Bombardier to sell off its Belfast business

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Bombardier to sell off its Belfast business
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Bombardier is one of the biggest employers in the North, with a large base in east Belfast and a workforce of about 4,000

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The company said it wants to combine its corporate and regional jet units into a single aviation unit and shed more non-core assets by selling off its Belfast and Morocco businesses.

Investors were rattled last week when Bombardier lowered its first-quarter and full-year revenue targets for the transportation division, its largest unit. Bombardier said in a statement it was making steady progress in managing the "challenging legacy projects" and will take a few more quarters for completion.

Bombardier said it will focus its aerostructures activities in Montréal, Mexico and its newly acquired Global 7500 business jet wing operations in Texas.

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