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.
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