Rail

Bombardier wins £1billion order

Bombardier has signed a deal with Abiello UK to build 1,000 new carriages for East Anglia's rail network. 

We look forward to working with our customer the Abiello UK, to support them in transforming rail services throughout the region and delivering an enhanced customer experience through the provision of new trains.
— Des McKeon, UK Commercial Director at Bombardier Transportation

The deal worth £1billion — the same as London's Crossrail project — will secure 1,000 of Bombardier's 1,600 jobs based at its Litchurch Lane site for the foreseeable future. 

Des McKeon, UK Commercial Director at Bombardier Transportation, said: "We look forward to working with our customer the Abiello UK, to support them in transforming rail services throughout the region and delivering an enhanced customer experience through the provision of new trains." 

Bombardier will be building 660 of the new carriages in Derby which shall be similar to those currently in production for London's Elizabeth Line. At the same time, Bombardier has formed a joint venture with Hitachi to bid for the next major London Underground contract, due later this year.

Bombardier hails "very good" turnaround progress

Bondholder Bombardier has reported "very good progress" globally with revenues of £2.5 billion for the three months to the end of June 2016.

In the first six months of the year, revenues reached £4.82 billion, a fall on the £5.27 billion reported for the first half of 2015. The company said the decline was down to a "planned reduction in business aircraft revenues", adding that its transportation division had experienced a "solid" quarter.

We delivered on our financial commitments, achieved our program milestones and positioned Bombardier to meet both our full year guidance and 2020 goals.
— Alain Bellemare, President and Chief Executive at Bombardier

President and Chief Executive Alain Bellemare said: "We continue to make very good progress executing our turnaround plan. We delivered on our financial commitments, achieved our program milestones and positioned Bombardier to meet both our full year guidance and 2020 goals."

Bombardier secures multi-million pound deal

Bondholder Bombardier has received an order worth an estimated £100million from Pride Park-based Porterbrook Leasing.

Porterbrook is buying 92 Class 387 Electrostar vehicles from Bombardier which are in addition to a previous order placed for a similar value back in October last year.

In a statement, the company said: "With this investment, Porterbrook demonstrates its support to the aspirations of the rail industry and the Department for Transport to alleviate the capacity pinch points in the network and provide Britain with a sustainable, world-class transport system. This latest acquisition reaffirms Porterbrook's investment strategy in commuter multiple units and its longterm confidence in Bombardier's Electrostar platform."

With the latest order, it means that Great Western will receive 148 new carriages. In addition to this, 32 carriages are already being built by Bombardier, bringing the total number destined for the train operator to 180.

The order is yet another welcome boost for Litchurch Lane, which recently opened its £12.5million testing and commissioning facility, called V Shop, which will initially be used to test trains destined for Crossrail, in London, which has been renamed the Elizabeth Line.

Bombardier unveils £12.5m Crossrail facility

Bondholder Bombardier has unveiled a £12.5million Crossrail testing and commissioning facility to check Derby-made trains designed for the Crossrail line in London.

Crossrail is Europe's largest construction project and Bombardier will be hiring more staff as the £1billion project moves into the production phase.

The 10,400 square metre building was built by Balfour Beatty and includes four "multi-functional" train lines, each with full-length overhead lines, that connect into the site's existing test track facilities. It has also created office space in the form of a two-storey annex with room for up to 90 staff.

The site was opened by transport minister Patrick McLoughlin, who commented: "Bombardier has witnessed some difficult times - but now it can look to the future with positivity. The opening of this building is a historic moment for Bombardier, Derby and the U.K. Rail industry as a whole."

The opening of this building is a historic moment for Bombardier, Derby and the U.K. Rail industry as a whole
— Patrick McLoughlin MP, Secretary of State for Transport