Bombardier Mulls Exit from A220 Program | Aviation International News

Bombardier Mulls Exit from A220 Program

The Canadian manufacturer’s retreat from the Airbus narrowbody program would spell its complete exit from the commercial aircraft business.

Airbus delivered Air Canada's first A220-300 in December. (Photo: Airbus)

By Gregory Polek • Senior Editor

January 16, 2020

Bombardier on Thursday signaled a possible complete retreat from the commercial aircraft business in a preliminary fourth-quarter earnings report that anticipates a $130 million EBIT loss during the period. The potential exit from the Airbus A220 program, in which the company still holds a minority stake, would follow the company’s decision last year to sell its CRJ regional jet program to Mitsubishi and its aerostructures manufacturing business in Belfast to Spirit Aerosystems. The Canadian company said it expected both transactions to close by mid-year and generate $1.1 billion in cash.

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