Why Bombardier May Struggle To Close $9.5 Billion In Deals Critical To Manage Its Looming Debt
One analyst sees privatization of the company as a growing probability given its drastic stock price fall so far this year
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March 29, 2020 - by Emily Jackson for financialpost.com
Bombardier Inc. will temporarily send home 12,400 employees in Canada as it shuts down private jet and rail production in Ontario and Quebec in accordance with provincial orders to suspend non-essential work to combat the spread of COVID-19.
The disruption threatens the Montreal-based plane and train manufacturer's already shaky position as it tries to pay down debt by selling off everything but its private jet business, a tenuous business to be in during a global economic slowdown. \
Analysts say it's no longer clear whether Bombardier will be able to close the deals given the market rout, predicting further government intervention or privatization may be in the company's future.
Bombardier said it will temporarily suspend most operations...
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