SOURCES: BOMBARDIER TO LEAVE A220 PARTNERSHIP
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February 10, 2020 - by David Preston for bamanewsnow.com
On Friday February 7th, reports started the surface that Canadian aerospace giant Bombardier would be selling their shares in the A220 partnership to Airbus, the majority shareholder in the partnership.
In addition, Bombardier plans on selling the divisions of their company that supply parts to the A220 plane. These moves would continue a line of divestitures in the aerospace industry buy Bombardier due to heavy debt loads caused by the development of the C-Series jet, which is now the A220.
Bombardier spent billions of dollars developing the C-series family of Jets for the regional 100 to 150 seat plane market. It struggled to gain market share right out of the gate but seems to be finding its way in the market when Delta Airlines ordered 75 of the Jets as the American launch customer for the airliner.
That is when Boeing...