Bombardier Reports 3rd Q 2018 Results, Sale of Non-Core Assets and Strategic Actions to Streamline the Company and Drive Productivity



Bombardier's PR



  • Earnings(1) up 48% year over year to $271M on $3.6B revenues
  • Free cash flow usage(2) improved by $125M, 25% year over year
  • ~$900M net proceeds expected mainly from the sale of non-core assets: Q Series program and Business Aircraft’s flight and technical training activities(3)
  • Global 7500(4) certified by Transport Canada and the FAA; on track for entry into service before year end
  • Enterprise-wide productivity initiatives launched, expected to generate $250M in annual recurring savings by 2021(3)
  • 2018 guidance(3) updated: Revenues ~$16.5B; EBIT(1) ~$1B; and free cash flow(2) breakeven ±$150M, including net proceeds from Downsview sale
  • 2019 guidance(3) provided: Revenues targeted to grow by ~10%; EBIT(1) targeted to increase by ~20% with improved cash generation

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The Airbus H125 at the top of the world

Flying in the Himalayan mountains is no picnic, yet the pilots and helicopters that carry out thousands of mountain rescues annually play an essential role there. Every year, people come to Nepal to experience one of Earth’s most extreme environments. Mount Everest, at 29,029 feet (8,848 m), draws high-altitude climbers and trekkers. With no road transportation to Lukla’s TenzingHillary Airport – the staging point for Everest expeditions – air transport is the only way travelers can make the trip from Kathmandu—or be evacuated back. Flights are a technical feat, as the majority of rescues are at altitudes from 12,000 to 17,000 feet. Many more take place from Everest’s Base Camp 2, at 21,000 feet (6,400 m). continue reading: https://www.airbus.com/newsroom/stories/H125Topoftheworld.html

Tecnam at Zhuhai International Air Show: Anhui Lantain International Flight Academy places order for 30 aircraft





Tecnam's PR







The order was signed today at the bi-annual Zhuhai International Air Show (also known as Airshow China).

Xie Chunqui, Chairman, ALIFA said: “Our company have selected TECNAM P2006T Twins and P2010 Ptwenty Ten’s models to replace our legacy fleet of training aeroplanes. Our all new state-of-the-art TECNAM aircraft will not only enable us to provide our Cadets with the very best training fleet but will also support our aspirationsto fulfil our ambition to establish ALIFA as a world-class Flight Training Organization”.

The Tecnam P2010 P Twenty Ten is the first new single engine, high wing, four-seat aircraft from Tecnam that brings together an advanced technology all carbon fibre fuselage with a metal wing and stabilator.

The P2006T Twin is the world’s most reputable twin engine aeroplane. It will enable the delivery of complex Flight Training and will enable ALIFA students to complete MEP training in a faster and more efficient manner.

Walter Da Costa, Tecnam Global Sales and Marketing Director said: “We are so proud to partner with the “Anhui Lantian International Flight Academy”. ALIFA have a well-earned reputation for delivering flight training to an exceptional standard and we are honoured to be key partner in the future development of China’s next-generation of commercial airline pilots”

More info on P2010 SEP four seater:
https://www.tecnam.com/aircraft/p2010/

More info on P2006T SEP four seater:
https://www.tecnam.com/aircraft/p2006t/



About Anhui Lantian International Flight Training School (Website in development):

https://mp.weixin.qq.com/s/lqg2kMVmsciy10uJgcmJtg



About LUSY

Liaoning United-Air Shenyan Aircrfat Company (LUSY) was established in 2014 by Mr. Bai Yang who is a well-known business magnate in China and the CEO of the Liaoning Pacific Group. On behalf of TECNAM, LUSY produces the twin P2006T the single engine four seater P2010 and the P2008JC two seater. The manufacturing line has the capacity to build 60 aircraft per year involving both single and twin engine to support the market needs. Further, LUSY has involved with AIRBUS Helicopters operating EC130, EC135 and EC155 for surveillance purpose and police training. LUSY also holds 145 maintenance center for Airbus Helicopters and now involved in obtaining 145 and 147 for fixed wing.

http://www.tecnam.cn



  1. Name of the people on the above photo:
  2. Chairman, General Manager and Chief Pilot of Guizhou, Julan Flying Club, Mr Hou.
  3. General Manager of LUSY, Ms Guo Jing.
  4. Global Sales & Marketing Director of Tecnam, Mr Walter Da Costa.
  5. COO of Tecnam, Mr Giovanni Pascale.
  6. Chairman of Anhui Lantian International Flight Training School, Mr Xie Chungui.
  7. Head of CAAC Northeast Regulatory agency, Mr Hou.