‘The dismantling of Bombardier’: Company abandons commercial aerospace, eyes focus on private jets as sale of train unit said to loom

Bombardier Inc. officially abandoned its multi-billion dollar dream to compete in commercial aerospace and is reportedly nearing a deal to sell off its troubled rail division, meaning the business jet division could soon be all that’s left of the storied Quebec plane and train manufacturer that’s shedding assets to pay off debt.

“I’m actually very confused about what the strategy of the company is,” Goldman Sachs analyst Noah Poponak said during the company’s conference call with analysts after it announced its quarterly results. “It’s starting to look like an asset liquidation more than a turnaround. Has this always been the plan?”

“We have options. We are going to continue looking at our options to see if there’s ways we can accelerate the deleveraging phase of the turnaround,” he said. Our future in aerospace is with our industry-leading business jet franchise and we see tremendous opportunities BMO Capital Markets analyst Fadi Chamoun questioned whether the business aircraft division “can survive longer-term as a standalone” given the cyclical nature of the business.

While the business jet division is a popular brand with the global elite, the Canadian public has been more consumed with A220 news given the government loans that floated the program.

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Where is our money that’s what Canadians should be asking Quebec gave 1 billion dollars and the liberal_party gave 372.5 millions.

Trudeau will anxiously drop millions in to this company once again to appease the province and be a hero.

Excellent strategy. Now they can get special Federal Grants for doing absolutely nothing, just being centred in the 'supremacist' society of Quebec. New slogan' We make Money out of Nothing'. Deadlines? Who needs those?

Should have hung on to the snowmobile business and turfed the management.

Wonder how much more taxpayer $$ they'll be getting.

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