SkyWest agreement supports Bombardier turnaround plan

Today, Bombardier issued the following statement regarding SkyWest’s announcement of the early settlement of residual value guarantee agreements on 76 CRJ aircraft:

“We are very pleased to have reached this agreement with our customer and support SkyWest’s plan to continue to operate its CRJ fleet well into the future,” said Fred Cromer, President, Bombardier Commercial Aircraft.

“Being able to extinguish these future liabilities at a significant discount highlights the positive utility of the aircraft as well as Bombardier’s strong liquidity position, our proactive cash management approach and better positions us to achieve our goal of break-even free cash flow by 2018.”

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Bombardier is the world’s leading manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability North America Index. In the fiscal year ended December 31, 2015, we posted revenues of $18.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier