Bombardier Comments on Court's Favourable Decision
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Bombardier Inc. /
Bombardier Comments on Court's Favourable Decision
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- The decision confirms our belief that Metrolinx acted inappropriately in
seeking to avoid the dispute resolution provisions of the contract.
- Bombardier calls for constructive discussions with Metrolinx to pave a new
path forward to serve the people of Ontario
- The company is on track to deliver high quality, state-of-the-art light rail
vehicles to support the Eglinton Crosstown expansion
MONTREAL, QUEBEC--(Marketwired - Apr 19, 2017) - (TSX: BBD.A) (TSX: BBD.B)
(OTCQX: BDRBF)
Bombardier issued the following statement today regarding the favourable ruling
by the Ontario Superior Court of Justice on its motion to prevent the
unjustified termination of its contract with Metrolinx:
We are very pleased with the Court's ruling. The decision confirms our belief
that Metrolinx acted inappropriately in seeking to avoid the dispute resolution
provisions of the contract.
The hundreds of Bombardier Transportation employees in Ontario are committed to
the success of the light rail expansion projects, and we are on track to deliver
high quality, state-of-the-art vehicles on time to support the Eglinton
Crosstown expansion.
It is unfortunate that Bombardier had to resort to the Courts to resolve this
matter, and it is our hope that today's ruling will now allow the parties to
focus on delivering the light rail expansion projects on time and on budget.
We are eager to sit down with Metrolinx to find a clear path forward; one that
delivers value to all parties: Bombardier, Metrolinx and the people of Ontario.
Ultimately, we are all focused on the same goal - advancing the projects and
ensuring that the people of the GTHA have the most efficient, comfortable and
reliable transit system in the world.
About Bombardier Transportation
Bombardier Transportation is a global leader in rail technology and offers the
broadest portfolio in the industry. It covers the full spectrum of rail
solutions, ranging from trains to sub-systems and signalling. The company also
provides complete transport systems, e-mobility technology and maintenance
services. As an innovation driver, Bombardier Transportation continuously breaks
new ground in sustainable mobility. It provides integrated solutions that create
substantial benefits for operators, passengers and the environment.
Headquartered in Berlin, Germany, Bombardier Transportation employs around
37,150 people and its products and services operate in over 60 countries.
About Bombardier
Bombardier is the world's leading manufacturer of both planes and trains.
Looking far ahead while delivering today, Bombardier is evolving mobility
worldwide by answering the call for more efficient, sustainable and enjoyable
transportation everywhere. Our vehicles, services and, most of all, our
employees are what make us a global leader in transportation.
Bombardier is headquartered in Montreal, Canada. Our shares are traded on the
Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability
North America Index. In the fiscal year ended December 31, 2016, we posted
revenues of $16.3 billion. News and information are available at bombardier.com
or follow us on Twitter (at)Bombardier.
Notes to Editors
For news releases, related material and photos, visit our media centre at
www.bombardier.com/en/media-centre.html. Please subscribe to our RSS Feed to
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(at)BombardierRail.
Bombardier is a trademark of Bombardier Inc.
You can also contact one of our worldwide contacts for specific press inquiries.
CONTACT INFORMATION
Contacts:
Bombardier Inc.
Simon Letendre
Senior Advisor, Media Relations and Public Affairs
+514 861 9481
www.bombardier.com
Group Media Relations
+49 30 98607 1687
press(at)rail.bombardier.com
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Source: Bombardier Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 19.04.2017 - 19:02 Uhr
Sprache: Deutsch
News-ID 537117
Anzahl Zeichen: 4940
contact information:
Town:
West Montreal, QC
Kategorie:
Business News
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