- Bombardier (TSX:BBD.A) is partnering with Alinghi Red Bull Racing as an official supplier just in time for the biggest race in sailing, the 37th America’s Cup, slated to kick off on Aug. 22 in Barcelona
- The deal coincides with the imminent launch of Bombardier’s Global 8000 aircraft, which will lead the industry in terms of speed and range once it hits the skies
- Bombardier designs, builds, modifies and maintains aircraft for business and defence
- Bombardier stock has added 47.44 per cent year-over-year and 74.72 per cent since 2019
Bombardier (TSX:BBD.A) is partnering with Alinghi Red Bull Racing as an official supplier just in time for the biggest race in sailing, the 37th America’s Cup, slated to kick off on Aug. 22 in Barcelona.
The deal unites the partners in a shared pursuit of going “faster, farther and better, be it over the waves or in the skies,” according to Thursday’s news release, which they will embody over the coming weeks and months with their own cutting-edge modes of transportation.
In the case of Alinghi Red Bull Racing, the Swiss team will be competing in their impressive BoatOne, supported by America’s Cup winners from 2003 and 2007, as well as the Red Bull advanced technologies unit, a key ingredient behind the brand’s seven Formula One Drivers’ Championships.
Bombardier, for its part, is preparing to launch its Global 8000 aircraft, which will become the fastest and longest-range business jet in the industry once in service. The aircraft was the first civilian model to break the speed of sound since the Concorde, and was recently named best private jet of 2024 according to Robb Report Monaco & Côte d’Azur.
Leadership insights
“We are excited to join forces with Alinghi Red Bull Racing, one of the most iconic teams in competitive sailing. Our partnership was born out of mutual respect and a likeminded approach in reaching the top of our respective fields,” Stephen McCullough, senior vice president of engineering and product development at Bombardier, said in a statement. “Our teams have much in common. All of us are dedicated to uncompromising performance. We master precision engineering and expert design, coupled with an intense drive for perpetual innovation. All of us at Bombardier are excited to add some wind to the sails of Alinghi Red Bull Racing as they reach for the very top in competitive sailing.”
“Racing sailboats like the Swiss team’s amazing BoatOne that fly above the waves on foils have more similarities with an aircraft than with how we typically imagine boats to look and move,” McCullough said. “Just like the engineers at Alinghi Red Bull Racing push the limits in boat engineering to reach the highest speeds no matter the conditions, Bombardier has been breaking records on its own turf. The Bombardier Global 7500 jet holds over 40 industry speed records and counting, including the title of the longest-range flight in business aviation of 8,225 nautical miles. Bombardier is currently preparing the entry into service of its Global 8000 jet that is taking uncompromising performance even further.”
“We at Alinghi Red Bull Racing are delighted and feel privileged to have Bombardier accompanying us in our quest for the 37th America’s Cup. Today, many of our designers have an aeronautical engineering background, so we share very much the same passion and vision with Bombardier. And we are ready to take off together!” Silvio Arrivabene, co-general manager at Alinghi Red Bull Racing, said in a statement.
“The team at Alinghi Red Bull Racing embodies passion, innovation, speed, performance, and a boldness in pushing boundaries – all of which are values that have been driving us as well in developing the best jets in business aviation,” said Jean-Christophe Gallagher, Bombardier’s executive vice president of aircraft sales and defence. “It is a true privilege to witness the performance the Alinghi Red Bull Racing team is already delivering in this fascinating comeback, and we are excited that this partnership will allow us to share our window seat view of the world of competitive sailing with everyone who loves to see as much as we do innovative engineering and design in action, including our employees, customers and other aviation fans.”
About Bombardier
Bombardier designs, builds, modifies and maintains aircraft for business and defence. Its customers operate a fleet of about 5,000 aircraft across the world with support from 10 service centres across six countries.
Bombardier stock (TSX:BBD.A) last traded at C$81.68 per share. The stock has added 47.44 per cent year-over-year and 74.72 per cent since 2019.
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(Top photo of Alinghi Red Bull Racing’s BoatOne: Alinghi Red Bull Racing)