Bombardier SOLD The Q400 Division - Fliegerfaust Exclusive
Q400 is No More a Bombardier Product
15:45 - October 20, 2017 - Quebec, Montreal by Sylvain Faust
According to sources very close the Q400 division, Bombardier Inc. should be announcing very soon the sale of its Q400 business.
After the major transaction involving its 50% ownership in the CSeries Holding, Bombardier was left with only the CRJ and Q400 part of its Commercial Aircraft business.
Could ATR which is owned 50% by AIRBUS be the buyer?
Remember, the Learjet, Challenger and Global aircraft are part of the Bombardier Business Aircraft division, not Bombardier Commercial Aircraft.
To help you understand, the commercial aircraft business is selling "buses" to airlines so they can carry large amount of paying passengers, i.e you! Business aircraft are sport cars sold mainly to individuals or corporations for VIP and VVIP. Not the same business, not the same clientele at all.
Bombardier Commercial Aircraft covers the CSeries (via ownership in its holding), the CRJ and Q400 aircraft.
The CRJ would be the only aircraft left in Bombardier Commercial Aircraft division 100% own by Bombardier. Could it be next in line to be liquidated?
Bombardier CEO Bellemare told the CSeries employees during a presentation Tuesday at the Mirabel factory that the company was losing money with each Q400 delivery.
Stay tuned to Fliegerfaust for more...
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