13 C
HomeBusinessFinanceBombardier Share Price

Bombardier Share Price

The Bombardier share price is down today after the company announced it would be selling its transportation business to Alstom for $8.2 billion. This move signals a shift in strategy for the Canadian conglomerate, which has been struggling in recent years. The sale will help reduce debt and allow Bombardier to focus on its other businesses, such as aviation.

While some investors are concerned about the future of the company without its transportation arm, others believe this could be a positive step for Bombardier. Only time will tell how this move will affect the company’s stock price in the long run.

On February 27, 2020, the Bombardier share price was $0.36 CAD. This is a decrease of $0.02 from the previous day. The company’s market capitalization is $883.78 million CAD.

The stock has a 52-week low of $0.33 and a 52-week high of $2.10. Bombardier Inc.’s stock fell to its lowest level in more than two years on Wednesday after the plane and train maker announced it would further cut production due to the coronavirus pandemic. The Montreal-based company said it would reduce production by an additional 50% compared with last year as demand for both commercial and business jets remains weak amid global travel restrictions.

Bombardier also said it would temporarily lay off about 5,000 workers in Canada and Mexico, on top of the 10,000 job cuts announced last month. The latest production cuts come as airlines around the world continue to grounded their fleets due to plummeting demand for air travel. Airlines are expected to take years to recover, which means they will likely be slow to order new planes even when travel eventually returns to normal levels.

That’s bad news for Bombardier and other aircraft manufacturers, who are already struggling with mounting debt burdens.

Bombardier Share News

Bombardier Inc. is a Canadian multinational aerospace and transportation company based in Montreal, Quebec, Canada. Bombardier was founded by Joseph-Armand Bombardier as L’Auto-Neige Bombardier Limitée (literally “The Snowmobile Bomber”) on January 29, 1942.[2] It is the largest manufacturer of both planes and trains in the world,[3][4] but has had financial troubles in recent years. In 2016, it sold its recreational products division (which included Ski-Doo snowmobiles and other leisure vehicles) to BRP Inc.

[5] The company’s share price has been volatile in recent years, but some good news came in October 2018 when the Quebec government announced it would invest $1 billion CAD (approximately $765 million USD) in the struggling company.[6] The move was seen as controversial by some, but Quebec Premier François Legault defended the decision saying that the province could not afford to let Bombardier fail.

[7] The investment seemed to pay off when, in 2019, Bombardier won a major contract to build streetcars for the Toronto Transit Commission.[8] The order was worth approximately $560 million CAD (about $428 million USD).[9]

This was a much-needed boost for the company, which had reported losses in each of the previous four years.[10] Unfortunately, 2020 has not been as kind to Bombardier.

The COVID-19 pandemic has caused a sharp decline in demand for both planes and trains,[11][12] and the company has been forced to lay off thousands of workers.[13][14] It remains to be seen how long it will take for global travel demand to recover enough for companies like Bombardier to return to profitability.

Bombardier Share Price


Does Bombardier Pay a Dividend?

Yes, Bombardier pays a dividend. As of 2019, the company has a dividend yield of 1.92%.

Who is Bombardier Owned By?

Bombardier is a Canadian multinational company that manufactures both planes and trains. It was founded in 1942 by Joseph-Armand Bombardier as a manufacturer of snowmobiles. In the 1970s, the company diversified into the production of mass transit vehicles, such as buses, light rail vehicles, and subway cars.

In 1986, Bombardier acquired Canadair, which allowed the company to enter the business jet market. Today, Bombardier is one of the world’s leading manufacturers of both planes and trains. The majority shareholder of Bombardier is Quebecor Inc., a Canadian media and telecommunications conglomerate.

Quebecor owns just over 50% of Bombardier’s shares. The Caisse de dépôt et placement du Québec, a Canadian pension fund manager, is the second largest shareholder with a nearly 30% stake in the company. The third largest shareholder is Investissement Québec, an investment arm of the Quebec government with an 8% stake in Bombardier.

What is the Future for Bombardier?

The future for Bombardier looks very promising. The company has been investing heavily in new product development and has been working hard to improve its manufacturing processes. This has resulted in a number of new products being launched in recent years, which have helped to boost sales and profitability.

Looking ahead, Bombardier is well-positioned to continue its strong performance. The commercial aircraft market is expected to see strong growth over the next few years, and Bombardier’s new C Series aircraft is well-placed to take advantage of this. Similarly, the business jet market is also forecast to grow strongly, and Bombardier’s Learjet 85 and Global 7000/8000 are both well-suited to this segment.

In addition, the company’s aftermarket businesses – which provide spare parts and maintenance services – are also expected to perform well as the global fleet of Bombardier aircraft continues to grow. Overall then, the future looks bright for Bombardier. The company is continuing to invest in new products and technologies, which should enable it to capitalize on the strong growth forecast for both the commercial aviation and business jet markets.

What Does Bombardier Do Now?

Bombardier is a Canadian company that manufactures airplanes and trains. It is headquartered in Montreal, Quebec. The company was founded in 1942 by Joseph-Armand Bombardier as a manufacturer of snowmobiles.

In the 1960s, it diversified into the production of other motorized vehicles, such as Ski-Doos (a brand of snowmobile). In 1986, it entered the aircraft market with the launch of its Challenger business jet. In 1989, it acquired Canadair, which allowed it to enter the commercial aircraft market with its CRJ regional jets.

Today, Bombardier is a leading manufacturer of both planes and trains.

Why is Bombardier (TSX: BBD.B) buzzing on the charts?


The Bombardier share price is down today after the company announced it would be selling its aviation business to a consortium led by Mitsubishi Heavy Industries for $5.6 billion. The move comes as Bombardier looks to focus on its rail business and reduce debt. The sale includes the C Series jet program, which has been plagued by cost overruns and delays.

Despite this, the C Series is considered a promising aircraft with advanced features and fuel efficiency. The deal is expected to close in the first half of 2020.

Previous article
Next article

latest articles

explore more

Related Article

The Green Rush: How Sustainability is Changing the Business Landscape

How Sustainability is Changing the Business Landscape? It's no secret that our planet is facing unprecedented environmental challenges. Climate change, deforestation, and resource depletion...

The Metaverse: The Future of Business Innovation and Expansion

Have you ever wondered what The Future of Business Innovation could look like? If so, you're not alone. The concept of the metaverse has...

50 Cc Dirt Bike

A 50 cc dirt bike is a great choice for anyone looking...