In a move emblematic of the sea change at Bombardier over the last half dozen years, the Canadian airframer in early May inaugurated its new $500 million Global aircraft assembly center at Toronto Pearson International Airport. The celebration, which drew thousands—including the employees, their families, shareholders, and other dignitaries—marked the full transition from its production site in nearby Downsview, also in Ontario, Canada.
But it was also the latest step in an ongoing transition of the one-time conglomerate that winnowed into a pure-play business jet company, chipped away at a heavy net leverage debt ratio that just a few years ago was at 7.7 (now 3.3), and reshaped its business focus with the shuttering of the long Learjet line, expansion of its services business, and renewed focus on its traditional Global and Challenger business lines as well as on sustainable concepts such as the blended-wing EcoJet.
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