Coronavirus Turmoil Poses Test As Canada's Bombardier Sheds Assets
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March 19, 2020 - by Allison Lampert for reuters.com
MONTREAL, March 19 (Reuters) - Canada's Bombardier Inc could face its first test as a standalone business jet maker as economic uncertainty linked to the rapid spread of coronavirus crimps demand for new corporate aircraft and has sparked fears of a recession, industry executives and analysts said.
Bombardier plans to become a "pure play" jetmaker when it completes the sale of its rail division next year to France's Alstom SA.
But aerospace analysts have cautioned that a one-unit company without revenue from other businesses would create greater risk in the event of a market downturn.
Executives are seeing signs of...
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