern airline in mind. 

So after more than eight years and numerous delays, what is it like for a passenger flying on what the company calls “the most advanced single-aisle passenger jet in the world”?

This particular aircraft was a test model — not the one being delivered to Swiss — but the company says the ones going into action will offer a similar experience.

Damon Van der Linde

The cabin

The CS100 isn’t a huge plane, it’s a regional jet intended to carry 108 to 160 passengers on flights of a few hours. Still, it’s surprisingly roomy inside. The aisle is said to be the largest in its class and it gets lots of natural light with windows 50 per cent larger than its closest competitors.

Rob Dewar, vice-president of Bombardier’s CSeries aircraft program, says that because, on average, people around the world are bigger than they used to be, this plane was designed with larger frames in mind. Dewar says this is easy, being over six feet tall himself.

“As I was responsible for the development, I made sure I fit everywhere,” he said.

Allen McInnis / MONTREAL GAZETTE A reporter takes pictures during a flight in the first CS 100 to be delivered by Bombardier in Montreal

Related

• Bombardier Inc flying high after handing over first CSeries jet to Swiss International Air Lines

The seats

The CSeries being delivered to Swiss International is laid out with two seats on one side of the aisle and three on the other. While getting stuck between two strangers may seem like drawing the short straw on most flights, the CS100 offers a consolation prize by making the middle seat wider by an extra half-inch.  

Bombardier says it was also able to modify the contour of the fuselage to gain two inches of extra shoulder width for people sitting in the window seat.

There was a lot of legroom, though the test model used on the ceremonial flight had 118 seats compared to the 125 that will be on plane outfitted for Swiss International. The Zodiac seats used in this plane are quite clever: When the backrest reclines the seat moves forward a little bit, squeezing out a little more room to stretch your legs and making sure the person sitting behind you doesn’t end up too cramped.

One downside to the two- and three-seat arrangement is that, from the aisle seat on the three-seat side, it was a big reach to adjust the fan, turn the light on and off, or call the flight attendant. This could mean an arm in someone’s face as you stretch past the person in the middle, or make it difficult for shorter-armed people to reach it at all.   

Damon Van der LindeFor a regional jet the CS100 cabin is surprisingly roomy and gets lots of natural light.

The overhead bin

With many airlines charging for even one checked bag, it’s getting more and more common that when you bring your maxed-out carry-on allowance to the gate, it seems everyone else had the same idea. That means either struggling to find a place in the overhead bin or having to check a carry-on at the gate when you might have items you wanted to keep close during the flight.

The CSeries bins are cavernous. There’s enough room for every passenger to fit an oversized carry-on bag and they open low, so as to be within reach of people who are not so tall.

This wouldn’t stop airlines from charging for carry-on bags, but that is, of course, out of Bombardier’s hands.   

Damon Van der LindeIt’s a bit of a stretch to reach the light, fan and call button from the CS100 aisle seat.

The noise

Initially dubbed the “whisper jet,” Bombardier says the CSeries has the lowest noise levels of any commercial jet in production, thanks in large part to its two Pratt & Whitney engines. The company says the brand new engine reduces noise by 50 to 75 per cent, which is supposed to make for a more comfortable flight and gives the plane more options when flying in and out of cities and other places with noise restrictions. 

While it’s hard to gauge the noise level from memories of other flights, the CSeries wasn’t so loud that it would mean raising your voice to have a conversation. 

“You didn’t really hear the takeoff but you probably felt the performance,” Dewar says.

Damon Van der LindeWhat it’s like to be a passenger on Bombardier’s CSeries jet.

The lavatories

From the sythetic granite sink to the laminate hardwood floors, the lavatories gave the impression there was some thought put into the design — not always easy to say about cramped airplane washrooms.  

The CSeries lavatories are spacious and designed for people with reduced mobility and offer six inches of extra headroom compared to those of Bombardier’s competitors, according to Dewar.  

Having a nice washroom is not a top priority for most passengers when buying a ticket, but once there, most appreciate a better experience.

The first CS100 left Montreal for Zurich on Thursday. Swiss International will begin regular service with the aircraft July 15, and receive another 29 planes between now and 2018.

Damon Van der LindeThe CSeries ditched the tiny lavatory trend seen in many jets for a more spacious design.

[Lakelad]

.

Porter could fly CSeries out of airports other than Toronto’s Billy Bishop: CEO

Tue Jul 19, 2016 - Financial Post
Kristine Owram

Porter Airlines may not be allowed to fly Bombardier Inc.’s CSeries jet out of Toronto’s downtown airport, but the airline hasn’t ruled out bringing the jet to other Canadian airports, according to CEO Robert Deluce.

Porter has been evaluating its future since Transport Minister Marc Garneau tweeted in November that Ottawa would not re-open the tripartite agreement that bans jets from flying out of the Billy Bishop Toronto City Airport.

This quashed Deluce’s dream of bringing the CSeries to the airport, which is located just south of the city’s downtown core on the Toronto Islands. Opponents had expressed concerns about noise, although the CSeries has been confirmed as the quietest commercial jet in its class.

That won’t happen for the foreseeable future, but Porter hasn’t walked away from its conditional order, worth as much as US$2.08 billion at list prices, for up to 30 CS100 jets from Bombardier.

“Our deposits are still in place for the original conditional order,” Deluce said in an interview Tuesday.

He cautioned not to read too much into that, but added that Porter wants to keep its options open. The Toronto-based airline has a fleet of 29 planes and operates flights in Eastern Canada and the northeastern seaboard in the U.S.

“There may be opportunities for us to operate the CS100 aircraft from various other airports in the future if that ends up being the right direction for Porter at that time,” Deluce said.

For now, the airline has no plans to add any additional routes. Porter bought three more Q400s, worth US$93 million at list price, from Bombardier last week and Deluce said those will be used to “reinforce” its existing network and improve schedule reliability.

“We’re still at the point where we’re assessing what the right longer-term move is for Porter,” he said.

"We may well have the strongest balance sheet of any airline in North America and maybe even the world at this point"

.

 

[DEFCON]

I love the dynamic Porter adds to the Canadian aviation scene. With the correct route selections Porter could do very well with CS 1, or 300's.

 

[blues deville]

Me too. I hope they can eventually do something with those orders. 50 years to get some kind of connection between lower Bathurst Sr. and YTZ. I don't think one little MP from Spadina is going to stop the this project from further expansion.

[moeman]

http://atwonline.com/manufacturers/glitches-affect-initial-swiss-cseries-flights

Quote

A SWISS scheduled commercial flight of the Bombardier CSeries aircraft from Switzerland to the UK had to return to home base Tuesday morning after experiencing a problem with its air conditioning system.

 

[Super 80]

4 hours ago, blues deville said:

Me too. I hope they can eventually do something with those orders. 50 years to get some kind of connection between lower Bathurst Sr. and YTZ. I don't think one little MP from Spadina is going to stop the this project from further expansion.

I don't think Vaughn is a long-term problem. He wants a cabinet position as "Minister of Toronto" and he isn't going to get it and then he will just turn his attention to running for mayor. 

[Guest]

Bombardier Inc’s CSeries showing ‘much higher’ reliability than competitors, Swiss Air Lines says

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Kristine Owram | August 24, 2016 | Last Updated: Aug 24 3:57 PM ET

Clement Sabourin/AFP/Getty ImagesSwiss International Air Lines Ltd., which offered the first-ever CSeries commercial flight on July 15, said the aircraft is performing better than some Boeing Co. and Airbus Group SE jets did during their first few weeks in operation.

The first airline to fly Bombardier Inc.’s CSeries says the jetliner has been significantly more reliable in its first month of operation than other aircraft built by its competitors.

An aircraft’s dependability is often measured by its dispatch reliability, or the percentage of flights that depart on time. Swiss International Air Lines Ltd., which offered the first-ever CSeries commercial flight on July 15, said the aircraft is performing better than some Boeing Co. and Airbus Group SE jets did during their first few weeks in operation.

“The dispatch reliability of the first aircraft has already reached a high value, much higher than in comparison with the dispatch reliability of other new aircraft types during phase-in,” Swiss spokeswoman Karin Muller said in an email, pointing specifically to Airbus’s A380 and A320neo and Boeing’s 787.

She added that the CSeries’ dispatch reliability has not yet reached the desired level of 99 per cent, but Swiss won’t release more detailed numbers until at least five aircraft have been in operation for at least three months.

Swiss now has two CS100 aircraft in operation after the second one entered service last week. The airline has placed a firm order for 15 CS100s and 15 of the larger-variety CS300s.

The CSeries experienced some minor glitches in its first week of operation. The very first flight, from Zurich to Paris, was delayed by an hour when airport ramp staff disconnected a ground power cable too soon, forcing a power restart.

Four days later, a flight from Zurich to Manchester, U.K., turned back after the plane experienced a problem with its air-conditioning system.

Muller described these as “small technical and operational issues” that didn’t hurt the phase-in process.

“With our daily experience and the support by Bombardier on-site, these issues and insecurities regarding the handling have already noticeably decreased,” she said.

The feedback from our pilots is gratifying. They especially like the intuitive flying experience.

Swiss has also experienced some minor cabin design issues that it is addressing with Bombardier and which may delay delivery of the next aircraft by “a few weeks,” but overall the experience has been encouraging, Muller added.

“The customer feedback is very positive with the expected remarks concerning the bright cabin, reduced noise, enough leg room and space for hand luggage as well as the comfortable seats,” she said. “Also the feedback from our pilots is gratifying. They especially like the intuitive flying experience.”

Earlier this month, Bombardier CEO Alain Bellemare described the feedback from Swiss and its passengers as “outstanding.”

The positive reception has been a relief for the company, which had struggled with delays, cost overruns and serious doubts about demand for the aircraft. Recent orders from Air Canada and Delta Air Lines Inc. have helped to ease those concerns.

The larger CS300 version of the jetliner was certified by Transport Canada in July and is expected to enter service with Air Baltic Corp. by the end of the year.

[hollywud]

Personally, I am thrilled that Bombardier, through all it's launch struggles, has built another wonderful aircraft by the looks and sounds of it (pun intended).  We should all be proud of this company and what means for this country and our industry.