. Even if this somehow quickly came to fruition, Boeing is no longer the cash machine it once was due to the 737 MAX fiasco, a situation which would likely dampen any appetite to fund a Bombardier business jet purchase. Embraer would have much difficulty swinging it on its own, and would still need financially battered Boeing’s buy-in.
The last logical man standing in the potential buyer lineup would be Textron Aviation, the aerospace division of conglomerate. Most of their product line is centered around the light and medium jet categories. An earlier run at considering a larger jet, the Citation Hemisphere, ended in it being “paused” last year, a seemingly more polite term to suppliers than “cancelled”.
If history is a teacher, Textron prefers to wait until an acquisition target is distressed and has already jettisoned debt through reorganization. This was Textron’s tactic in acquiring former competitor Hawker Beechcraft in 2014. While they are patient value shoppers, Textron financials haven’t exactly been lighting the world on fire which could hamper their inclination to execute.
If Bombardier ever decides to sell its business jet division, the pool of potential buyers is relatively shallow. While a few overlapping jet models might be discontinued following an acquisition, the market will still arguably be oversupplied. Even if a buyer came forward, it wouldn’t be until there was blood in the water.
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