50 SKY SHADES - World aviation news

Cessna may buy Bombardier

Date: 05 Feb 2020 22:47
Author:

Bombardier continues to try to pay off its debts, which currently amount to $9 billion USD. Bombardier plans to exit Airbus A220... But also to sell its business aircraft division to Textron(Cessna) This would generate a change of magnitude in the "bizjets" landscape.


As a result of expenses linked to the exorbitant costs of developing the CSeries program, Bombardier is currently in negotiations with Textron regarding the potential sale of its business aircraft division, according to the Wall Street Journal of February 4

Such a sale would allow Cessna to complete its range by propelling the aircraft manufacturer into the large cabin business aircraft segment, while Bombardier could thus pay off part of its debts, the amount of which is close to 8.16 billion euros.


Thus Cessna could become the purchaser of the Global range and have access to large cabin and long range business jets. 

https://www.linkedin.com/posts/flight-level-470_cessna-may-buy-bombardier-bombardier-continues-activity-6631030193651834881-1IEL



Loading comments for Cessna may buy Bombardier ...

Recommended

NetJets to Test Pilots for COVID-19

As the economy tentatively reopens, companies in all industries are exploring ways to mitigate the risk of COVID-19 exposure for their employees and customers. Medical experts agree one key to conta...

2019 first half-year Dassault results Press conference

During a press conference presented 2019 first half-year results on September 4 Eric Trappier, Chairman and CEO of Dassault Aviation, has talked about an economy and geo-politcal uncertainty of the 20...

Flight Level 470 (FL470) new agreement with CAE Training

We are very pleased to announce that FL470 has renewed our training contract agreement with CAE for a 3 year period. FL470 is also providing business aviation crew for CAE pilots’ seat support require...

Dassault Falcon news at NBAA

Regarding Falcon 6X :"I’m happy to report development is right on schedule,” says Dassault chairman and CEO Éric Trappier“We finished the critical design review of the 6X this summer, which has trigge...

Dassault Falcon news at NBAA

Dassault went to NBAA with biofuel and Falcon 6X Advances to Initial ProductionDassault Aviation is participating in the Sustainable Aviation Jet Fuel (SAJF) initiative being held at this year’s Natio...