Canada’s Bombardier Sells A220 to Airbus, Exits Commercial Aviation

 

Once the third-largest aircraft maker, Canada’s Bombardier on Thursday announced the sale of its A220 stake to Airbus and the Quebec government, effectively exiting commercial aviation after a failed expansion. Heavily indebted, the Montreal-based company is also reportedly in talks to sell its rail division to France’s Alstom, which would leave the former Canadian manufacturing titan to build only business jets. Continue reading Canada’s Bombardier Sells A220 to Airbus, Exits Commercial Aviation