AIAC Statement: Bombardier and Air Canada

February 17, 2016

Ottawa (Ontario), February 17, 2016 –Today Bombardier announced its financial results for the year ended Dec. 31, 2015 and provided guidance for 2016. Bombardier also announced a global workforce reduction of approximately 7000 positions.

AIAC recognizes the key role that Bombardier plays in the Canadian aviation industry and the need for Bombardier to restructure its businesses. We also recognize the difficult impact that job reductions will have on employees and their families.

Also today, Bombardier and Air Canada announced the signing of a Letter of Intent (LOI) for the sale and purchase of 45 CS300 aircraft and options for 30 more CS300 aircraft. AIAC congratulates Bombardier and Air Canada on this milestone agreement for the C Series aircraft program. Air Canada is one of the 20 largest airlines in the world and the first major North American airline to endorse the C Series aircraft.

The C Series program involves over 200 suppliers in Canada and provides direct employment to over 2000 persons in Canada.

Associated Links:
Bombardier press release: Air Canada letter of intent
Bombardier press release: 2015 Financial results

About AIAC: 

AIAC is the national association representing Canada’s aerospace manufacturing and services sector.  As the world’s fifth-largest aerospace industry, Canada’s aerospace sector contributes over $29B to the economy in GDP, exports 80% of its output, and dedicates over 20% of its activity to research and development (R&D). Aerospace is responsible for the employment of 180,000 Canadians.

For Information:

Kristen VanderHoek
Director of Communications
Aerospace Industries Association of Canada
613 232-4297 x225