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Bombardier (TSX:BBD.B) invests in aviation Down Under

Aviation
TSX:BBD.B
27 October 2020 15:30 (EDT)
Bombardier - CEO, Eric Martel

Source: Hydro Quebec

Bombardier Aviation (BBD.B) has announced plans to establish a new service centre at Essendon Fields Airport in Melbourne, Australia.

The company’s new service centre will provide maintenance, repair, and overhaul on all Bombardier business aircraft. Specifically, customers will have service options including scheduled and unscheduled maintenance, modifications, avionics installations, and AOG support for Learjet, Challenger, and Global aircraft.

The OEM-operated service centre will also act as a 4,000 square foot parts depot and in-house fixed base operation.

Bombardier’s new facility in Melbourne will employ around 50 people, including over 40 highly skilled technicians. Overall, the service centre will increase the company’s worldwide customer support footprint by approximately 50,000 square feet.

Bombardier believes that the new facility in Australia will be a key focal point for customers, creating a gateway to the Asia-Pacific region.

The company’s Executive Vice President of Services and Support, and Corporate Strategy, Jean-Christophe Gallagher, commented on Bombardier’s expanding footprint in Australia.

“We are thrilled with the addition of the new Melbourne Service Centre, which further builds on Bombardier’s commitment to Australia and the Asia-Pacific region.

“By adding more specialised know-how and greater capacity to support more aircraft in this key location, we are providing our customers even more reasons to bring their jets home,” he said. 

Construction of the Melbourne service centre should begin sometime this year, with expectations that it will be operational in 2022. It is hoped that by this time, the Australian and global aviation industry will have recovered somewhat from the impacts of COVID-19.

Bombardier (BBD.B) is down 2.27 per cent and is trading at C$0.32 per share at 12:23pm EDT.

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