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

  • San Francisco brewery ordered to stop making beer with CBD

    Economic CTV News
    SAN FRANCISCO -- U.S. officials have ordered a San Francisco brewery to stop producing beer containing cannabidiol, the hemp-derived extract known as CBD. The U.S. Alcohol and Tobacco Tax and Trade Bureau is allowing Black Hammer Brewing to sell the rest of the CBD beer it already brewed, including one called Toke Back Mountain. Source
  • Canadian auto sector observers doubt U.S. will carry through on tariff threat

    Economic CTV News
    Canadian auto industry observers are reacting with shock and disbelief to news that U.S. President Donald Trump has ordered an investigation that could result in tariffs of up to 25 per cent on auto sector imports into the United States. Source
  • Trudeau says Trump's threat of auto tariffs would hit U.S. just as hard

    Economic CTV News
    Prime Minister Justin Trudeau said he plans to tell U.S. President Donald Trump that his threat to slap tariffs of up to 25 per cent on vehicle imports would have an "incredibly negative effect" on the American economy. Source
  • Disputed Keystone XL pipeline backed by Trump is focus of court hearing

    Economic CBC News
    Trump administration attorneys were due in a Montana courtroom Thursday to defend the disputed Keystone XL oil sands pipeline against environmental groups and Native American groups that want to derail the project. The 1,800-kilometre line proposed by TransCanada Corporation was rejected in 2015 by former President Barack Obama because of its potential to exacerbate climate change. Source
  • Trump administration defends Keystone XL pipeline in court

    Economic CBC News
    Trump administration attorneys were due in a Montana courtroom Thursday to defend the disputed Keystone XL oil sands pipeline against environmental groups and Native American groups that want to derail the project. The 1,800-kilometre line proposed by TransCanada Corporation was rejected in 2015 by former President Barack Obama because of its potential to exacerbate climate change. Source
  • Facebook won't pay compensation for Cambridge Analytica case

    Economic CTV News
    BRUSSELS -- Facebook says it will not compensate users in the scandal over the misuse of their personal data by political consultancy Cambridge Analytica. The company made the statement Thursday in a list of written replies to questions by European Union lawmakers. Source
  • Canada still wants to work with China despite blocked Aecon takeover: Bains

    Economic CBC News
    Canada is still open to working with China in the future, despite killing the massive takeover of Canadian construction company Aecon Group Inc. by Chinese interests, says Innovation Minister Navdeep Bains. "I'm confident that we'll continue to work together. Source
  • McDonald's not ready to let go of plastic straws

    Economic CBC News
    McDonald's isn't ready to stop offering plastic straws, despite environmental concerns. A shareholder proposal to pressure the world's biggest hamburger chain on the matter was voted down at the company's annual meeting Thursday. The proposal by activist group SumOfUs asked for a report about the "business risks" of using plastic straws at the chain's 37,000 locations globally. Source
  • McDonald's not ready to let go of plastic straws in U.S.

    Economic CTV News
    NEW YORK -- McDonald's isn't ready to stop offering plastic straws, despite environmental concerns. A shareholder proposal to pressure the world's biggest hamburger chain on the matter was voted down at the company's annual meeting Thursday. Source
  • Trump administration explores tariffs on autos, auto parts

    Economic CTV News
    WASHINGTON -- The Trump administration launched an investigation into whether tariffs are needed on the imports of automobiles into the United States, moving swiftly as talks over the North American Free Trade Agreement have stalled. Source