50 SKY SHADES - World aviation news

Cessna may buy Bombardier

Date: 06 Feb 2020 03:47 (UTC)
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



Recommended

Sparfell Aviation Group : The Expansion Continues

SPARFELL San Marino, a subsidiary of Sparfell Aviation Group, recently received its aircraft operator certificate (AOC) from the Civil Aviation Authority of the Republic of San Marino.Early last...

Special mission for business aviation

Haïti mission for Flying Group company. Germany, 21st June 2020. Ten special passengers were on board yesterday for Father's day. The Falcon arrived at Cologne Bonn Airport, Germany, which b...

Roll out on 8th December for new Dassault Falcon 6X

The first Falcon 6X will roll out on December 8th in Bordeaux-Merignac, France. And the first flight is plan for early next year, so the program is on track. This is “thanks to the hard work of the [6...

CAE acquires TRU simulation

CAE today announced that it has concluded a conditional agreement with Textron (NYSE: TXT) to acquire TRU Simulation + Training Canada Inc. (TRU Canada) for a cash consideration of approximately US$40...

More than half of the world's airline pilots are no longer flying

(Reuters) - More than half of the world's airline pilots are no longer flying for a living amid the plunge in demand during the coronavirus pandemic, according to a new survey, and those that are stil...