Bombardier Inc. is in talks to shed its last commercial jet program, a potential sale that would mark the end of an era for the Montreal-based plane and train maker as it struggles to turn around money-losing business units.
But should Bombardier reach a deal — analysts estimate a sale could fetch between US$300 million to US$680 million — it would mark the end of a 30-year stint in the commercial aviation business. This week, Bombardier closed the sale of its turboprop business to Canada’s Longview Aviation, raising about $250 million.
The program “may be better held in other hands that can use the talent already at Bombardier,” Murray said in a telephone interview. “Anything for Bombardier is better than continued losses in commercial aviation. They have not been putting a lot of capital in that space.”
Oh great, WTH am I supposed to do with my Global 6000 now?
Will they pay back all the bailout money with the proceeds if the sale?
Good no more bail outs