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Bombardier Cancels Jet Republic 25 + 85opt Order  
User currently offlineYOWza From Canada, joined Jul 2005, 4891 posts, RR: 15
Posted (5 years 1 month 1 day 15 hours ago) and read 3777 times:

Yikes! This is a big loss for Bombardier. Luckily it seems to have not rocked the organization as much as I thought it might.

http://www.bombardier.com/en/corpora...ses/details?docID=0901260d800b51e7

PS TSE:BBD.B is holding strong  Wink

YOWza


12A whenever possible.
8 replies: All unread, jump to last
 
User currently offlineKhobar From United States of America, joined Mar 2006, 2379 posts, RR: 3
Reply 1, posted (5 years 1 month 1 day 14 hours ago) and read 3671 times:

Just curious, but why would the manufacturer terminate the order? Customer farting around too much or something? Seems odd.

User currently offlineCsturdiv From Australia, joined Aug 2005, 1472 posts, RR: 3
Reply 2, posted (5 years 1 month 1 day 14 hours ago) and read 3627 times:

The article didn't mention it, but the company has either shut down or is in the process of shutting down because of funding issues.


An American expat living and working in Australia
User currently offlineYOWza From Canada, joined Jul 2005, 4891 posts, RR: 15
Reply 3, posted (5 years 1 month 1 day 14 hours ago) and read 3549 times:



Quoting Khobar (Reply 1):
why would the manufacturer terminate the order?

They have recognized that JetRep is in no state to fulfill the multi-billion dollar order. This is a loss cutting move. Now they can alter production times and line and press ahead with pursuing new clients with more attractive delivery times.

Quoting Csturdiv (Reply 2):
the company has either shut down or is in the process of shutting down because of funding issues

Correct. the company is in a crisis and is all but buried.

YOWza



12A whenever possible.
User currently offlineKhobar From United States of America, joined Mar 2006, 2379 posts, RR: 3
Reply 4, posted (5 years 1 month 12 hours ago) and read 2982 times:



Quoting YOWza (Reply 3):
They have recognized that JetRep is in no state to fulfill the multi-billion dollar order. This is a loss cutting move. Now they can alter production times and line and press ahead with pursuing new clients with more attractive delivery times.

Ah, that makes sense. I hadn't thought about the schedule.

Thanks for the replies.


User currently offlineLevent From France, joined Sep 2004, 1718 posts, RR: 5
Reply 5, posted (5 years 1 month 12 hours ago) and read 2897 times:

So much for becoming a direct competitor to NetJets. JetRepublic had also attracted several executives from NetJets to work for them.

Nothing mentioned about financial issues on their website though.


User currently offlineStitch From United States of America, joined Jul 2005, 31001 posts, RR: 86
Reply 6, posted (5 years 1 month 11 hours ago) and read 2871 times:
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Been somewhat of a bad month for Bombardier, with them having to cancel a CRJ-1000 order earlier and now having to cancel a Learjet 60XR order.

User currently offlineNetjetsIntl From United States of America, joined Jul 2009, 593 posts, RR: 0
Reply 7, posted (5 years 1 month 8 hours ago) and read 2689 times:



Quoting Stitch (Reply 6):
Been somewhat of a bad month for Bombardier, with them having to cancel a CRJ-1000 order earlier and now having to cancel a Learjet 60XR order

The other business-jet manufacturers have had a bunch of cancellations as well..... is bad all around

Quoting Levent (Reply 5):
So much for becoming a direct competitor to NetJets. JetRepublic had also attracted several executives from NetJets to work for them

the Jet Republic founders definetly seemed a bit confident a few moments ago, sort of the "we're going to show everybody how its done" type of attitude...


User currently offlineAirCanadaA330 From Canada, joined Aug 2008, 294 posts, RR: 0
Reply 8, posted (5 years 4 weeks 12 hours ago) and read 2356 times:
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With Bombardier cancelling orders because airlines seem to be having hard times, does anyone think that Airbus or Boeing might start doing the same?


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