Aerospace company Bombardier: A timeline

MONTREAL -- It was once one of Quebec's corporate darlings whose ambitions reached the skies. But in recent years, Bombardier has hit waves of turbulence.

See Full Article

Here's a timeline that charts Bombardier's growth from a small snowmobile business to Canada's largest aerospace manufacturer, including recent struggles to sell its signature CSeries passenger planes:

1937: Joseph-Armand Bombardier launches the seven-passenger B7 snowmobile.

1942: Bombardier founds L'Auto-Niege Bombardier Limitee to manufacture the 12-passenger B12 snowmobile.

1959: The world-famous Ski-Doo is launched.

1966: Laurent Beaudoin, Bombardier's son-in-law, becomes the company's president.

1969: The company goes public with listings on the Montreal and Toronto Stock Exchanges.

1970: Bombardier buys Lohnerwerke, a manufacturer of motor scooters and trams in Vienna, Austria. The acquisition is Bombardier's first outside Canada and marks its first foray into the railway business.

1974: The company lands a deal to manufacture 423 subway cars for Montreal, its first mass transit contract.

1986: Bombardier takes to the skies, buying Canadair, maker of the Challenger business jets.

1988: Sea-Doo watercraft are launched.

1999: Robert Brown named president and CEO, succeeding Beaudoin, who becomes executive chairman of the board and executive committee.

2008: CSeries is launched. German airline Lufthansa signs a letter of interest for up to 60 aircraft.

2010: Concerns begin to crop up over delays with the CSeries jets.

2013: Maiden test flight for CSeries aircraft.

Bombardier's CS100 takes off from Montreal

Feb. 12, 2015: Laurent Beaudoin's son, Pierre, steps down as CEO, handing over the reins to Alain Bellemare as Bombardier copes with mounting cost overruns for the CSeries.

Oct. 29, 2015: Quebec announces US$1 billion in support for Bombardier.

Bombardier president and CEO Alain Bellemare

Jan. 27, 2016: Shares in Bombardier close below US$1 on the TSX for the first time in 25 years



Advertisements

Latest Economic News

  • Donald Trump on jobs of the future LIVE

    Economic CBC News
    Rohingya Muslims fleeing Myanmar describe military's violence and killings 2:50 Rohingya Muslims fleeing Myanmar describe how they faced violence and killings by the Burmese military, prompting thousands of them to flee to neighboring Bangladesh. Source
  • Ontario has lost 1,000 planned rental units since new housing rules introduced:report

    Economic CTV News
    TORONTO -- A group representing Ontario's rental-housing providers says at least 1,000 planned rental units have been cancelled or converted to condominiums since the provincial government introduced new rent control rules in the spring. A new report commissioned by the Federation of Rental-Housing Providers of Ontario says the Liberal government's Fair Housing Plan has negatively impacted the province's rental housing supply. Source
  • Cenovus sells Suffield for $416M to International Petroleum

    Economic CBC News
    Canada's Cenovus Energy Inc has reached an agreement to sell its Suffield oil and gas assets for $512 million to International Petroleum Corp, striking its second deal this month as it pushes ahead with its debt reduction plan. Source
  • Ikea readies its first East Coast store, touted as Canada's most sustainable

    Economic CTV News
    HALIFAX - Ikea is getting ready to officially open its first Atlantic Canadian store this week as thousands from across the region are expected to descend upon the popular Swedish furniture chain's new Halifax-area location. Source
  • Striking GM CAMI workers awaiting response to weekend contract proposal

    Economic CTV News
    TORONTO -- The union representing 2,500 striking workers at GM Canada's CAMI assembly plant in Ingersoll, Ont., says the company has yet to respond to a comprehensive proposal put forward on the weekend. Unifor spokesman Mike Van Boekel says he expects it will take General Motors of Canada, which owns the plant, about a day to analyze the costs of the proposal. Source
  • Trudeau urges Canadian companies to seek fortune in China's $5 trillion market

    Economic CTV News
    TORONTO -- Prime Minister Justin Trudeau is urging Canadian small- and medium-sized businesses to look beyond Canada's borders and explore the US$5 trillion retail opportunity in China. Trudeau is speaking at a Toronto conference today hosted by Chinese e-Commerce giant Alibaba, with politicians from all three levels of government in attendance. Source
  • American business group says loss of free trade with U.S. would be a big concern

    Economic CTV News
    OTTAWA - A new report says potential changes to NAFTA and a loss of free trade with the United States represent the biggest concerns for a number of big American firms operating in this country. Source
  • French truck drivers block roads to protest labour changes

    Economic CTV News
    PARIS -- French truck drivers staged road blockages near fuel depots across the country Monday to protest against President Emmanuel Macron's changes to labour laws. Two major unions, CGT and FO, called a nationwide protest action because they fear the new rules Macron formally signed last week will lead to a deterioration in working conditions and ease the firing of workers. Source
  • Alibaba launching payment processing service AliPay in Canada

    Economic CBC News
    E-commerce giant Alibaba.com is launching its mobile payment service AliPay in Canada. The service allows Alibaba customers to use AliPay to easily pay Canadian merchants who sign up for the program. Alibaba is by far the most popular online sales website in China, and AliPay allows Chinese customers to buy products from abroad without any difficulties with currency conversion. Source
  • Alibaba expands payment processing service Alipay in Canada

    Economic CBC News
    E-commerce giant Alibaba.com is launching its mobile payment service AliPay in Canada. The service allows Alibaba customers to use AliPay to easily pay Canadian merchants who sign up for the program. Alibaba is by far the most popular online sales website in China, and AliPay allows Chinese customers to buy products from abroad without any difficulties with currency conversion. Source