Aircraft
Bombardier To Move Global Family Production to Pearson
38-acre site at Toronto Pearson International Airport will house a new center of excellence and final assembly plant for its Global business jet family.
Production of Bombardier's Global 5000, 6000, and (shown here) 7000 will be moved from Toronto Downsview Airport to a new facility at Toronto Pearson Airport in 2021. (Photo: Bombardier Aerospace)
Production of Bombardier's Global 5000, 6000, and (shown here) 7000 will be moved from Toronto Downsview Airport to a new facility at Toronto Pearson Airport in 2021. (Photo: Bombardier Aerospace)

Bombardier Aerospace is moving production of Global 5000s, 6000s, and 7000s from its current Toronto Downsview Airport facility to a new complex at Toronto Pearson Airport in 2021, the company announced today.

It is selling its Toronto Downsview facility—where it also manufactures Q400 regional turboprops—to the Public Sector Pension Investment Board (PSP Investments) for about $635 million, Alain Bellemare, president and CEO of  Bombardier Inc., told analysts this morning during an investor conference call. In tandem, Bombardier signed a long-term lease with the Greater Toronto Airports Authority (GTAA) for a 38-acre site at Toronto Pearson International Airport, where it will open a new center of excellence and final assembly plant for its Global business jet family.