50 SKY SHADES - World aviation news

OPINION: Are Bombardier's woes getting CSerious?

Download: Printable PDF Date: 09 Oct 2015 10:44 (UTC) category:
Publisher:
OPINION: Are Bombardier's woes getting CSerious? - Manufacturer publisher
Tatjana Obrazcova
Country: Canada Aircraft: Airplanes
Source: FlightGlobal

Until the late hours of 6 October, matters seemed relatively under control in Montreal, where a new leadership team at cash-strapped Bombardier seemed to have opened some financial breathing space.

With $3.1 billion in the bank and no major debt payments due until 2018, the transformation plan looked to be working, leaving management to focus on getting the CSeries through entry-into-service. Meanwhile, a revamped sales team redoubled efforts to secure elusive orders from marquee airlines and lessors.

Asset Image

Bombardier

Then came news that Airbus and Bombardier had broken off secret discussions – a revelation all the more stunning for showing that they had even met in the first place. After all, if Bombardier is not facing any imminent technical or financial threat within the CSeries programme, why did it now seek help from Airbus – a company that has spent the last several years bad-mouthing and conniving to defeat the CSeries?

And, if Airbus spurned an offer, what options does Bombardier have left?

But perhaps this is a case of smoke without fire. A planned stock market sale of a minority stake in the rail transportation division may save the day, financing the CSeries production ramp-up, paying off debt and, with luck, hauling in a new raft of major orders.

Or perhaps not. In either case, the next several months look to be a very eventful period in Montreal.

Will Bombardier Aerospace survive on its own? Have your say with our poll here





Recommended

Chapman Freeborn launches in-house ICS2 declaration service

Chapman Freeborn launched an in-house Import Control System 2 (ICS2) declaration service for companies moving cargo into or through Europe.Developed by Chapman Freeborn’s specialist team in Germ...

Avelo reaches 10 million customer milestone, reflecting strong demand for affordable and convenient travel

Avelo Airlines reached a major milestone, flying its 10 millionth Customer just five years after redefining affordable air travel in as America's most convenient airline. Since launching on April...

Volatus Aerospace partners with Singular Aircraft to introduce FlyOx 1 heavy-lift autonomous aircraft for Canadian wildfire response

Volatus Aerospace announced the next phase of its national wildfire response initiative through a strategic partnership with Singular Aircraft, developer of the FlyOx 1 multi-mission heavy-lift autono...

Atoms and Joby Aviation form strategic partnership to build America's vertiport network

Atoms and Joby Aviation announced a strategic partnership to acquire and develop vertiport sites in the United States. The companies will initially focus on Florida, New York, and Texas, the markets w...

Android Apps development in Riga, Latvia