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

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...

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 6X in progress

The construction of the new Dassault Falcon 6X is going well. Dassault Aviation froze the design last May 2019. At that time, Dassault had already started manufacturing parts in several 'satellit...

Dassault Falcon Service Offers a Second Life To a Heavily Damaged Falcon

In December 2017, a parked Falcon 7X at a remote airport, in Malta, was blown from its position by strong winds, sending the aircraft crashing into a nearby building. The front section of the aircraft...

Dassault Falcon at NBAA

2019 Business Aviation Convention & Exhibition (NBAA-BACE)  -   Las Vegas, Nevada The NBAA-BACE (10/22/2019  to 10/24/2019), the "Big Show" returns to Las Vegas this&n...