Aircraft
Bizav To Become Sole Focus of Bombardier
Bombardier's proposed sale of its Transportation unit to Alstom will significantly reduce its debt and leave the sole focus on its Business Aircraft unit.
The Bombardier Global 6500, as well as its Model 5500 sibling, won top honors in AIN's Top Flight Awards in the new jet category. (Photo: Bombardier)
The Bombardier Global 6500, as well as its Model 5500 sibling, won top honors in AIN's Top Flight Awards in the new jet category. (Photo: Bombardier)

Bombardier quieted talks of a potential sale of its business aviation unit and took steps to dramatically reduce its debt burden with yesterday’s announced proposed sale of its Bombardier Transportation (BT) unit to Alstom. In announcing the memorandum of understanding to sell its train business to the French rail magnate, Bombardier said it has made a “strategic decision” to focus on business aviation and accelerate its deleveraging efforts through the sale of BT in a deal valued at $8.2 billion.


Loading…