News & Press https://theoac.ca/news/ Fri, 26 Apr 2024 05:47:46 GMT Thu, 11 Apr 2024 17:44:00 GMT Copyright © 2024 Ontario Aerospace Council (OAC) Shimco Earns Spot in Boeing Premier Bidder Program https://theoac.ca/news/669840/ https://theoac.ca/news/669840/

After its very first year as a Boeing  Commercial Airplanes Tier 1 supplier, Shimco has earned a spot in the prestigious Boeing Premier Bidder Program.

Cambridge, Ontario, April 11, 2024 – Shimco, an award-winning, world-wide leader in the manufacture of precision parts, gap-management solutions and metal surface treatments, has once again proven its capability of superior quality, delivery and service, being awarded a position on the coveted Boeing Premier Bidder Program, after its very first year as a Boeing Commercial Airplanes Tier 1 supplier.

This program recognizes consistently high-performing Boeing Commercial Airplanes suppliers, strengthening Boeing’s commitment to first-pass quality.

Members of the Premier Bidder Program receive visibility of upcoming bids, additional consideration in proposal evaluation and access to exclusive Boeing events.

Shimco manufactures solid and peelable shims, spacers and small machined parts for a majority of Boeing commercial airplane programs.
 
“It’s truly an honour for Shimco to earn a spot on this coveted list of Tier 1 suppliers.  Our team at Shimco made sure that Boeing, from day one, received the same level of dedication and support that all of our customers receive.  I am also extremely pleased with the level of support that the team members at Boeing provided during our onboarding process and in our first year as a direct supplier to Boeing.  That incredible level of support continues to this day”, noted Peter Voss, Shimco's CEO. Voss continued, “We look forward to more opportunities in working with Boeing, from both our expanded operations in Cambridge, Ontario and our new facility in Casablanca, Morocco.”
 
Shimco joins approximately 130 suppliers around the globe that have met or sustained the high-quality, delivery and performance criteria for inclusion in the Premier Bidder Program.

 

About Shimco


Shimco is an award-winning, world-leader in the manufacture of high-precision standard and custom aerospace-grade shims, shim materials, precision machined parts, metal surface treatments and wireless sensors for the DPHM market space. Serving the OEM, Tier 1, Tier 2 and MRO aerospace, space and defense markets, Shimco is the #1 aerospace gap management solutions supplier in Canada and Latin America and soon to be the only best-cost supplier of these parts in Europe. A majority of the world’s aerospace OEMs and Tier 1 suppliers buy from Shimco.
 
Our commitment to quality, on-time delivery, lean manufacturing, our employees, customer support, the environment, ethical business practices, local and national community support and financial strength is unparalleled. Shimco is AS9100D certified, Canadian Controlled Goods registered (ITAR compliant), Joint Certification Program registered and Nadcap®accredited.
 
Canadian Headquarters are in a state-of-the-art manufacturing facility in Cambridge, Ontario, and in a new production facility in Casablanca, Morocco (2025).
 
Visit: www.shimco.com

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Industry News Thu, 11 Apr 2024 18:44:00 GMT
Our North, Strong and Free: A Renewed Vision for Canada’s Defence https://theoac.ca/news/669548/ https://theoac.ca/news/669548/

 

Backgrounder


Today, Prime Minister Justin Trudeau and Defence Minister Bill Blair released Our North, Strong and Free – a defence policy update that responds to the significant global shifts we have witnessed since Canada’s comprehensive defence policy, Strong, Secure, Engaged, was announced in 2017. It is an investment in Canada, Canadians and our shared values, security, and sovereignty.

The most urgent and important task we face is asserting Canada’s sovereignty in the Arctic and northern regions, where the changing physical and geopolitical landscapes have created new threats and vulnerabilities to Canada and Canadians. This includes the need to upgrade our continental defences to threats or defeat them when necessary.

Today, the Prime Minister and Minister Blair announced Canada’s vision and its plan to defend Canadians in this new global environment. The new defence policy sets out to address two core objectives: strengthen the foundations of the CAF and acquire new capabilities to deal with new threats.

To deliver on our renewed vision for defence outlined in the policy, we need to provide the members of the Canadian Armed Forces (CAF) with the tools, equipment, and training they need to keep Canada and Canadians safe in an increasingly unpredictable world, and to support them on the home front.

The new investments in Our North, Strong and Free will ensure that Canada can deliver on this vision. Defence investments in Budget 2024 are expected to bring Canada’s defence spending-to-GDP ratio to 1.76% by 2029-30, a significant step forward in our efforts to reach the NATO commitment of 2% to which we agreed at the Vilnius Summit in 2023. The initiatives under this defence policy also put Canada on track to exceed NATO’s target of 20% for major equipment expenditures as a proportion of defence funding.

Canada will invest $8.1 billion over the next five years, and $73 billion over the next 20 years, in our national defence over six major themes to:

  • support our people;
  • strengthen our foundations;
  • build an innovative industrial base;
  • defend Canada;
  • defend North America;
  • and defend Canada’s global interests and values.

 

Supporting Our People

 

Supporting CAF Members and Families

  • $295 million over 20 years to establish a CAF housing strategy, build new housing, and rehabilitate existing housing so CAF members have safe and affordable places to call home where they and their families are posted.
  • $497 million over 20 years to accelerate development of an electronic health record platform to improve the continuity of care as CAF members move between provinces and territories.
    $100 million over five years to improve childcare access for CAF personnel on bases across Canada.


Reforming Personnel Management Policies

  • We will explore adjusting personnel policies related to compensation and benefits, human resources, leave, and other supports for work-life balance for those in uniform. Our current framework was put in place decades ago and does not address the expectations and realities of today’s members.


Strengthening our Foundation

 

Maintaining and Renewing National Defence Infrastructure

  • Investing $10.2 billion over 20 years in current and new infrastructure to support the required tempo of training, operations, and day-to-day military activities. These investments will range from asset maintenance and repair to other improvements to military facilities, such as piers and runways.

Civilian Capacity

  • $1.8 billion over 20 years to increase the number of civilian specialists in priority areas to accelerate and improve the purchase of new equipment, recruit, and train new soldiers, and upgrade our infrastructure, among others.


Building an Innovative Defence Industrial Base


Sustaining Military Equipment

  • $9.0 billion over 20 years to sustain military equipment under the National Procurement Program to ensure the CAF can continue to receive the critical updates necessary to preserve its ability deploy on operations.

Ammunition Supply and Production

  • $9.5 billion over 20 years to accelerate the establishment of new artillery ammunition production capacity in Canada and invest in a strategic supply of ammunition. Artillery ammunition is becoming increasingly difficult to procure abroad – and this production capacity will help meet the ammunition demands of Canada and our closest allies while creating skilled jobs for Canadian workers for the long term and generating economic benefits for Canadian communities. The CAF will also establish a greater strategic reserve of battle-decisive munitions. Canada needs adequate stockpiles of munitions to meet its defence and security commitments during a crisis or conflict, and industry needs clarity from government about future acquisitions to set up production lines. This production line will also help replenish CAF ammunition previously donated to Ukraine.

NATO Innovation Fund

  • $107 million over 20 years for Canada’s participation in the newly established NATO Innovation Fund, which will offer additional funding streams for innovative Canadian entrepreneurs. The Fund is the world’s first defence-focused multi-sovereign venture capital fund, providing investment in start-up firms developing dual-use, emerging and disruptive technologies critical to our defence.

 

Defending Canada


Specialized Maritime Sensors

  • $1.4 billion over 20 years to acquire specialized maritime sensors to conduct ocean surveillance. They will be used to monitor Canada’s maritime approaches, including in the Arctic and North, and will be a critical component of the CAFs’ ability to defend Canada from a growing range and sophistication of underwater threats including vessel-launched missiles, underwater systems, ships, and submarines.

Satellite Ground Station

  • $222 million over 20 years to build a new satellite ground station in the Arctic. This ground station will improve our ability to detect, deter and respond to malign activities and to communicate those threats quickly with our most trusted partners.

Tactical Helicopters

  • $18.4 billion over 20 years to acquire a more modern, mobile, and effective tactical helicopter capability. It will provide the CAF with the speed and airlift capacity to assert Canada’s sovereignty and respond to natural disasters and emergencies throughout the country.

Northern Operational Support Hubs

  • $218 million over 20 years for Northern Operational Support Hubs. These will better ensure Canadian sovereignty by establishing a greater year-round presence across the Arctic and the North, and investing in multi-use infrastructure that also meets the needs of the territories, Indigenous peoples, and Northern communities.

Enhancing Canada’s Intelligence and Cyber Operations

  • $2.8 billion over 20 years to stand up a joint Canadian cyber operations capability with the Communications Security Establishment, integrating the unique strengths of each organization into a unified team that will conduct active cyber operations in support of Canadian interests.

Renew and Expand Submarine Fleet

  • We will explore options for renewing and expanding our submarine fleet to enable the Royal Canadian Navy to project a persistent deterrent on all three coasts, with under-ice capable, conventionally powered submarines.

All-terrain Vehicles for Arctic Mobility

  • We will explore options to acquire new vehicles adapted to ice, snow, and tundra. These versatile, all-terrain vehicles would be able to operate effectively in all Arctic terrains and climate conditions. These vehicles would allow the military to maintain awareness in remote regions and along Canada’s entire coastline, and better respond to unauthorized activity.

Enable Arctic and Offshore Patrol Vessels to Operate Helicopters

  • We will explore options for enabling our Arctic and Offshore Patrol Vessels to embark and operate our maritime helicopters at sea.

 

Defending North America


Airborne Early Warning Aircraft

  • $307 million over 20 years for airborne early warning aircraft that will vastly improve Canada’s ability to detect, track and prioritize airborne threats sooner, and respond faster, and to better coordinate our response with the United States when required. They will allow Canada to continue making meaningful contributions to NORAD while also supporting allies and partners globally.

Long-Range Land Missiles

  • $2.7 billion over 20 years to acquire long-range missile capabilities to enable our forces to deter threats to Canada from an appropriate distance and reach targets at greater ranges than our adversaries in combat.

Contribution to Integrated Air and Missile Defence

  • We will explore options to ensure our new airborne early warning and control aircraft and previously announced platforms such as such as the Canadian Surface Combatants can contribute to efforts with our allies to defeat new missiles that move faster and in more unpredictable patterns.

Ground Based Air Defences to Defend Critical Infrastructure

  • We will explore options for acquiring ground-based air defences to defend critical infrastructure from a diverse array of incoming airborne attacks, including drones, missiles, and artillery.

Long-Range Air and Sea Missiles

  • We will explore options to acquire long-range air- and sea-launched missiles to enable our forces to deter threats to Canada from an appropriate distance and reach targets at greater ranges than our adversaries in combat.

 

Defending Canada’s Global Interests and Values


Sustaining Naval Vessels

  • $9.9 billion over 20 years to improve the sustainment of our naval fleets. This will include extending the life of the Halifax-class frigates and preserving the Royal Canadian Navy’s interim at-sea replenishment capability. These investments will help Canada maintain a globally deployable naval fleet capable of supporting NATO and engaging in operations, exercises, training, and defence diplomacy with key allies and partners, among other activities.

Worldwide Satellite Communications

  • $5.5 billion over 20 years to acquire a comprehensive worldwide satellite communication capability. Working with our allies, we will jointly develop updated access to the satellite constellations that enable the military to operate effectively around the world, including by better defending its communications against jamming or disruptions by adversaries while deployed.

Modern Artillery Capabilities

  • We will explore options for modernizing our artillery capabilities, which will significantly improve the protection of our deployed personnel by providing them with the capacity to strike enemy positions from farther away and in a greater number of directions.

Upgrade or Replace Main Battle Tanks

  • We will explore options for upgrading or replacing our main battle tanks, which continue to have a decisive effect on the modern battlefield and remain key to conducting land operations against conventional militaries with advanced capabilities.

Upgrade or Replace Light Armoured Vehicles

  • We will explore options for upgrading or replacing our light armoured vehicle fleet and establishing a production program to replenish our fleet while also enabling industry to invest in a sustainable defence production capacity to support Canada and our NATO allies.
    Surveillance and Strike Drones and Counter-Drone Capabilities
    We will explore options for acquiring a suite of surveillance and strike drones and counter-drone capabilities.

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Announcement Mon, 8 Apr 2024 21:54:00 GMT
Season's Greetings https://theoac.ca/news/660715/ https://theoac.ca/news/660715/ ]]> Announcement Mon, 18 Dec 2023 16:59:00 GMT Ontario Aerospace Council appoints Natasha Gagnon as CEO https://theoac.ca/news/659460/ https://theoac.ca/news/659460/ Ontario Aerospace Council appoints Natasha Gagnon as CEO

New leader to focus on advocacy, member services and increased industry collaboration

Toronto, Ontario, December 4, 2023 – The Ontario Aerospace Council announced today that Natasha Gagnon has been named as the organization’s new chief executive officer, succeeding the late Moira Harvey. Gagnon had been serving as interim CEO since Harvey’s passing in March 2023. After reviewing the credentials of multiple applicants, Gagnon was selected by OAC’s board of directors to lead the organization.

“Natasha Gagnon has served the OAC and its members with distinction since joining the organization almost eight years ago and especially as interim CEO in recent months,” said Dwayne Charette, OAC board chair, as well as president and chief operating officer of Airbus Helicopters Canada. “The executive committee applauds her dedication and recognizes her vision for building on the OAC’s strengths as our new CEO. The aerospace industry faces unprecedented challenges to meet ambitious sustainability goals, increase competitiveness through innovation, plus attract and retain diverse talent. Natasha has an innate appreciation for how to address these challenges here in Ontario.”

As CEO, Gagnon’s responsibilities include defining and executing the organization’s vision, mission and strategic plan; managing operations and programming; building and nurturing stakeholder relationships across industry, government and academia; developing and maintaining a diverse membership ecosystem; identifying new business opportunities and partnerships; and serving as a spokesperson at trade shows, conferences and other venues.

“I sincerely thank the OAC’s board of directors for this vote of confidence to lead our association as we continue to evolve the organization in service to our members,” said Gagnon of her appointment. “I am honoured as CEO to offer a voice that is united with partners across industry. Our programming will serve the needs of our membership while we work with government at all levels to maximize our competitiveness in an increasingly global industry. We’ll do this by clearly articulating our perspective with policymakers to reinforce our position as a regional powerhouse with global influence.”

Natasha Gagnon joined the OAC in February 2016 as manager for special projects. In subsequent years, she earned promotions to senior manager and then vice president, assuming additional responsibilities relating to operations, as well as program creation and execution on behalf of the organization’s membership. OAC flagship offerings now include missions to major aerospace events including the biennial Paris and Farnborough International Airshows, annual Aerospace Unplugged headliner event, Beyond the Barriers Research & Technology Days, Aero+B2BeeMatch business development platform, and the Competencies Online Advancement Skills & Training (COAST) program.

In advocating for industry, Natasha Gagnon was appointed to the Ontario Advanced Manufacturing Council tasked with providing recommendations to Ontario Minister Victor Fedeli.

Prior to joining the OAC, Natasha Gagnon held key positions in the public sector as a trade officer with UK Trade & Investment at the British Consulate-General in Montréal, and positions in the private sector both in Canada and France within the investor relations, wellness and advertising sectors. Gagnon earned her Bachelor of Social Science degree in economics from the University of Ottawa.

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Announcement Mon, 4 Dec 2023 17:00:00 GMT
Call for An Open CMMA Procurement Imperative for Canadian Aerospace and Defence https://theoac.ca/news/641532/ https://theoac.ca/news/641532/ The Ontario Aerospace Council is proud to join Canadian aerospace and defence firms to call on the federal government to ensure an open, transparent competitive Canadian Multi-Mission Aircraft (CMMA) procurement.

  • Canadian-built capability, interoperability— Canadian aerospace and defence companies already have advanced technological capabilities, the industrial footprint and record of innovation needed to create, build and maintain the next generation of multi-mission aircraft for the RCAF that are seamlessly interoperable with our global allies.
  • Jobs and economic growth—A built-in-Canada solution means supporting and adding good-paying Canadian jobs and championing domestic industrial growth for decades to come—something a sole-source foreign-built option cannot guarantee.  
  • Global market opportunities—Canadian aerospace and defence companies already compete and win on the world stage; a competitive CMMA procurement gives us the chance to innovate the next generation of multi-mission aircraft and leverage significant and growing export opportunities to global allies. 

Read our joint letter here.

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Industry News Fri, 26 May 2023 22:15:00 GMT
Bombardier Leads Industry-Wide Sustainability Efforts with Landmark Environmental Product Declaratio https://theoac.ca/news/640630/ https://theoac.ca/news/640630/ Bombardier

 Leads Industry-Wide Sustainability Efforts with Landmark
Environmental Product Declarations for Global 5500 and Global 6500
Aircraft

   • Environmental Product Declarations (EPDs) provide detailed information about each
     aircraft’s environmental footprint across its life cycle
   • Bombardier’s unique Product Sustainability and Strategy team analyzed
     environmental incidence of over 140K aircraft parts per program to create holistic
     and transparent public reports
   • Long-range Global 5500 and Global 6500 aircraft join Global 7500 and Challenger
     3500 as world’s only business jets carrying an EPD
   • Global 5500 and Global 6500 EPDs contribute to Bombardier’s long-term view EcoJet
     research platform

Montréal, May 2, 2023 – Bombardier today announced that it has completed a thorough analysis of the Global 5500 and Global 6500 in order to publish Environmental Product Declarations (EPDs) for two of its large aircraft. They join the Global 7500 aircraft and the Challenger 3500 aircraft as business aviation’s only EPD-designated jets. 

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Press Release Wed, 17 May 2023 19:38:00 GMT
OAC hosts 2023 Ontario Aerospace Dinner in Paris! https://theoac.ca/news/639384/ https://theoac.ca/news/639384/
2023 Ontario Aerospace Dinner in PARIS 

REGISTRATION NOW OPEN!

Begin your Mission to the 2023 Paris Airshow with the OAC at the Ontario Aerospace Reception & Dinner.

Our special guest for the evening will be The Honourable Victor Fedeli, Ontario Minister of Economic Development, Job Creation and Trade.

Participate in an amazing evening at the exclusive Salons Hoche Paris!

Get you tickets here! Export to Your Calendar2023-06-18
 When:Sunday, June 18th, 2023
7:30 pm Reception, 8:30 pm Dinner
 Where:LES SALONS HOCHE
9 avenue Hoche
PARIS 8ieme 75008
France

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Announcement Thu, 4 May 2023 12:51:00 GMT
DAIR-SME Innovation, Opportunities for Financing and Talent Support – Featuring Mitacs https://theoac.ca/news/637136/ https://theoac.ca/news/637136/

Free Webinar: SME Innovation, Opportunities for Financing and Talent Support – Featuring Mitacs
Sudipa Chatterjee and Ahmed Tanashi, Mitacs Advisors, will be joining DAIR to share how they can support Aerospace SMEs interested in working with universities and colleges to further innovation at their organization.

This free webinar is open to anyone; please feel free to share the registration link and details with your colleagues and network.
REGISTER NOW

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For more information about this event please contact samantha.glover@dairhub.com

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Industry News Tue, 11 Apr 2023 18:37:00 GMT
Bombardier | Investor Day 2023 Overview https://theoac.ca/news/635571/ https://theoac.ca/news/635571/ Earlier today, Bombardier held its 2023 Investor Day where the Senior Leadership Team presented an overview of the company’s solid progress and new opportunities for diversified growth, including an update of its 2025 strategic objectives to reflect strong performance and solid business fundamentals.

Key Highlights:

  1. Updated 2025 objectives reflect strong execution and confidence in business fundamentals
  2. Consistent progress on all key objectives since 2020
  3. Stronger balance sheet and robust cash generation
  4. Maintaining the leadership position in the industry
  5. Bombardier Defense set to grow to a greater than $1 billion business in the second half of the decade
  6. Aftermarket and Certified Pre-owned businesses continue to drive growth and diversification

 The link to today’s Investor Day webcast (recording), as well as the full presentation (PDF format) are available here: Bombardier | Investor Day 2023

 

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Industry News Thu, 23 Mar 2023 23:27:00 GMT
REGISTRATION NOW OPEN for OAC's R&T DAYS in March! https://theoac.ca/news/619680/ https://theoac.ca/news/619680/  📣 NEWS: REGISTRATION NOW OPEN FOR R&T DAYS!!

Get your tickets to participate in OAC's R&T Days on March 27 & 28, 2023!!! We look forward to bringing our R&T community together for a deep dive into Pathways to Net Zero 🌿

SEIZE OPPORTUNITIES to exhibit in the Trade Show and Sponsor the event TODAY!

➡️ Full event details HERE: RTDAYS2023

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Announcement Tue, 18 Oct 2022 23:12:00 GMT
Bombardier Covers the Totality of its Flight Operations with SAF through a Landmark Agreement https://theoac.ca/news/619676/ https://theoac.ca/news/619676/ Today, October 18, 2022, Bombardier and Signature Aviation announced that they have reached a multi-year agreement for the purchase of sustainable aviation fuel (SAF), utilizing the Book and Claim system, covering all of Bombardier’s flight operations starting in January 2023. The agreement is the first of this scope for a business aviation original equipment manufacturer (OEM).

READ THE FULL PRESS RELEASE HERE

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Press Release Tue, 18 Oct 2022 23:04:00 GMT
Bombardier News: Grand opening of their newly transformed Singapore Service Centre https://theoac.ca/news/610371/ https://theoac.ca/news/610371/ Bombardier Inaugurates Quadruple-sized Singapore Service Centre, the Largest OEM business aviation facility in Asia Pacific

• Massive expansion includes a complete suite of maintenance and modification capabilities with enhanced full-service interior finishing capacity, including a brand-new environmentally-controlled paint facility and 24/7 parts depot
• Additional features include essential amenities such as exceptional customer office and lounge facilities and ground handling services
• With sustainability at its core, the new LEED Silver certified facility includes new solar panel installations, electric vehicle charging and Sustainable Aviation Fuel (SAF) availability

Singapore, June 30, 2022 – Bombardier today announced the grand opening of its newly transformed Singapore Service Centre, the largest OEM business aviation maintenance facility in Asia Pacific. A key jewel of the next major investments in Bombardier’s growing worldwide customer service footprint, the newly expanded facility features substantially enhanced service capabilities for its growing fleet of Learjet, Challenger and Global aircraft operators. The facility will also accommodate Bombardier’s newly launched Global 8000 business jet when it enters into service in 2025.

Located at the growing Seletar Aerospace Park, the Singapore Service Centre, which opened in 2014, has more than quadrupled its current footprint from 70,000 sq. ft. (6,500 m2 ) to approximately 290,000 sq. ft. (27,000 m2 ). The massive expansion introduces exceptional new customer facilities for business jet operators, including a full-service, environmentally-controlled paint facility, advanced interior finishing capabilities, with key support functions, such as engineering, sales and customer support and an expanded portfolio of component, repair and overhaul (CR&O) services. This also includes the option for Global aircraft customers to lease BR710 engines from Rolls Royce stored on site, significantly reducing downtime and costs.

The expansion also adds sought-after new heavy structural and composite repair capabilities as well as an integrated parts depot that will serve the site and the region, adding more than US$15 million in additional parts inventory. The expanded Singapore Service Centre is expected to support more than 2,000 business jet visits annually.

“With this major expansion, the Singapore Service Centre will provide infinite benefits, including quicker aircraft turnarounds, greater convenience and peace of mind to Bombardier’s growing customer base in Asia,” said Jean-Christophe Gallagher, Executive Vice President, Services and Support, and Corporate Strategy, Bombardier. “Customers can also enjoy access to the complete range of OEM customer 2 service and support at their doorstep. This is truly a special day for Bombardier and our growing aftermarket network.”

Bombardier’s steadfast commitment to an environmentally respectful approach to its design and project development is an essential part of the newly transformed Singapore Service Centre. Bombardier has installed solar panels on the facility’s roofs as well as its carpark structures to reduce energy consumption, which translates to 15% of the site’s annual electricity demand.

Other important green initiatives include the use of building management systems, insulation, LED lighting, low flow plumbing fixtures and automated water reticulation for improved water conservation and enhanced energy efficiency. The building design also achieved Singapore’s Green Mark Gold and the U.S. Green Building Council (USGBC) Silver LEED Green Building certifications. And while the reduction in energy, water and material resource usage reduces environmental impact, it also enhances indoor environmental quality for better health and well-being of customers and employees while delivering highly efficient, responsible operations. 

Bombardier has also received its first batch of Sustainable Aviation Fuel (SAF) from its partner, Shell Aviation, offering business aviation operators an environmentally-friendly fuel option at Seletar Airport – building on Bombardier’s commitment reduce the environmental footprint of business aviation worldwide.

This impressive expansion also highlights the addition of Jetex’s world-class FBO and ground handling system at the facility. This outstanding FBO provides operators and passengers with seamless service from arrival to departure as part of Bombardier’s commitment to offering an exceptional customer experience.

The development of the Singapore Service Centre is a shining example of how Bombardier is enhancing the accessibility of its OEM expertise for customers worldwide and redefining its position as a leader in aftermarket services in Asia Pacific, a pivotal part of its growing global network. Other important expansions include new service facilities at Miami-Opa Locka Executive Airport and in Melbourne, Australia; expanded service capabilities at the London Service Centre at Biggin Hill airport; the continued development of a service facility in Berlin, Germany; and new products and services for customers, including important innovations in Bombardier’s customer service digital transformation.

The Singapore Service Centre currently employs more than 200 staff, including more than 160 licensed engineers and technicians and is in process of adding more than 50 additional staff. Bombardier also recently introduced a new apprenticeship program in Singapore to ensure a strong grassroots aerospace pipeline is firmly in place, training the engineering professionals of tomorrow.

The expansion of the Singapore Service Centre illustrates Bombardier’s comprehensive global customer service commitment to provide the best customer service experience in business aviation today.

About Bombardier

Bombardier is a global leader in aviation, focused on designing, manufacturing, and servicing the world's most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance, and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. Bombardier aircraft are also trusted around the world in special-mission roles.

Headquartered in Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China, and an Australian facility opening in 2022.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com. Follow us on Twitter @Bombardier.

Bombardier, Learjet, Challenger, Global and Global 8000 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

For information
Matthew Nicholls Bombardier
+1 514-243-8214
Matthew.Nicholls@aero.bombardier.com

Visuals of the expanded Singapore Service Centre are available here.

Download PDF version (English).

Download PDF version (French).

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Press Release Fri, 1 Jul 2022 17:11:00 GMT
$7 Million Investment for Firan Technology Group https://theoac.ca/news/611056/ https://theoac.ca/news/611056/ On Thursday, June 30, 2022, the Federal Economic Development Agency for Southern Ontario (FedDev) announced a $7-million Government of Canada investment for Firan Technology Group (FTG) to green its operations, enhance productivity, and expand offerings.

 

 

Pictured above is Brad Bourne, CEO of FTG, and Shaun Chen, the MP for Scarborough North.

 

This FedDev Ontario investment, delivered through the Aerospace Regional Recovery Initiative (ARRI), will allow FTG, a Scarborough-based aerospace supplier, to improve cybersecurity and develop new products and services. With this support, FTG will also invest in automation equipment to improve efficiency and reduce its environmental footprint by reducing waste, conserving energy and reducing water consumption. This project will help maintain and create close to 300 jobs.

 

FedDev Ontario is working to ensure businesses, organizations and communities across southern Ontario have the support they need to build resiliency, seize new opportunities for growth and foster a stronger, more diverse, inclusive and more competitive southern Ontario. This includes making targeted investments to support communities and promote economic recovery and growth through our programs.   

 

To read this article in French, click here.

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Industry News Fri, 1 Jul 2022 15:41:00 GMT
NEWS: Dwayne Charette elected Ontario Aerospace Council board chair https://theoac.ca/news/609009/ https://theoac.ca/news/609009/ FOR IMMEDIATE RELEASE

Dwayne Charette elected Ontario Aerospace Council board chair

New chair succeeds veteran aerospace executive Todd Young

Pickering, Ontario, June 20, 2022 – The Ontario Aerospace Council announced today that Dwayne Charette, president and chief operating officer of Airbus Helicopters Canada, was elected board chair and assumed the role on May 27. His responsibilities include chairing OAC executive committee and board of directors’ meetings, providing oversight of organizational operations, as well as advocating for Ontario’s aerospace industry within the province, at the federal level and globally.

“I am honoured to be elected Ontario Aerospace Council board chair at such a pivotal time for our members,” said Charette. “My past experience on the board, coupled with a senior leadership role within a multi-national, offers a new and unique perspective that will help achieve our goals. To that end, I am committed to working collaboratively with all our stakeholders, engaging industry and government to find a common approach to support aerospace in Ontario.”

Dwayne Charette was appointed president of Airbus Helicopters Canada on August 1, 2019, adding to his previous role of chief operating officer. As president, Charette’s responsibility was expanded to include all facets of the enterprise in Canada and he is the accountable executive for the Canadian helicopter business line. He is a member of Airbus Helicopters’ North American Executive Committee as well as the representative of Airbus Helicopters within Airbus in Canada’s senior leadership team. Charette began his career with Airbus Helicopters in 2003 and has been a member of the OAC board since 2016, including chair of the scholarship committee since 2017.

“OAC members have benefitted significantly from Dwayne Charette’s contributions since he joined the board six years ago and I look forward to his leadership as our new board chair,” said Moira Harvey, OAC’s chief executive officer. “At the same time, I pay tribute to Todd Young, who served as our chair and a board member for the past 16 years.” Young’s accomplished career in aerospace included more than three decades at Bombardier, plus three at De Havilland Aircraft of Canada. He is currently president of Young Aerospace Group Ltd.

About the OAC

Established in 1993 as a not-for-profit organization, the Ontario Aerospace Council is comprised of approximately 200 member companies, representing more than 70% of the Ontario aerospace industry employment base and spans all tiers, business activities and sizes, as well as related entities such as colleges and universities. The OAC enhances recognition of Ontario’s capabilities as a leader in global aerospace markets and builds greater expertise to assure continued prosperity. It fosters relationships between all stakeholders ­– industry, academia, researchers, governments and associations ­– to gather and share intelligence, identify and facilitate funding, as well as be an active catalyst for industry growth. Working collectively and collaboratively with members and in partnership with government (provincial and federal), the OAC defines and implements strategic member programs and initiatives in areas including technology development and adoption, networking, sales, supply chain relationships and readiness, skills enhancement and workplace training.

###

Media contact:

Moira Harvey, CEO

moira.harvey@theOAC.ca

+1-647-274-5533

 

DOWNLOAD PDF VERSION

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Press Release Mon, 20 Jun 2022 19:29:00 GMT
Bombardier Q1-2022 Financial Results https://theoac.ca/news/605265/ https://theoac.ca/news/605265/

Bombardier Reports First Quarter 2022 Results, Grows Backlog by $1.3 Billion, Meaningfully Expands Profit Margins, and Delivers Fourth Consecutive Quarterly Positive Free Cash Flow in Continued Progress T owards Long-term Objectives

  • ▪  Revenuesof$1.2billionreflectstrongaftermarketperformanceand21aircraftdeliveries,well on track towards full year guidance of more than 120 deliveries .

  • ▪  AdjustedEBITDA(1)roseto$167million,a36%year-over-yearimprovementfueledby
    Global 7500 margin expansion, execution of cost reduction plan and higher contributions from aftermarket. First quarter reported EBIT from continuing operations was $85 million.

  • ▪  Strongfreecashflow(1)generationof$173millionfromcontinuingoperationsrepresentsan improvement of $578 million year-over-year and tracks ahead of plan, driven by strong order intake, reduction in interest paid and earnings growth. Adjusted liquidity(1) stands strong at $1.8 billion. Reported cash flows from operating activities for the quarter was $217 million and net additions to PP&E and intangible assets for the quarter were $44 million. Cash and cash equivalents as at March 31, 2022 were $1.4 billion.

  • ▪  Firstquarterunitbook-to-bill(2)of2.5andbacklogroseby$1.3billionto$13.5billionsincethe beginning of 2022, a reflection of continued strong order intake.

    All amounts in this press release are in U.S. dollars, unless otherwise indicated. Amounts in tables are in millions, unless otherwise indicated.

    Montréal, May 5, 2022 Bombardier (TSX: BBD.B) announced today solid financial results for the first quarter of 2022, marked by a strong aftermarket performance, robust free cash flow generation and a growing backlog.

    “We took off quickly this year, bolstered by the positive performance from last year and sustained favourable market conditions,said Éric Martel, President and Chief Executive Officer. “Thanks to continued strong deliveries and order intake, as well as great performance of our aftermarket services, we continue to accelerate our momentum on the path towards our long -term objectives.”

First Quarter 2022 Financial Performance

With its strong portfolio of world-leading jets and an expanding service network, Bombardier is uniquely positioned to capitalize on the demand for both new jets and services. This strength supported consolidated cash generation of $173 million for the first quarter of 2022, which represents a $578 million improvement compared to the same quarter last year . “I am particularly pleased with the continued robust free cash flow generation we achieved in this quarter. This is a testament to the concerted efforts of our sales team that worked diligently to make the most of vigorous demand, and secured a very strong order intake,” Martel said. “While we are clearly tracking well to our free cash flow guidance for 2022, we are opting to take a few months to measure the impact of the current global geopolitical and market contexts to carefully assess the true size of any potential upside.”

Bombardier’s revenues from business jet sales and aftermarket services totaled $1.2 billion during the first quarter of 2022 as business jet utilization and flight hours continued to rise around the world. The company delivered a total of 21 aircraft in the first quarter of 2022. Bombardier also reported record aftermarket revenues, a ~34% improvement over the same quarter last year. The strong demand was reflected also in the 2.5 unit book-to-bill ratio and a growing backlog that rose by
$1.3 billion to $13.5 billion since the beginning of 2022.

In terms of profit, the company expanded its year-over-year adjusted EBITDA margin(3) by 420 basis points to reach 13.4%. Adjusted EBITDA(1) was at $167 million, a 36% improvement over the same quarter last year, thanks mainly to higher aftermarket revenues, incremental Global 7500 contribution and cost structure improvements. The EBIT from continuing operations was $85 million.

Major Step in Debt Reduction

During the first quarter of 2022, Bombardier completed the partial redemption of outstanding Senior Notes in the total value of $400 million, a major milestone in its deleveraging strategy. Bombardier was able to repay this debt by utilizing cash and cash equivalents generated in 2021. Continued deleveraging of the business remains a priority for Bombardier. “It is clear that we have meaningful cash generation potential ahead of us that we can continue to allocate towards debt reduction, but also significant strategic investments,” emphasized Martel.

Global 7500 Milestone

The company concluded the first quarter of 2022 with a landmark achievement for the industry flagship Global 7500. On March 30, 2022 it delivered the 100th Global 7500 to long-time client VistaJet. This is the 10th Global 7500 for VistaJet, which plans to welcome up to a total of 17 into its fleet by the end of 2022. “This delivery represented an extremely important moment for all of us at Bombardier, in Montréal, Toronto and Wichita, where our extraordinary teams are designing, building and testing this amazing aircraft,” said Martel. “We also celebrated the fact that we have now reached our targeted unit cost for this aircraft, which has been rapidly growing its EBITDA contribution over the last year and will see its margins more than double between 2021 and 2025.”

About Bombardier

Bombardier is a global leader in aviation, focused on designing, manufacturing and servicing the world's most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers,governments and private individuals. Bombardier aircraft are also trusted around the world in special-mission roles.

Headquartered in Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China and an Australian facility opening in 2022.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com. Follow us on Twitter @Bombardier.

Bombardier, Challenger, Global and Global 7500 are trademarks of Bombardier Inc. or its subsidiaries.

For Information

Francis Richer de La Flèche

Vice President, Financial Planning and Investor Relations, Bombardier

+1 514 855 5001 x13228

Anna Cristofaro
Manager, Communications Bombardier
+1 514 855 8678

The Management’s Discussion and Analysis (MD&A) and the Interim Consolidated Financial Statements are available at ir.bombardier.com.

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Press Release Sun, 8 May 2022 16:06:00 GMT
BURLOAK TECHNOLOGIES RECEIVES NADCAP CERTIFICATION FOR HEAT TREATMENT https://theoac.ca/news/604028/ https://theoac.ca/news/604028/ Burloak Technologies Inc., a division of Samuel, Son & Co., Limited, has announced it has been awarded Nadcap accreditation for its in-house heat treatment facility.

This accreditation demonstrates that Burloak’s heat treatment capabilities meet or exceed the aerospace industry’s standards.

Heat treatment is a specialized process that stabilizes the metallic microstructure and balances the material properties of additively manufactured components. Burloak received its accreditation after a rigorous third-party audit process.

“Our Nadcap accreditation is the result of an extensive review and performance audit designed to ensure our heat treatment processes meet the highest standards in terms of control and repeatability,” said Jason Ball, Vice President & General Manager of Burloak Technologies. “I’m so proud of our team for this achievement, which further proves the depth of capabilities we continue to build.”

Nadcap (formerly known as the National Aerospace and Defense Contractors Accreditation Program) is a worldwide cooperative program designed to continuously improve standards within the aerospace and defense industries. Nadcap certification ensures improved product quality, customer satisfaction and the implementation of best practices.

About Burloak Technologies

A leader in the additive manufacturing industry, Burloak Technologies provides engineering and design services for additive manufacturing, materials development, high precision CNC machining, post- processing and metrology. Burloak works with the most innovative companies in the space, aerospace, automotive and industrial markets to rapidly transition their most challenging part designs to be additively manufactured at scale. The Company is registered to AS9100D, ISO9001 and is Canada Controlled Goods Approved. For more information visit burloaktech.com.

About Samuel

Founded in 1855, Samuel, Son & Co., Limited, is a family-owned integrated network of metal manufacturing, processing and distribution divisions. Samuel employees provide metals, industrial products and related value-added services from locations across North America. The company leverages its industry expertise, breadth of experience and the passion of its people to help drive success for North American business – one customer at a time. For more information visit samuel.com.

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Industry News Wed, 27 Apr 2022 23:32:00 GMT
Celebrating the Delivery of VistaJet’s 10th, and Bombardier’s 100th, Global 7500 Business Jet https://theoac.ca/news/601137/ https://theoac.ca/news/601137/

Celebrating the Delivery of VistaJet’s 10th, and Bombardier’s 100th, Global 7500 Business Jet in Another Milestone for the Industry Flagship

VistaJet now owns 10% of the world’s Global 7500 fleet

  • A milestone moment: VistaJet now offers a fleet of 10 Global 7500 business jets following Bombardier’s 100th delivery of the aircraft;

  • VistaJet continues to expand its fleet globally, and now manages 10% of all the world’s Global 7500 aircraft;

  • Celebration marks the strong relationship between two pillars of business aviation who are providing unparalleled aircraft to a growing client base;

  • Bombardier’s Global 7500 expands VistaJet’s ultra-long haul fleet and reinforces its confidence in the outlook for business jet travel in 2022 and beyond.

    Montréal, March 30, 2022 VistaJet, the first and only global business aviation company, and leading aircraft manufacturer, Bombardier, celebrated a milestone delivery of the industry flagship Global 7500 aircraft.

    The celebration, taking place at Bombardier’s Laurent Beaudoin Completion Centre in Montréal on March 29, marks Bombardier’s 100th delivery of the ultra-long-range smooth-flying jet, and VistaJet’s 10th, making it the largest operator of Global 7500 aircraft in the world. The event underscores the long-time relationship between the two brands and demonstrates the success of this unparalleled business jet. VistaJet plans to welcome up to a total of 17 Global 7500 aircraft into its fleet by the end of 2022.

    Thomas Flohr, VistaJet’s Founder and Chairman comments: “We are extremely proud of this landmark moment with Bombardier, as we grow our Global 7500 fleet and meet the growing demand for ultra-long-range solutions. VistaJet is committed to a sustainable aviation future and supporting the global business industry with this expansion. Our enhanced product offering onboard the Global 7500 also guarantees that our clients, whether business or leisure travelers, are given the best and most seamless flyingexperience.WelookforwardtowelcomingmoreMembersandsupportingthebusiness world as our growing fleet of Global 7500 aircraft opens a new era for long-haul private travel.”

    Éric Martel, Bombardier’s President and Chief Executive Officer adds: “I am thrilled to celebrate the 100th delivery of the Global 7500 aircraft with our valued customer, VistaJet. VistaJet recognized early on that this aircraft would transform the business jet industry, and the enormous success of Bombardier’s Global 7500 in transforming the private aviation industry. I would like to thank our teams in Montréal, Toronto and Wichita for designing, building and testing this amazing feat of technology. It’s thanks to their talent and dedication that this aircraft has raised the bar for excellence in this sector.”

With an industry-leading range of over 7,700nm, the Bombardier Global 7500 aircraft opens up global access in long haul private travel. VistaJet’s unparalleled network gives the Global 7500 business jet the space to operate at its peak and opens an extended world of non -stop possibilities for its Members. With VistaJet, passengers can travel long-haul on the Global 7500 to 187 countries worldwide, unlocking access to 96% of the world and some of the most hard-to-reach areas in a single flight.

VistaJet’s Global 7500 fleet has already completed a number of incredible non-stop flights, including São Paulo to the Maldives (15 hours 43 minutes flight time), Los Angeles to Hong Kong (14 hours 50 minutes), St Maarten to the Seychelles (14 hours 45 minutes), Phuket to Vancouver (13 hours 50 minutes), Liège to Jakarta (13 hours 30 minutes), Honolulu to Helsinki (13 hours 30 minutes) and many from the Middle East including Abu Dhabi to Washington DC (13 hours 50 minutes), Abu Dhabi to Sydney (13 hours 30 minute flight time) and Abu Dhabi to New York (13 hours 10 minutes).

Bombardier’s Global 7500 aircraft is the first business jet with an Environmental Product Declaration, offering complete transparency on its performance. It flies at a higher altitude (up to 51,000ft) than commercial jets, where the air is thinner, thus allowing the aircraft to fly faster while burning less fuel. This aligns with VistaJet’s commitment to become the first carbon neutral business aviation company by 2025.

To virtually experience the Global 7500 business jet, click here.

Press enquiries

Jennifer Farquhar | VistaJet | press@vistajet.com
Anna Cristofaro | Bombardier | anna.cristofaro@aero.bombardier.com

About VistaJet

VistaJet is the first and only global business aviation company. On its fleet of over 80 silver and red businessjets,VistaJethasflowncorporations,governmentsandprivateclientsto187countries,covering

96% of the world.
Founded in 2004, the company pioneered an innovative business model where customers have access

toan entirefleetwhilstpayingonlyforthehourstheyfly,freeoftheresponsibilitiesandassetriskslinked toaircraftownership.VistaJet’ssignatureProgrammembershipofferscustomersabespokesubscription

of flight hours on its fleet of mid and long-range jets, to fly them anytime, anywhere.
VistaJet is part of Vista Global Holding (Vista)
— the world’s first private aviation ecosystem, integrating a unique portfolio of companies offering asset-light solutions to cover all key aspects of business aviation.

More VistaJet information and news at vistajet.com

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Press Release Mon, 4 Apr 2022 14:17:00 GMT
Canada’s only Indigenous aviation college program loses hangar, entire aircraft fleet in fire https://theoac.ca/news/597933/ https://theoac.ca/news/597933/

February 25, 2022 - On the evening of Feb. 24, the Second World War-era hangar at Mohawk Airfield, Tyendinaga Mohawk Territory, Ontario, was involved in a major structural fire and destroyed completely.


The airfield is used by the First Nations Technical Institute (FNTI) for its aviation program — the only post-secondary Indigenous aviation program of its kind in Canada. The program offers “hands-on flight training for students interested in pursuing a pilot’s license or working in the aviation industry,” according to the FNTI website.


Multiple fire departments arrived on scene at 314 Airport Road at around 11 p.m. local time on Feb. 24. Efforts to extinguish the fire continued through the night and into Friday morning.


The hangar, which was built in 1943, was made of heavy timber due to the period it was built in, and therefore burned quickly.


According to Cathie Findlay, government relations and communications director at FNTI, the entire fleet of 13 aircraft was lost in the fire — five of which were recently purchased. The aircraft maintenance operations office and equipment used to service the planes were also destroyed.


The damage is estimated to be tens of millions of dollars.


In a Facebook post, FNTI said “all staff and students were successfully evacuated from the premises and no injuries were reported.” Everyone has been accounted for.


The buildings adjacent to the hangar, which include the student residence, aviation simulator building, and Indigenous learning center, were impacted by the heat from the blaze, but no serious damage has been reported.


The nine students living in the residence building are currently being housed in a local hotel, and “all available services are being offered to the students at this time,” FNTI said in a statement.


“While this is a devastating loss to our community and it means that our program will pause temporarily, we are already looking at recovery options,” the statement continued. “FNTI would like to thank all our partners for the tremendous outpouring of support. We look forward to working with all of you to help us rebuild this program.”

Donations to FNTI can be made here.

Via Skies Mag: https://skiesmag.com/news/canadas-only-indigenous-aviation-college-program-loses-hangar-entire-aircraft-fleet-in-fire/

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News You Can Use Fri, 4 Mar 2022 16:28:00 GMT
Bombardier 2021 Financial Results and 2022 Guidance https://theoac.ca/news/595304/ https://theoac.ca/news/595304/

Bombardier Exceeds Revised 2021 Guidance, Delivers Positive Full Year Free Cash Flow, and Provides 2022 Guidance on Track Towards 2025 Objectives


  • 2021 reported revenues for the year of $6.1 billion, including business jet revenues of $6.0billion, up 7% year-over-year, driven by higher deliveries, a favorable aircraft mix and strong aftermarket performance at $1.2 billion, up 25% year-over-year.
  • 2021 adjusted EBITDA(1) rose 220% from the same period last year to $640 million, fueled by a better aircraft mix, Global 7500 aircraft learning curve progress, cost structure improvements and higher aftermarket contributions. Full year reported EBIT from continuing operations is at
    $241 million.

  • Strong free cash flow(1) generation of $100 million from continuing operations for 2021, representing an improvement of $2.0 billion year-over-year, driven by earnings growth and strong order intake. Net additions to PP&E and intangible assets from continuing operations for the full year were $232 million. Adjusted liquidity(1) stands strong at $2.1 billion; cash and cash equivalents were $1.7 billion as of December 31, 2021.
  • Full year unitbook-to-bill(2) of greater than 1.5. Diversified backlog reached $12.2 billion at year end, representing a $1.5 billion increase year-over-year and a reflection of continued strong order intake.
  • 2022 outlook(3) expected to out perform 2021 and is on track to meet 2025 objectives: the company anticipates delivering more than 120 units, exceeding $6.5 billion in revenues, increasing adjusted EBITDA by 29% compared to 2021 to greater than $825 million, increasing adjusted EBIT(1) to greater than $375 million, and achieving more than $50 million of positive free cash flow.
  • Company to provide progress update on its five-year strategic plan during a virtual Investor Day on February 24, 2022.


All amounts in this press release are in U.S. dollars unless otherwise indicated. Amounts in tables are in millions, unless otherwise indicated.



Montréal, February 10, 2022 – Bombardier (TSX: BBD.B) presented today its fourth quarter and full year 2021 results and provided 2022 guidance. In the landmark year that saw the company focus exclusively on designing, building and servicing the world’s best business jets, Bombardier reported increased revenues, a major rise in EBITDA and an increased and more diversified backlog, among other positive indicators. The positive trend is set to continue in 2022.


“The words that best sum up 2021 for Bombardier are planning, execution and prudence. Today, the word that also comes to mind is pride. Everyone at Bombardier can be proud of what we achieved as we set out to execute the plan we outlined in March 2021,” said Éric Martel, President and Chief Executive Officer, Bombardier. “Overall, the 2021 results are proof that our plan gave us both the structure and the agility to manage any outside obstacles and capitalize on a faster-than-expected industry recovery.”


Q4 and Full Year 2021 Financial Performance


In the fourth quarter, the company had six fewer deliveries for a total 38 compared to 44 from the same period last year, mainly due to a more evenly distributed delivery profile on the Global 7500 throughout the rest of the year. Resulting business jet revenues were down $0.5 billion to $1.7 billion. Adjusted EBITDA increased meaningfully from $(1) million to $232 million, driven by higher margins from business aircraft manufacturing and services, mainly due to accretive margins on the Global 7500, reflecting learning curve improvements and execution of the cost reduction plan. Free cash flow of $314 million was $48 million higher from the same period last year.

 

Business jet revenues for the full year were up 7% year-over-year at $6 billion. This was largely due to higher deliveries, a favorable aircraft mix and strong aftermarket performance at $1.2 billion, up 25% compared to last year.

  

The company reported a significant adjusted EBITDA increase, which more than tripled to $640 million. The increase is a result of a better aircraft mix, combined with the progress on the Global 7500 aircraft learning curve, but also the improvements in the cost structure and higher aftermarket contributions. The 2021 reported EBIT is at $241 million.

  

The 2021 free cash flow generation of $100 million from continuing operations represents an improvement of $2 billion year-over-year, thanks to earnings growth and a strong order intake. Net additions to PP&E and intangible assets f rom continuing operations f or the full year were $232 million. Adjusted liquidity stands strong at $2.1 billion, and cash and cash equivalents were $1.7 billion as of December 31, 2021.

  

The solid 1.53 book-to-bill ratio for the full year led to a $12.2 billion backlog, a $1.5 billion increase from the previous year. “The increased and more balanced backlog is the result of an increased demand, which, combined with healthy pricing, is giving us the predictability and resilience at exactly the right time,” said Martel.

  

Positive 2022 Outlook

  

The company also has a positive outlook in the prospect for the upcoming year, which is reflected in the guidance issued today. “In 2022, when this exceptional company celebrates its 80th anniversary, we expect to outperform the previous year in key metrics,” emphasized Martel. “While we still have much to do, we are now on firm ground and can look into the future with optimism.”

  

Revenues are expected to increase versus 2021 to greater than $6.5 billion, based on a better aircraft delivery mix, secured through a largely sold-out 2022 production, as well as a growth in our aftermarket business as flight hours continue to rise year-over-year and new aftermarket facilities come into service.

  

Adjusted EBITDA is expected to be greater than $825 million in 2022, a 29% improvement over 2021. This growth is driven by margin conversion on increased revenues, improved pricing, reaching a mature unit cost on the Global 7500, continued progress on the Corporation’s cost reduction plan, partly offset by supply chain cost increases, curtailment of eligible support programs, and unfavourable foreign exchange impacts. Adjusted EBIT is expected to be greater than $375 million.

  

Free cash flow in 2022 is expected to be greater than $50 million, including one-time payments related to residual value guarantees estimated at approximately $50 million, and net additions to PP&E and intangible assets in the range of $200 million to $300 million.

  

“Looking ahead, we are positioning ourselves to increase the number of deliveries by another 15-20% as soon as 2023, while maintaining a sharp focus on balancing longer-term production increases with the pricing environment,” added Martel.

  

Investor Day

  

Bombardier also announced today that it will host a virtual Investor Day on February 24, 2022. The Investor Day will be an opportunity f or the company to provide a progress update on its five -year strategic plan that was outlined in March 2021.

Business jet revenues for the full year were up 7% year-over-year at $6 billion. This was largely due to higher deliveries, a favorable aircraft mix and strong aftermarket performance at $1.2 billion, up 25% compared to last year.

The company reported a significant adjusted EBITDA increase, which more than tripled to $640 million. The increase is a result of a better aircraft mix, combined with the progress on the Global 7500 aircraft learning curve, but also the improvements in the cost structure and higher aftermarket contributions. The 2021 reported EBIT is at $241 million.

The 2021 free cash flow generation of $100 million from continuing operations represents an improvement of $2 billion year-over-year, thanks to earnings growth and a strong order intake. Net additions to PP&E and intangible assets f rom continuing operations f or the full year were $232 million. Adjusted liquidity stands strong at $2.1 billion, and cash and cash equivalents were $1.7 billion as of December 31, 2021.

The solid 1.53 book-to-bill ratio for the full year led to a $12.2 billion backlog, a $1.5 billion increase from the previous year. “The increased and more balanced backlog is the result of an increased demand, which, combined with healthy pricing, is giving us the predictability and resilience at exactly the right time,” said Martel.

Positive 2022 Outlook

The company also has a positive outlook in the prospect for the upcoming year, which is reflected in the guidance issued today. “In 2022, when this exceptional company celebrates its 80th anniversary, we expect to outperform the previous year in key metrics,” emphasized Martel. “While we still have much to do, we are now on firm ground and can look into the future with optimism.”

Revenues are expected to increase versus 2021 to greater than $6.5 billion, based on a better aircraft delivery mix, secured through a largely sold-out 2022 production, as well as a growth in our aftermarket business as flight hours continue to rise year-over-year and new aftermarket facilities come into service.

Adjusted EBITDA is expected to be greater than $825 million in 2022, a 29% improvement over 2021. This growth is driven by margin conversion on increased revenues, improved pricing, reaching a mature unit cost on the Global 7500, continued progress on the Corporation’s cost reduction plan, partly offset by supply chain cost increases, curtailment of eligible support programs, and unfavourable foreign exchange impacts. Adjusted EBIT is expected to be greater than $375 million.

Free cash flow in 2022 is expected to be greater than $50 million, including one-time payments related to residual value guarantees estimated at approximately $50 million, and net additions to PP&E and intangible assets in the range of $200 million to $300 million.

Looking ahead, we are positioning ourselves to increase the number of deliveries by another 15-20% as soon as 2023, while maintaining a sharp focus on balancing longer-term production increases with the pricing environment,” added Martel.

Investor Day

Bombardier also announced today that it will host a virtual Investor Day on February 24, 2022. The Investor Day will be an opportunity f or the company to provide a progress update on its five -year strategic plan that was outlined in March 2021.

About Bombardier

Bombardier is a global leader in aviation, focused on designing, manufacturing and servicing the world's most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting- edge innovation, cabin design, performance and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. Bombardier aircraft are also trusted around the world in special-mission roles.

  

Headquartered in Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China and an Australian facility opening in 2022.

  

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com. Follow us on Twitter @Bombardier.

 

Bombardier, Challenger, Global and Global 7500 are trademarks of Bombardier Inc. or its subsidiaries.

 

 

For Information

Francis Richer de La Flèche
Vice President, Financial Planning and Investor Relations, Bombardier

+1 514 982 7555

  

Anna Cristofaro
Manager, Communications, Bombardier
+1 514 855 8678

 

Download the full press release here.

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Press Release Thu, 10 Feb 2022 20:01:08 GMT
"Aerospace companies are ready for takeoff on Aero+B2BeeMatch" https://theoac.ca/news/594733/ https://theoac.ca/news/594733/ We are proud to have teamed up with an amazing partner B2BeeMatch!

Check out their latest blog describing their innovative aerospace business matchmaking technology:

"Aerospace companies are ready for takeoff on Aero+B2BeeMatch"

READ FULL BLOG HERE: https://www.blog.b2beematch.com/post/aero-b2beematch-aerospace-business-matchmaking

 

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Press Release Fri, 4 Feb 2022 22:07:45 GMT
Started By Repairing Tarpaulins, Don Fell Built A Diverse Global Manufacturing Operation https://theoac.ca/news/592832/ https://theoac.ca/news/592832/ January 12, 2022 - One of the first Hamilton entrepreneurs to take Hamilton manufacturing onto the world stage has died. Don Fell, the founder of FELLFAB, died at Hamilton General at age 85. Don Fell started his business as a teenager repairing tarpaulins, and at his death FELLFAB had grown into an international company selling products around the world from plants in Hamilton and the United States, to the aircraft industry, railways and the military. Perhaps the most visible of the FELLFAB creations was the blanket that would be seen whenever a shot of the Canada Space Arm was transmitted from outer space.

Hamilton businessman Ron Foxcroft remembered his friend from the earliest days. “He would repair our tarps for the trucks from a garage. He said, ‘our work will be perfect, and improve every job…If you pay on time!’  Foxcroft remembered his first charitable collaboration with Don Fell. “One day 30 years ago he said, ‘Fox, Junior Achievement need money…can you spend the day tomorrow with me?’ In those days Burlington Street from east to west was bustling with industry. Everybody respected Don Fell. We started at Dofasco in the morning and ended on Bay Street at 4 PM. He said, to every company, “Fox and I are not leaving without a cheque” At 4 PM we had $75,000 for Junior Achievement.”

Later they worked together co-chairing a fundraising campaign for St. Joes. Ron recalls. “When we cochaired the campaign at St. Joes, every meeting started at 7 AM. Don was very productive…he insisted we were back in our office no later than 8:30 AM.”

Don Fell’s son recalls a story that typified the attitude of businessmen of his father’s generation towards work-life balance. “When I became legal drinking age. I had the misguided fortune of celebrating turning 18 with my friends the night before a work day.  My father woke me the next morning, bright and early and said, “time for work!”  I kindly offered to defer.  There was no way, he said we are leaving, get up.  We arrived at the office at 7:30. I forgot, that day was also the Christmas holiday celebration day at work.  At 8am, a young co-worker, who knew it was my birthday offered me a holiday drink and birthday celebration.  I kindly said, “no… I will get one later!”  My father was within earshot, he turned and looked at me and I knew to take the drink.  I thanked the person for the drink and drank it.  Later my father caught up with me and said, ‘If you can play hard, you can work hard!’ That was 40yrs ago and I still remember it.  I hope I have been able to honour that standard through the years.”

From its humble beginnings repairing tarps, and making the canvas bags that newspaper carriers used to use; FELLFAB branched out into virtually any product that involved working with industrial fabrics. By the 1980’s the company was spreading its wings into international markets. During the Balkan war the company supplied 50,000 Kevlar vests to Canadian forces. A big part of the company’s businesses is manufacturing seats for planes and trains. In 2009, Fellfab Limited was one of 15 companies named Supplier of the Year by American aircraft maker Boeing. When COVID hit, Fellfab was one of the early Canadian companies to re-tool to manufacture PPE.

His obituary reads in part, “he was so looking forward to the 70th anniversary of FELLFAB next month, and his family will proudly carry on his legacy. While his business was a major focus in his life, Don was a tenacious fundraising champion for many organizations in the city of Hamilton, where he was born and raised. He believed that giving back was a privilege and was what made a city great. He supported the hospitals, the disabled, Around the Bay Road Race, the arts and countless others. He was a humble community leader, entrepreneur, mentor, innovator and philanthropist who shunned recognition, though he was very deserving.”

Recognizing Don Fell’s contribution to various fundraising efforts for St. Joseph’s Heathcare The hospital foundation issued a statement:

“We were deeply saddened to learn of Don’s passing. We feel so very fortunate to have counted Don amongst St. Joseph’s most dedicated volunteers and steadfast supporters. He served on the Board of Directors of St. Joseph’s Healthcare Foundation from 2006 – 2015 and was co-chair of our Timeless Care, Tomorrow’s Discoveries campaign, helping to raise more than $87 million for our Hospital. His commitment to St. Joe’s was honoured with a Mission Legacy Award in 2013 – it’s the highest honour bestowed by St. Joseph’s Health System. Don’s impact on our Foundation and Hospital will not be forgotten and we offer our most sincere condolences to Don’s family and friends as our community and our Foundation mourns alongside them.”

Sera Filice-Armenio, President & CEO, St. Joseph’s Healthcare Foundation

Summing up, Ron Foxcroft told the Bay Observer, “Don Fell was an amazing business man, and even more amazing person. He founded Work Able Services in Hamilton.  He started with a goal to find 100 jobs for disadvantaged people. He succeeded, as Don always set achievable goals, and never stopped until the goal was reached. Hamilton business leaders always returned phone calls from Don Fell.  He was enormously respected and admired.”

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Announcement Wed, 19 Jan 2022 00:52:09 GMT
CCAA is offering two exciting subsidy programs! https://theoac.ca/news/589877/ https://theoac.ca/news/589877/

Act now! Get up to $12,000 wage subsidy per placement!

 

The Canadian Council for Aviation and Aerospace (CCAA) is offering two exciting subsidy programs to qualifying Canadian aviation and aerospace employers. The CCAA’s Student Work Placement Program can provide up to $7,500 per student placement and the CCAA Jumpstart Program offers employers up to $12,000 in wage subsidies for each new grad they hire and provide their first meaningful work experience. Interested? ContactChidimma Ikwuetoto learn more. Hurry, spaces are limited!

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News You Can Use Mon, 13 Dec 2021 22:14:08 GMT
Bombardier Delivers 1,000 Global Business Jet into Service https://theoac.ca/news/589118/ https://theoac.ca/news/589118/

Bombardier Marks Dual Celebration – NetJets Accepts First Global 7500 Business Jet as Bombardier Delivers 1,000th Global Aircraft

  • Delivery of industry’s longest-range business jet marks the first of 20 Global 7500 aircraft to join the NetJets fleet
  • Global 7500 aircraft continues to garner significant interest from customers who value features such as the largest and most unique cabin, innovative technology, unparalleled performance and the smoothest ride

Montréal, December 2, 2021 – Bombardier announced today the delivery of the 1,000th Global aircraft. The major milestone was reached as the NetJets team led by Patrick Gallagher, President, Sales, Marketing and Services, took delivery of the private aviation company’s first Global 7500 business jet.


The addition of a Global 7500 aircraft to the NetJets fleet redefines its large-cabin, long-range offering, and elevates the choice of travel options for its international Owners. With a 7,700 nm (14,260 km) range, NetJets Owners will be able to fly from New York to Beijing or San Francisco to Sydney without refueling stops. The Global 7500 aircraft is set to be the flagship aircraft in one of the finest fleets in business aviation. The largest and quietest aircraft in the NetJets fleet, this is the first of a firm order of 20 Global 7500 aircraft, sure to transform the way Owners experience global travel.


“We take pride in operating one of the industry’s most advanced fleets, and we are delighted to accept our first Global 7500 aircraft today. The Global 7500 aircraft adds a new dimension to our long-range aircraft offerings,” said Patrick Gallagher, President, Sales, Marketing and Services, NetJets. “At a time when demand for our aircraft is at its highest, our strategy is focused on continuing to deliver solutions that meet our Owners’ needs and expectations. We anticipate our Owners will appreciate the added value the aircraft brings and know they will be thrilled to experience flight in the Global 7500 business jet.”


“The incomparable Global 7500 business jet will now delight NetJets Owners not only with its industry- leading range, but also by its unique Nuage seat, Soleil lighting system and four true living spaces. We are proud that our 1,000th Global aircraft delivery represents the first Global 7500 aircraft to join the NetJets fleet,” said Éric Martel, CEO and President, Bombardier. “This double celebration sees our flagship aircraft become NetJets’ flagship business jet, and it’s a signature moment for all of us, as we cap off a remarkable year in aviation. I want to thank the many talented team members, past and present, who have supported the Global program during the last two decades, and our dedicated customers who have enjoyed the Global experience.”

 

Both NetJets and Bombardier are committed to supporting a sustainable future. The Global 7500 aircraft boasts the first Environmental Product Declaration (EPD) for a business jet. The independently verified EPD details information about the aircraft’s environmental footprint throughout its lifecycle, and thus plays an important role in the pledge both companies have made to support the private aviation industry’s commitment to environmental sustainability.

 

The 1,000th Global delivery reflects the continued popularity, longevity and reliability of the Global family of aircraft as it remains a consistent leader in its class. In addition to setting the bar for all business jets, the unparalleled Global 7500 aircraft is also a key economic driver. On the occasion of this dual announcement, PricewaterhouseCoopers led a study of the economic footprint of the Global 7500 aircraft in Québec, Ontario and Canada. Results show that between 2010 and 2019, the Global 7500 program development contributed and facilitated a total economic footprint in Canada of $4.8 billion in GDP as well as an annual average of 3,386 full-time equivalent jobs. In addition, through its overall manufacturing activities, Bombardier is expected to contribute and facilitate $2.0 billion in GDP per year to the Canadian economy and 8,456 jobs per year on average(1).

 

Through Bombardier’s R&D investment in the Global 7500 program, knowledge, innovation and expertise is being developed, contributing to the overall strength of the Canadian aerospace ecosystem.

 

(1) Total economic impact includes direct, indirect and induced impacts.

 

About NetJets

Originally incorporated in 1964 as Executive Jet Airways, NetJets Inc. has been setting—and exceeding—industry standards for more than 55 years. Today, NetJets Inc. is proud to be a Berkshire Hathaway company known for its unwavering commitment to safety and service. It encompasses NetJets, Executive Jet Management, QS Partners, and QS Security and offers a variety of travel solutions customized to fit each Owner’s needs. This includes fractional aircraft ownership, lease and jet card options, aircraft management, private jet chartering, brokerage and acquisition services, and specialized security services. This is why so many of the world’s most discerning travelers choose NetJets Inc. generation after generation. It is also because NetJets has the largest, most diverse private jet fleet in the world, which grants anytime access to even the most remote destinations across the globe. To learn more about the leader in private aviation, visit netjets.com today.

 

About Bombardier

Bombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

 

Headquartered in Montréal, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of over 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals.

 

News and information is available at bombardier.com or follow us on Twitter @Bombardier.
Visit the Bombardier Business Aircraft website for more information on our industry-leading products and services.

 

Bombardier, Global, Global 7500, Nuage and Soleil are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

 

For Information

Marie-Andrée Charron
Bombardier
514-855-5001, ext. 26493

marie-andree.charron@aero.bombardier.com

 

KWT Global

netjets@kwtglobal.com

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Press Release Mon, 6 Dec 2021 19:15:18 GMT
Ontario Aerospace Council selects Red Dot Digital to develop Aero+B2BeeMatch platform https://theoac.ca/news/588660/ https://theoac.ca/news/588660/

Ontario Aerospace Council selects Red Dot Digital to develop Aero+B2BeeMatch platform

New global matchmaking platform to facilitate and accelerate business in aerospace and beyond

Pickering, Ontario, December 1, 2021 – The Ontario Aerospace Council announced today it has selected the B2BeeMatch platform to facilitate networking, intelligence-sharing, benchmarking, and other business development activities for the organization’s members. Under the terms of the agreement, Red Dot Digital is creating a custom platform for the global aerospace industry, called Aero+B2BeeMatch, within its B2BeeMatch ecosystem. The move is expected to accelerate the digital transformation seen across multiple sectors, including aerospace, which has been disproportionately impacted by pandemic- related factors such as record declines in commercial aviation. Aero+B2BeeMatch is scheduled to launch December 2, 2021 and will be complementary for year one to current OAC members.

Canadian aerospace is a global industry leader. Canada is the only country that ranked in the top five across civil flight simulators, civil engines, and civil aircraft sub-segments in 2020, yet global competition continues to become ever fiercer. Moreover, small and medium enterprises (SMEs) often lack the connections to make the most of their advanced manufacturing and other world-class capabilities. Aero+B2BeeMatch will leverage artificial intelligence to match businesses with each other and promote networking across other industrial clusters, thus diversifying revenue streams and facilitating the cross- border offset requirements common to the aerospace and defence industry. SMEs benefiting from increased revenues and exports are expected to be more inclined to reinvest in R&D, leading to intellectual property generation, training and upskilling, job creation, and the adoption of new technologies.

“The COVID-19 pandemic has resulted in fundamental changes to how companies communicate and collaborate, especially at a distance. Adoption of digital technology is particularly critical for SMEs looking to grow and diversify through new business and new markets,” said Natasha Gagnon, senior manager at the OAC. “The Aero+B2BeeMatch platform will be a high-tech, low-cost, 24/7 business development tool to help our companies connect with new clients, collaborate with new partners, and cross-pollinate with other sectors across Canada and beyond.”

Canada is home to approximately 580 aerospace companies, and more than 70% of these are SMEs with fewer than 100 employees. In 2020, despite being faced with the pandemic-related shutdown of the travel industry, the Canadian aerospace industry contributed $22.3 billion to the GDP and exported over 75% of its products to 186 countries across six continents. With investments of $934M in research and development in 2020, aerospace boasts a five-times-higher R&D intensity than the Canadian manufacturing average. Significantly more aerospace firms cooperated on innovation activities with academia and government than the manufacturing average.

“We are excited to add the OAC to B2BeeMatch’s roster of international partners, and to welcome the Canadian aerospace sector as well as the international aerospace sector onto the B2BeeMatch platform,” said Karima-Catherine Goundiam, founder and CEO of Red Dot Digital and B2BeeMatch. “Aerospace is one of the world’s largest and most important industries, and we look forward to opening up opportunities for small and medium aerospace businesses to do business development and networking both within and outside their sector, in over 40 countries and in two languages.”

The OAC intends to concentrate its Aero+B2BeeMatch year-one efforts on onboarding a core group of SME members, with industry champions such as Aviya Aerospace Systems, Brotech Precision CNC, Composite Automation and Coordinate Industries helping to test and promote the platform. It is anticipated that all four Canadian aerospace clusters will join, representing the nation’s industry from coast to coast to coast. Years two through five will see expansion to thousands of users in aerospace and other industries located in the rest of North and South America, as well as Europe, the Asia-Pacific, Africa, and the Middle East.

Aero+B2BeeMatch is funded in part by Next Generation Manufacturing Canada (NGen), the industry-led non-profit organization leading Canada’s Advanced Manufacturing Supercluster.

About the OAC

Established in 1993 as a not-for-profit organization, the Ontario Aerospace Council is comprised of approximately 200 member companies, representing more than 70% of the Ontario aerospace industry employment base and spanning all tiers, business activities and sizes, as well as related entities such as colleges and universities. The OAC enhances the recognition of Ontario’s capabilities as a leader in global aerospace markets and builds greater expertise to assure continued prosperity. It fosters relationships between all stakeholders—industry, academia, researchers, governments, and associations—to gather and share intelligence, identify and facilitate funding, and act as a catalyst for industry growth. Working collectively and collaboratively with members and in partnership with provincial and federal governments, the OAC defines and implements strategic member programs and initiatives in areas including technology development and adoption, networking, sales, supply chain relationships and readiness, skills enhancement and workplace training.

Media contact
Moira Harvey
moira.harvey@theOAC.ca
+1-647-274-5533

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Press Release Wed, 1 Dec 2021 16:48:52 GMT
CCAA Wage Subsidy Program https://theoac.ca/news/587676/ https://theoac.ca/news/587676/ CCAA Wage Subsidy Program

 

The CCAA is offering two exciting wage subsidy programs to qualifying Canadian aviation and aerospace employers:

The CCAA’s Student Work Placement (SWP) program helps post-secondary students get relevant work experience they need to prepare for jobs in aviation and aerospace.  Employers can receive wage subsidies of up to $7,500 per student work term placements. To learn more about SWP, please contact:

 

Gabriel Séguin

Email: gseguin@avaerocouncil.ca

Phone: 613-727-8272 ext. 236.

 

CCAA Jumpstart is a limited-time program that offers employers up to $12,000 in wage subsidies when they hire new graduates and give them their first meaningful work experience. The program is open to all new aviation and aerospace graduates, with a focus on young women and underrepresented youth. To learn more about Jumpstart, please contact:

Chidimma ikwueto

Email: cikwueto@avaerocouncil.ca

Phone: 613-727-8277 ext. 255

 

Important! CCAA Jumpstart has only 50 placements remaining for this year!

Placements are limited and available on a first-come basis!

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Industry News Fri, 19 Nov 2021 18:48:44 GMT