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Mitsubishi Heavy Industries Ltd., which is building Japan’s first airliner since the 1960s, is in talks to buy Bombardier Inc.’s CRJ regional jet program to bolster its plane manufacturing ambitions.
Still, no decision has been made, the Tokyo-based company said in a statement Wednesday after Air Current reported that the negotiations were at an advanced stage. Air Current said an agreement may be announced as early as the Paris Air Show, which starts June 17. Representatives at Bombardier, the second-largest maker of regional jets, couldn’t immediately comment.
For Bombardier a deal would mark the end of an era as it would involve the company’s last remaining commercial-aviation asset, according to the Air Current. The Canadian aerospace company has said that it would explore options for its unprofitable CRJ regional-jet program.
The CRJ once produced the bulk of Bombardier’s revenue, but trains and business aircraft have since overtaken regional jetliners as the main drivers of profit. About 1,500 of the CRJ planes are in service worldwide.
how convenient.Additional order of 36 Bilevels to be produced at Thunderbay.
Additional order of 36 Bilevels to be produced at Thunderbay.
how convenient.
Why do we need these bilevels???????????
The OnCorr proponent is supposed to procure new fleet. What are we going to do with all these bilevels?
Unless I'm missing something, this is corruption and a boneheaded move.
The OnCorr proponent is supposed to procure new fleet. What are we going to do with all these bilevels?
Unless I'm missing something, this is corruption and a boneheaded move.
Anyone have a sense of how long the oldest cars in the fleet have got left? This may (looking at it generously) be merely marking time given the longer time horizon of electrification at this point.how convenient.
Why do we need these bilevels???????????
The OnCorr proponent is supposed to procure new fleet. What are we going to do with all these bilevels?
Unless I'm missing something, this is corruption and a boneheaded move.
Yet another Pierre Beaudoin legacy project. My goodness did he ever leave a world of hurt to this company.Only business jets now if this goes through, a systematic dismantling of Bombardier's once proud commercial aerospace division. Ironic though that while it created its aerospace division mostly through acquisitions, it's coming apart the same way.
Bombardier in talks to sell its last commercial jet business to Mitsubishi
The CRJ regional jet once produced the bulk of Bombardier’s revenue, but now it’s losing money
Bruce Einhorn June 5, 2019 8:55 AM EDT
Bombardier in talks to sell its last commercial jet business to Mitsubishi
The CRJ regional jet once produced the bulk of Bombardier’s revenue, but now it’s losing moneybusiness.financialpost.com
Bombardier has long been cash-flow challenged. The deep-pocketed Siemens and Alstom can each out-spend it in everything from R&D investment to vendor financing. The latter is a high card in a global passenger rail industry where almost all the customers are tight-fisted governments.
A threat on the horizon for Bombardier Transportation is a possible ban from bidding on World Bank-financed projects. This is important because the Bank finances scores of projects in emerging economies that are key markets for Bombardier Transportation.
The Bank alleges that Bombardier meddled in an audit of a 2013 Bombardier-led consortium to supply signaling equipment in Azerbaijan. Bombardier has refuted the allegations, saying it acted properly in its role in the $340-million contract.
So much for LRT production. Honestly, this company is f#cked. They should be winning bids and building LRT units for systems across North America. Idiots.
If BBD wasn't part of the P3 team for Edmonton, TTC and Metrolinx would been the last LRV's built in NA. They are in a shit hole of problems on all their orders.So much for LRT production. Honestly, this company is f#cked. They should be winning bids and building LRT units for systems across North America. Idiots.
Bombardier to lay off half the 1,100 workers at Thunder Bay, Ont. railway plantBombardier to lay off half the 1,100 workers at Thunder Bay rail plant
Union boss fears even more job cuts on horizon as major contracts for TTC streetcars and GO Transit rail cars come to an endwww.thestar.com