- Aviation company Bombardier (BBD.B) has completed its acquisition of all shares in an aircraft service centre in Berlin
- The company bought the remaining shares from Lufthansa Technik AG and ExecuJet Aviation Group AG in order to secure full ownership
- The service centre is located at Berlin Brandenburg Airport, and provides MRO services to Bombardier business aircraft customers
- As a wholly owned asset, the service centre will further expand the company’s worldwide customer support footprint
- Bombardier is down 1.04 per cent, and is currently trading for C$0.48 per share
Aviation company Bombardier (BBD.B) has completed its acquisition of all shares in an aircraft service centre in Berlin.
The service centre in question is strategically located at Berlin Brandenburg Airport, and boasts over 15,000 square metres of service capacity. It has been providing MRO services to Bombardier’s business aircraft customers since 1997, with high-level maintenance for the company’s Learjet, Challenger, and Global business jets.
The service centre was notably the first in Europe to perform maintenance on Bombardier’s flagship Global 7500 aircraft. It has recently modernised and transformed its shop floor in order to maximise efficiencies and streamline processes.
The company bought all the issued and outstanding shares that it did not yet own in the centre, in order to secure full ownership. These remaining shares came from Lufthansa Technik AG and ExecuJet Aviation Group AG.
As a wholly owned asset, the service centre will further expand Bombardier’s worldwide customer support footprint. In particular, it will be a hub for the company’s growing fleet of aircraft based not only in Europe, but also Russia, Africa, and the Middle East.
Bombardier’s Vice President of OEM Parts and Services, Chris Debergh, commented on the company’s completed asset acquisition.
“We welcome the highly talented employees of the Berlin Service Centre to the Bombardier service network,” he said.
“We value their expertise and customer focus – as part of the Bombardier team, they will continue to provide best-in-class aircraft maintenance services to our valued operators of Bombardier business aircraft,” he added.
Bombardier is down 1.04 per cent and trading for C$0.48 per share, as of 10:41am EST.
