Word: airbuses
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...officials. Bombardier - which owns Learjet, the world's most famous business-jet maker, and Global, a line of larger craft costing as much as $44 million - had competed for that contract. Bombardier, while proud of its status as the world's third largest aircraftmaker (after Boeing and Airbus), is feeling more and more like Goliath to Embraer's David. Under new CEO Paul Tellier, a proven cost cutter, Bombardier Inc., the parent company of Bombardier Aerospace, is paring down its operations to become nimbler and more focused on its core businesses, making trains and planes. "Rigor and consolidation...
Bombardier, while proud of its status as the world's third largest aircraftmaker (after Boeing and Airbus), is feeling more and more like Goliath to Embraer's David. Under new CEO Paul Tellier, a proven cost cutter, Bombardier Inc., the parent company of Bombardier Aerospace, is paring down its operations to become nimbler and more focused on its core businesses, making trains and planes. "Rigor and consolidation are the order of the day," Tellier said recently, as he announced plans to raise $1 billion by selling Bombardier's recreational-products division, which makes popular Sea-Doo watercraft...
Both Bombardier and Embraer are gambling big money on ever larger regional jets. New 90-plus-seat models, the Bombardier CRJ900 (rolled out in January) and the Embraer ERJ190 (expected next year), cost each firm nearly $1 billion to develop but might face competition from Boeing's and Airbus' smallest models. Bombardier and Embraer are also beefing up international operations, especially in jet-hungry China. Embraer last year launched a $25 million joint venture to build 50-seaters in China for that market. Bombardier is in negotiations with other Chinese partners to build 70- and 90-seat jets...
...officials. Bombardier - which owns Learjet, the world's most famous business-jet maker, and Global, a line of larger craft costing as much as $44 million - had competed for that contract. Bombardier, while proud of its status as the world's third largest aircraftmaker (after Boeing and Airbus), is feeling more and more like Goliath to Embraer's David. Under new ceo Paul Tellier, a proven cost cutter, Bombardier Inc., the parent company of Bombardier Aerospace, is paring down its operations to become nimbler and more focused on its core businesses, making trains and planes. "Rigor and consolidation...
...Italian insurer could have two added bounces: it's better capitalized than many rivals and its messy ownership structure has just been simplified. LOSERS BAE: You might think defense contractors would thrive during wartime. But Britain's BAE, maker of military jets and submarines and a part-owner of Airbus, is caught in a war of its own. It wants to partner with an American firm, possibly Boeing, but that could conflict with its joint ventures in Europe. TOTALFINAELF: With the majority of Iraqi oil wells secured by U.S. and British troops, all oil firms are feeling the pinch...