Bombardier looking to sell aerostructures operations in Belfast and Morocco - News Summed Up

Bombardier looking to sell aerostructures operations in Belfast and Morocco


MONTREAL - Bombardier Inc. is looking to sell its aerostructures businesses in Belfast and Morocco as part of a consolidation of its aerospace business into a single unit. The company said Thursday the newly created Bombardier Aviation division will include its business aircraft business as well as its CRJ regional jets. Bombardier Inc. says it is looking to sell its aerostructures businesses in Belfast and Morocco as part of a consolidation of its aerospace business into a single unit. Revenue for the three months ended March 31 fell to $3.52 billion compared with $4.03 billion in the same quarter last year. Analysts on average had expected a loss of a penny per share and revenue of $3.62 billion, according to Thomson Reuters Eikon.


Source: thestar May 02, 2019 10:18 UTC



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