Bombardier to Layoff 5,000, Sells Q400 Turboprop Program

by Richard Pettibone, Aerospace & Defense Companies Analyst, Forecast International.

Bombardier’s Q400 program has been sold to of Longview Aviation Capital. Photo: Bombardier

As part of a broad strategy to streamline its operations, Bombardier announced that it would sell off a number of non-core assets valued at $900 million and cut employment by 5,000. These moves are aimed at focusing the company on in its Transportation, Business Aircraft and Aerostructures segments.

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