Bombardier Now a 'Pure Play' Business Aviation Company | Aviation International News

Bombardier Now a 'Pure Play' Business Aviation Company

After the sale of its transportation unit to Alstom, Bombardier—as a standalone business aviation company—is left with $4.7 billion in debt.

Now a pure-play business aviation company, Bombardier is still facing a $4.7 billion debt-load with the sale of its transportation unit to Alstom. However, a ramp-up in Global 7500 deliveries will help generate cash. (Photo: Bombardier)

By Kerry Lynch • Editor, AIN monthly magazine

January 29, 2021

Bombardier emerged today as a pure-play business aviation company following the completion of the sale of its transportation unit to French rail giant Alstom. The sale, which had cleared all the necessary approvals by late last year, brought in $3.6 billion in net proceeds, including $600 million in Alstom shares.

This was less than the $4 billion anticipated last fall, leaving the remaining business aviation manufacturing and services-oriented company with $4.7 billion in debt. Bombardier had originally targeted a remaining $2.5 billion debt-load following the sale, but last fall had upped that estimate to $4.5 billion after the pandemic had taken a toll on the company’s business activities.

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