End of an era as Bombardier eyes exiting regional jet business

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Analysts view potential sale of CRJ unit as logical given Bombardier’s strategy to shrink operations to focus on its more profitable divisions

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.”

 

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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

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