Canada’s Bombardier Sells A220 to Airbus, Exits Commercial Aviation
Once the third-largest aircraft maker, Canada’s Bombardier on Thursday announced the sale of its A220 stake to Airbus and the Quebec government, effectively exiting commercial aviation after a failed expansion. Heavily indebted, the Montreal-based company is also reportedly in talks to sell its rail division to France’s Alstom, which would leave the former Canadian manufacturing titan to build only business jets. Read More