Bombardier once made everything from snowmobiles to turboprop jets to subways. But now the Quebec-based manufacturer is a pure play business jet company after selling off its other divisions to pay down the debt it racked up trying to compete in commercial aerospace.
In February, Bombardier made two huge sales that reshaped the company’s future: first, its stake in the C-Series jetliner, now called the A220, to Airbus; and second, its $8.5-billion rail business to France’s Alstom.
Chief executive Alain Bellemare joined host Emily Jackson on this week’s Down to Business to discuss why Bombardier chose to stick with planes over trains and why he thinks private jets will be a strong business going forward.
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