We may earn commissions if you use the recommended services on this site.  

Éric Martel, President and CEO of Bombardier, Releases Statement

Latest Business News

Bombardier Applauds Quebec's Call for Fair Procurement Process

Bombardier's President and CEO, Éric Martel, has expressed support for the unanimous motion passed in the National Assembly of Quebec, urging the federal government to follow an open procurement process for the Canadian Multi-Mission Aircraft contract (CMMA). This motion aligns with the previous call from the premiers of Ontario and Quebec for a fair procurement process. The aerospace industry's importance in Canada is evident through these actions. Bombardier's proposed solution for the CMMA contract is based on the reliable Global 6500 business jet, supported by a robust Canadian supply chain. Allowing Bombardier and its partners to bid on the project will showcase Canada's defense innovation and expertise on a global scale. Bombardier's next-generation solution aims to deliver better value, performance, and long-term economic impact for Canadians. The company looks forward to presenting its bid and seeks clarity on the tender timeframe as part of a fair and lawful government process. Bombardier, a global leader in aviation, designs, manufactures, and services exceptional business jets. Their aircraft families, including Challenger and Global, are renowned for their innovation, cabin design, performance, and reliability. With a worldwide fleet of approximately 5,000 aircraft, Bombardier serves multinational corporations, governments, and private individuals. Headquartered in Greater Montréal, Bombardier operates facilities in Canada, the United States, and Mexico, providing comprehensive customer support and service networks. In conclusion, Bombardier's support for a fair procurement process demonstrates its commitment to delivering excellence in the aerospace industry and showcasing Canada's capabilities on a global stage.

The Implications of a Fair Procurement Process for New Businesses

The recent call for a fair procurement process by Bombardier's CEO, Éric Martel, and the unanimous support from the National Assembly of Quebec, could have significant implications for new businesses in the aerospace industry. This call for transparency and fairness in the procurement process for the Canadian Multi-Mission Aircraft contract (CMMA) could set a precedent for future government contracts.

Opportunities for Innovation

An open procurement process could provide new businesses with the opportunity to showcase their innovative solutions and compete on a level playing field with established industry players. This could stimulate innovation and growth in the aerospace industry.

Challenges in Meeting Standards

However, new businesses could also face challenges in meeting the high standards required for such contracts. Bombardier's proposed solution, based on the reliable Global 6500 business jet, sets a high benchmark for performance and reliability.
Long-term Economic Impact
The long-term economic impact of this procurement process could be significant. If new businesses are successful in securing contracts, it could lead to job creation and economic growth. However, they must be prepared to deliver value and performance to secure these opportunities. In conclusion, while Bombardier's support for a fair procurement process is commendable, new businesses must be prepared to rise to the challenge. This could be a game-changer for the aerospace industry, encouraging innovation and competition.
Story First Published at: https://financialpost.com/globe-newswire/statement-from-eric-martel-president-and-chief-executive-officer-bombardier-2
Brought to you by BusinessFormation.io
Know Your State's Registered Agent Requirements: What is a Registered Agent
Learn How To Create An LLC: What Is An LLC and How To Start an LLC Online
Business Formation Services: View Top 3 Online LLC Filing Companies

LLC Filing & Registered Agent Services

Compare Online LLC Filing Services Today

We work with the market leaders in business formation and registered agent services.

Getting started is simple and inexpensive. Form your business today & secure your brand name before someone beats you to it! Click below to view the Top 3 Best LLC and registered agent service providers.
View Top 3 Providers Now

Filing An LLC Can Be Complicated

Streamline Your LLC Filing Online for $39

Northwest Registered Agent is the best-rated service for first time filers.

Get professional LLC formation & registered agent services for only $39 + state filing fee. This offers includes your full LLC setup, plus a private business address, lifetime support, and more.

Trusted by Millions. Save 82% Today.