Bombardier To Sell Rail Business

[tomahawk6]

The deal will allow Bombardier to focus on its aviation business.

On Monday, the French trainmaker said it has signed an agreement to acquire Bombardier's rail business for between €5.8 billion ($6.3 billion) and €6.2 billion ($6.7 billion).

https://www.msn.com/en-us/money/companies/alstom-eyes-bombardier-deal-to-counter-threat-from-china/ar-BB105M0w?ocid=spartanntp

 

[Nfld Sapper]

Only to focus on the executive jet division.

Writing is on the wall for Bombardier, time to cut bail-outs from the feds....

 

[dapaterson]

Only to focus on the executive jet division.

Writing is on the wall for Bombardier, time to cut bail-outs from the feds....

Don't be ridiculous!  Their next move will be to sell the business jet division, and focus on their government handouts division exclusively.

 

[MarkOttawa]

Pretty comprehensive post on demise of Bombardier rail, the corporation's latest limb being cut off--just a flesh wound?

It's Official: Bombardier Jumps from the Train Business
...
the former great Canadian and Québécois industrial champion is now reduced to a maker of only business jets, a dangerously cyclical business depending on economic ups and downs. All the other major players–Gulfstream, Dassault, Cessna–are divisions of much larger companies.

The train has indeed left the Bombardier station, note the need to compete with China’s giant CRRC–also note Québec angles at 3)...
https://mark3ds.wordpress.com/2020/02/17/its-official-bombardier-jumps-from-the-train-business/

Mark
Ottawa

 

[tomahawk6]

I suspect they are expecting more business with the USAF.

 

[YZT580]

I suspect they are expecting more business with the USAF.

Not at all.  I see some new challengers with the maple leaf logo in the not too distant future

 

[SeaKingTacco]

Not at all.  I see some new challengers with the maple leaf logo in the not too distant future

That is 4-6 airframes, tops. Not a business model.

 

[tomahawk6]

They should push the business jet angle for the short term Maybe something eco friendly or a jet rental biz to the wealthy.

 

[OldSolduer]

Can we just shut this money pit down?

 

[YZT580]

That is 4-6 airframes, tops. Not a business model.

  sure it is.  Sell 6 then ask for more money to develop an SST or better yet, an all electric executive aircraft.  Should be good for another 100 milllion or so. 

 

[CBH99]

Airbus bought a 50.1% stake in the C-Series.  Is that still the situation?

If so, Bombardier still "kinda" has a commercial aircraft on the go, even if it's being manufactured by Airbus.  Anybody know how that works, or applies currently?

 

[dimsum]

Airbus bought a 50.1% stake in the C-Series.  Is that still the situation?

If so, Bombardier still "kinda" has a commercial aircraft on the go, even if it's being manufactured by Airbus.  Anybody know how that works, or applies currently?

Bombardier sold its C-series stake last week.

https://globalnews.ca/news/6545579/bombardier-to-report-earnings-as-future-of-the-company-hangs-in-the-balance/