The Bombardier team has announced a significant milestone in its financial journey. Moody’s upgraded Bombardier’s credit rating from B1 to Ba3, accompanied by a positive outlook. This upgrade marks the company’s return to the Ba/BB credit rating category, a status it has not held for over ten years.
Bombardier’s Financial Performance and Future Outlook
This upgrade reflects Bombardier’s dedication to robust execution across different business segments. Over the years, the company has demonstrated solid financial performance and disciplined deleveraging practices. The presence of a strong backlog enhances visibility for future deliveries while enabling continued expansion in services and defense sectors.
Acknowledgment of Team Efforts
The announcement included heartfelt appreciation from Bombardier’s leadership. The commitment and dedication of the Bombardier team play a crucial role in achieving these milestones.
About Bombardier
- Industry leader in aircraft design, building, modification, and maintenance.
- Serves a diverse clientele, including businesses, governments, and military organizations.
- Focus on exceeding standards while anticipating customer needs.
- Operates a fleet of over 5,100 aircraft across a global service network.
- Manufactures jets in Canada, the United States, and Mexico.
Awards and Recognitions
In 2024, Bombardier received the “Red Dot: Best of the Best” award for its excellence in branding and communication design. This recognition signifies the company’s commitment to pioneering future aviation innovations.
Commitment to Sustainability
Bombardier is actively working towards sustainability initiatives. The company aims to cover all flight operations with a Sustainable Aviation Fuel (SAF) blend, utilizing the Book-and-Claim system.
Contact Information
For further corporate updates and sustainability reports, visit El-Balad. The company encourages engagement through its official channels on social media, including X @Bombardier.
This transformation in credit rating and dedication to innovation underlines Bombardier’s resilient approach in the aviation industry.
