Bombardier Decides not to Proceed Further With Fairchild Dornier.Business Editors MONTREAL--(BUSINESS WIRE)--June 18, 2002 Bombardier (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BBD BBD In currencies, this is the abbreviation for the Barbados Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. .A.TO) (TSX:BBD.B.TO) announced today that its technical, commercial and financial review of Fairchild Dornier's 728/928 aircraft programs is now completed. Bombardier's conclusion is not to proceed any further. Bombardier appreciated the professionalism, support and responsiveness shown by the German government and the Bavarian authorities as well as by Fairchild Dornier's management and employees. In addition to its technical analysis, Bombardier undertook detailed discussions with customers, suppliers and related stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. over a five-week period. However, these discussions did not achieve the results required for these programs to meet Bombardier's investments standards. Bombardier Inc., a diversified manufacturing and services company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized mo·tor·ize tr.v. mo·tor·ized, mo·tor·iz·ing, mo·tor·iz·es 1. To equip with a motor. 2. To supply with motor-driven vehicles. 3. To provide with automobiles. recreational products. It also provides financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and asset management in business areas aligned with its core expertise. Headquartered in Montreal, Canada, the Corporation has a workforce of some 80,000 people in 24 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2002 stood at $21.6 billion Cdn. Bombardier shares are traded on the Toronto, Brussels and Frankfurt stock exchanges Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. (BBD, BOM and BBDd.F). |
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