Editing Bombardier Aviation (section)

=== Divestment ===

On 8 November 2018, [[Viking Air]] parent Longview Aviation Capital Corp. acquired the Q400 program and the de Havilland brand from Bombardier.<ref name="Longview-20181108">{{cite press release |url= https://www.lvav.ca/sites/lvav.ca/files/docs/longview_dash_8_news_release_november_8_-_final.pdf |title= Longview Aviation Capital Corp. Acquires Dash 8 Program from Bombardier Inc. |publisher= Longview Aviation Capital Corp. |date= 8 November 2018 |access-date= 11 December 2018 |archive-date= 16 November 2018 |archive-url= https://web.archive.org/web/20181116131652/https://www.lvav.ca/sites/lvav.ca/files/docs/longview_dash_8_news_release_november_8_-_final.pdf |url-status= dead }}</ref> Viking had already bought the discontinued de Havilland Canada aircraft [[type certificate]]s in 2006.<ref>{{cite press release |url= http://www.marketwired.com/press-release/viking-acquires-type-certificates-de-havilland-canada-heritage-aircraft-from-bombardier-581493.htm |title= Viking Acquires Type Certificates for de Havilland Canada Heritage Aircraft from Bombardier |date= 23 February 2006 |author= Viking Air Limited |access-date= 11 December 2018 |archive-date= 16 November 2018 |archive-url= https://web.archive.org/web/20181116131730/http://www.marketwired.com/press-release/viking-acquires-type-certificates-de-havilland-canada-heritage-aircraft-from-bombardier-581493.htm |url-status= dead }}</ref> At that point, Q400 sales were lower than rival [[ATR (aircraft manufacturer)|ATR]].<ref>{{cite news |url= https://www.forbes.com/sites/jeremybogaisky/2018/11/08/bombardier-selling-q400-turboprop-line-cutting-5000-jobs-as-it-moves-to-strengthen-balance-sheet/#5ac1b8a91736 |title= Bombardier Sells Aging Q400 Turboprop Line, Cutting 5,000 Jobs As It Sharpens Focus on Business Jets |first= Jeremy |last= Bogaisky |work= Forbes |date= 8 November 2018 |archive-date= 14 April 2021 |access-date= 9 November 2018 |archive-url= https://web.archive.org/web/20210414232209/https://www.forbes.com/sites/jeremybogaisky/2018/11/08/bombardier-selling-q400-turboprop-line-cutting-5000-jobs-as-it-moves-to-strengthen-balance-sheet/#5ac1b8a91736 |url-status= live }}</ref> Bombardier announced the sale was for $300 million and expected $250 million annual savings.<ref>{{cite news |url= https://www.flightglobal.com/news/articles/bombardier-to-sell-q400-programme-453463/ |title= Bombardier to sell Q400 programme |date= 8 November 2018 |work= Flightglobal |archive-date= 16 November 2018 |access-date= 9 November 2018 |archive-url= https://web.archive.org/web/20181116060232/https://www.flightglobal.com/news/articles/bombardier-to-sell-q400-programme-453463/ |url-status= live }}</ref> The Q400 deal closed on 3 June 2019; the new holding company, [[De Havilland Aircraft of Canada Limited]], inherited an order book of 51 Q400s.<ref name="flightglobal-20190603">{{cite news |last1=Hemmerdinger |first1=Jon |title=Longview completes Dash 8 buy and forms De Havilland Aircraft |url=https://www.flightglobal.com/news/articles/longview-completes-dash-8-buy-and-forms-de-havilland-458670/ |work=Flightglobal.com |date=3 June 2019 |archive-date=4 June 2019 |access-date=4 June 2019 |archive-url=https://web.archive.org/web/20190604070843/https://www.flightglobal.com/news/articles/longview-completes-dash-8-buy-and-forms-de-havilland-458670/ |url-status=live }}</ref> Also in late 2018, Bombardier sold its [[business jet]] training program to [[CAE Inc.]] for $645 million and announced 5,000 job cuts over 18 months across its 70,000 employees worldwide: 500 in Ontario, 2,500 in Quebec and 2,000 outside Canada.<ref>{{cite news |url= https://www.cbc.ca/news/business/bombardier-cutting-5000-jobs-q-series-1.4896753 |title= Bombardier cutting 5,000 jobs, selling Q Series aircraft |work= CBC News |date= 8 November 2018 |archive-date= 8 November 2018 |access-date= 9 November 2018 |archive-url= https://web.archive.org/web/20181108164233/https://www.cbc.ca/news/business/bombardier-cutting-5000-jobs-q-series-1.4896753 |url-status= live }}</ref>

Bombardier shifted focus from commercial to business aircraft,<ref name="flightglobal-20181108">{{cite news |title=Bombardier shifts focus away from commercial aircraft |url=https://www.flightglobal.com/news/articles/bombardier-shifts-focus-away-from-commercial-aircraf-453473/ |access-date=9 November 2018 |work=Flightglobal.com |date=8 November 2018 |archive-date=16 November 2018 |archive-url=https://web.archive.org/web/20181116054507/https://www.flightglobal.com/news/articles/bombardier-shifts-focus-away-from-commercial-aircraf-453473/ |url-status=live }}</ref><ref name="flightglobal-20190603" /> anticipating business jet shipments to increase from 135 in 2018 to 150-155 in 2019,<ref>{{cite news |url= https://www.ainonline.com/aviation-news/business-aviation/2018-12-07/bombardier-preps-7500-delivery-coming-days |title= Bombardier Preps For 7500 Delivery 'In Coming Days' |author= Kerry Lynch |date= 7 December 2018 |work= AIN online |archive-date= 11 December 2018 |access-date= 10 December 2018 |archive-url= https://web.archive.org/web/20181211010322/https://www.ainonline.com/aviation-news/business-aviation/2018-12-07/bombardier-preps-7500-delivery-coming-days |url-status= live }}</ref> and forecast [[revenues]] of $16.5 billion in 2018, rising to over $20 billion in 2020 with a [[free cash flow]] of $0.75-1 billion, mostly via the large [[Global 7500]].<!--<ref name=AvWeek11dec2018>--> Business Aircraft revenues were expected to increase from $5 billion for 2018 to $6.25 billion in 2019 and $8.5 billion in 2020 with 180 deliveries, including [[Aftermarket (merchandise)|aftermarket]] within the 4,700 fleet doubling from the 28% captured in 2015.<!--<ref name=AvWeek11dec2018>--> Aerostructures & Engineering Services were expected to grow from $2 billion in 2018 to $2.25 billion in 2020.<!--<ref name=AvWeek11dec2018>--> Airliner revenues were expected to shrink from $1.7 billion to $1.4 billion in 2019, halving losses to $125 million, with deliveries flat at 35 CRJs and Q400s; it was to be profitable with [[Bombardier CRJ700 series|CRJ]]s only in 2020.<ref name=AvWeek11dec2018>{{cite news |url= http://aviationweek.com/business-aviation/bombardier-focus-high-end-business-jets-and-aerostructures |title= Bombardier To Focus on High-End Business Jets And Aerostructures |date= 11 December 2018 |author= Graham Warwick |work= Aviation Week & Space Technology}}</ref>

On 2 May 2019, Bombardier's aerospace division was renamed ''Bombardier Aviation'' following the divestment of the CSeries and Q400 programmes.<ref>{{cite news |last1=Buyck |first1=Cathy |title=Bombardier Moves To Consolidate Aerostructures Activities |url=https://www.ainonline.com/aviation-news/air-transport/2019-05-02/bombardier-moves-consolidate-aerostructures-activities |work=Aviation International News |language=en |archive-date=20 April 2024 |access-date=19 June 2019 |archive-url=https://web.archive.org/web/20240420044752/https://www.ainonline.com/aviation-news/air-transport/2019-05-02/bombardier-moves-consolidate-aerostructures-activities |url-status=live }}</ref> On 25 June 2019, Bombardier agreed with [[Mitsubishi Heavy Industries]] to sell the CRJ program, a deal was expected to close in early 2020 subject to regulatory approval.<ref>{{cite press release |title=Mitsubishi Heavy Industries to Acquire Canadair Regional Jet Program from Bombardier Inc. |url=https://www.mhi.com/news/story/190625.html |date=25 June 2019 |publisher=Mitsubishi Heavy Industries |access-date=25 June 2019 |archive-date=26 August 2020 |archive-url=https://web.archive.org/web/20200826200535/https://www.mhi.com/news/story/190625.html |url-status=live }}</ref> Mitsubishi will gain Bombardier's global expertise in terms of engineering, certification, customer relations and support, boosting its [[Mitsubishi SpaceJet|SpaceJet (formerly MRJ)]] programme and enabling its production in North America.<ref>{{cite news |last1=Hemmerdinger |first1=Jon |title=ANALYSIS: How the CRJ could save the MRJ |url=https://www.flightglobal.com/news/articles/analysis-how-the-crj-could-save-the-mrj-458742/ |work=Flightglobal.com |date=6 June 2019 |archive-date=21 June 2019 |access-date=19 June 2019 |archive-url=https://web.archive.org/web/20190621194925/https://www.flightglobal.com/news/articles/analysis-how-the-crj-could-save-the-mrj-458742/ |url-status=live }}</ref> The deal includes two service centres in Canada and two in the US, as well as the CRJ's type certificates.<ref>{{cite news |last1=Chua |first1=Alfred |title=Mitsubishi eager to tap into CRJ expertise |url=https://www.flightglobal.com/news/articles/mitsubishi-eager-to-tap-into-crj-expertise-459309/ |work=Flightglobal.com |date=26 June 2019 |archive-date=29 June 2019 |access-date=26 June 2019 |archive-url=https://web.archive.org/web/20190629041251/https://www.flightglobal.com/news/articles/mitsubishi-eager-to-tap-into-crj-expertise-459309/ |url-status=live }}</ref> Bombardier retains the Mirabel assembly facility and produce the CRJ on behalf of Mitsubishi until the current order backlog is complete.<ref name=leeham20190625>{{cite news |title=Mitsubishi, Bombardier reach agreement to acquire CRJ program |url=https://leehamnews.com/2019/06/25/mitsubishi-bombardier-reach-agreement-to-acquire-crj-program/ |work=Leeham News and Analysis |date=25 June 2019 |archive-date=28 October 2020 |access-date=25 June 2019 |archive-url=https://web.archive.org/web/20201028205544/https://leehamnews.com/2019/06/25/mitsubishi-bombardier-reach-agreement-to-acquire-crj-program/ |url-status=live }}</ref> In early May 2020, Mitsubishi confirmed that all conditions had been met. The transaction closed on 1 June.<ref>{{cite news |last1=Hemmerdinger |first1=Jon |title=Mitsubishi to close CRJ purchase on 1 June |url=https://www.flightglobal.com/airframers/mitsubishi-to-close-crj-purchase-on-1-june/138259.article |work=Flight Global |date=7 May 2020 |language=en |archive-date=14 May 2020 |access-date=7 May 2020 |archive-url=https://web.archive.org/web/20200514191441/https://www.flightglobal.com/airframers/mitsubishi-to-close-crj-purchase-on-1-june/138259.article |url-status=live }}</ref> Bombardier's CRJ-related service and support activities were transferred to a new Montreal-based company, MHI RJ Aviation Group.<ref name="mhidealclosed">{{cite press release |title=Bombardier Concludes Sale of the CRJ Series Regional Jet Program to Mitsubishi Heavy Industries |url=https://www.bombardier.com/en/media/newsList/details.binc-20200601-bombardier-concludes-sale-of-the-crj-series-region.bombardiercom.html |publisher=Bombardier |language=en |date=1 June 2020 |access-date=2 June 2020 |archive-date=23 January 2022 |archive-url=https://web.archive.org/web/20220123165148/https://www.bombardier.com/en/media/newsList/details.binc-20200601-bombardier-concludes-sale-of-the-crj-series-region.bombardiercom.html |url-status=live }}</ref><ref>{{cite news |last1=Hemmerdinger |first1=Jon |title=Mitsubishi closes CRJ acquisition despite SpaceJet uncertainty |url=https://www.flightglobal.com/airframers/mitsubishi-closes-crj-acquisition-despite-spacejet-uncertainty/138629.article |work=Flight Global |date=1 June 2020 |language=en |archive-date=7 June 2022 |access-date=2 June 2020 |archive-url=https://web.archive.org/web/20220607152426/https://www.flightglobal.com/airframers/mitsubishi-closes-crj-acquisition-despite-spacejet-uncertainty/138629.article |url-status=live }}</ref>

On 31 October 2019, Bombardier announced the sale of its aerostructures activities and aftermarket services operations in Northern Ireland and [[Morocco]], and its aerostructures maintenance, repair and overhaul (MRO) facility in [[Dallas]], to [[Spirit AeroSystems]]. The sale was expected to close in the first half of 2020 subject to regulatory approval.<ref>{{cite press release |title=Bombardier Announces Definitive Agreement to Sell Aerostructures Business to Spirit AeroSystems Holding, Inc. |url=https://www.bombardier.com/en/media/newsList/details.binc-20191031-bombardier-announces-definitive-agreement-to-sell-.bombardiercom.html |publisher=Bombardier |language=en |date=31 October 2019 |access-date=31 October 2019 |archive-date=23 September 2020 |archive-url=https://web.archive.org/web/20200923134418/https://www.bombardier.com/en/media/newsList/details.binc-20191031-bombardier-announces-definitive-agreement-to-sell-.bombardiercom.html |url-status=live }}</ref> In September 2020 Spirit said "there can be no assurances" that conditions would be met by the 31 October deadline.<ref>{{cite news |last1=Hemmerdinger |first1=Jon |title=Spirit predicts Asco purchase will terminate, describes Bombardier buy as uncertain |url=https://www.flightglobal.com/aerospace/spirit-predicts-asco-purchase-will-terminate-describes-bombardier-buy-as-uncertain/140268.article |work=Flight Global |date=22 September 2020 |language=en}}</ref> A last-minute amendment reduced the amount of the cash consideration and adjusted the overall valuation, enabling the parties to set a closing date of 30 October.<ref>{{cite press release |title=Bombardier Announces Closing Date, Amended Terms for Sale of Aerostructures Business to Spirit AeroSystems Holding, Inc. - Bombardier |url=https://www.bombardier.com/en/media/newsList/details.binc-20201026-bombardier-announces-closing-date--amended-terms-f.bombardiercom.html |publisher=Bombardier |date=26 October 2020 |language=en |access-date=26 October 2020 |archive-date=31 October 2020 |archive-url=https://web.archive.org/web/20201031211401/https://www.bombardier.com/en/media/newsList/details.binc-20201026-bombardier-announces-closing-date--amended-terms-f.bombardiercom.html |url-status=live }}</ref><ref>{{cite press release |title=Bombardier and Spirit AeroSystems Amend Terms of Purchase Agreement, Reduce Net Proceeds Purchase Price to $275 Million and Expect to Close on Oct. 30, 2020 |url=http://investor.spiritaero.com/news-presentations/news-details/2020/Bombardier-and-Spirit-AeroSystems-Amend-Terms-of-Purchase-Agreement-Reduce-Net-Proceeds-Purchase-Price-to-275-Million-and-Expect-to-Close-on-Oct.-30-2020/default.aspx |publisher=Spirit Aerosystems |date=26 October 2020 |access-date=26 October 2020 |archive-date=14 April 2021 |archive-url=https://web.archive.org/web/20210414232224/http://investor.spiritaero.com/news-presentations/news-details/2020/Bombardier-and-Spirit-AeroSystems-Amend-Terms-of-Purchase-Agreement-Reduce-Net-Proceeds-Purchase-Price-to-275-Million-and-Expect-to-Close-on-Oct.-30-2020/default.aspx |url-status=live }}</ref>

On 12 February 2020, Bombardier sold its share in Airbus Canada Limited Partnership, the holding company for the A220 programme, for $591 million; Airbus now has a 75% share, with the remaining 25% owned by Investissement Québec.<ref>{{cite news |last1=Kaminski-Morrow |first1=David |title=Airbus takes 75% of A220 programme as Bombardier exits |url=https://www.flightglobal.com/news/airbus-takes-75-of-a220-programme-as-bombardier-exits/136722.article |work=Flight Global |date=13 February 2020 |language=en |archive-date=26 October 2020 |access-date=13 February 2020 |archive-url=https://web.archive.org/web/20201026020503/https://www.flightglobal.com/news/airbus-takes-75-of-a220-programme-as-bombardier-exits/136722.article |url-status=live }}</ref> This sale marked Bombardier's "strategic exit" from the commercial aviation sector.<ref>{{cite press release |title=Airbus and the Government of Québec become sole owners of the A220 Programme as Bombardier completes its strategic exit from Commercial Aviation |url=https://ir.bombardier.com/en/press-releases/press-releases/86019-airbus-and-the-government-of-quebec-become-sole-owners-of-the-a220-programme-as-bombardier-completes-its-strategic-exit-from-commercial-aviation |archive-url=https://web.archive.org/web/20200213094124/https://ir.bombardier.com/en/press-releases/press-releases/86019-airbus-and-the-government-of-quebec-become-sole-owners-of-the-a220-programme-as-bombardier-completes-its-strategic-exit-from-commercial-aviation |url-status=dead |archive-date=13 February 2020 |publisher=Bombardier Inc. |access-date=13 February 2020 }}</ref>

Despite rumours that its business jet activities might be sold to [[Textron]], parent company of [[Cessna]], [[Beechcraft]] and [[Bell Helicopters]],<ref>{{cite news |last1=McNish |first1=Jacquie |last2=Lombardo |first2=Cara |title=Bombardier in Talks to Sell Business-Jet Unit to Textron |url=https://www.wsj.com/articles/bombardier-in-talks-to-sell-business-jet-unit-to-textron-11580835712 |work=The Wall Street Journal |date=4 February 2020 |archive-date=5 February 2020 |access-date=5 February 2020 |archive-url=https://web.archive.org/web/20200205112745/https://www.wsj.com/articles/bombardier-in-talks-to-sell-business-jet-unit-to-textron-11580835712 |url-status=live }}</ref> on 17 February it emerged that Bombardier had instead agreed to sell [[Bombardier Transportation|its rail division]] to [[Alstom]] and would focus exclusively on business aviation.<ref>{{cite news |last1=Sarsfield |first1=Kate |title=Bombardier sells rail division to focus on business aviation |url=https://www.flightglobal.com/business-aviation/bombardier-sells-rail-division-to-focus-on-business-aviation/136801.article |work=Flight Global |date=18 February 2020 |language=en |archive-date=18 February 2020 |access-date=18 February 2020 |archive-url=https://web.archive.org/web/20200218144546/https://www.flightglobal.com/business-aviation/bombardier-sells-rail-division-to-focus-on-business-aviation/136801.article |url-status=live }}</ref>