Image: Bombardier Aviation
Bombardier has announced that it will consolidate its aerospace assets into a single business unit under the heading Bombardier Aviation. As part of the consolidation, Bombardier will be looking to sell its Belfast and Morocco aerostructures businesses. The company says the move will allow it to better focus on its Global, Challenger, Learjet and CRJ brands. David Coleal, leader of Bombardier’s business aircraft division since 2015, has been appointed president of the new unit.
“With our clear vision for the future of Bombardier Aviation, we will focus our aerostructures activities around our core capabilities in Montral, Mexico and our newly acquired Global 7500 wing operations in Texas,” said Bombardier CEO Alain Bellemare. “Collectively, these facilities provide Bombardier with all the skills, technologies and capabilities to design, produce and service the current and next generation of aircraft.”
Bombardier also released its financial results for the first quarter (Q1) of 2019. The company reported revenues of $970 million on 24 aircraft in its business aircraft segment—down from $1.1 billion on 31 aircraft during the same period in 2018—and $241 million on four aircraft in its commercial segment versus $463 million on eight in Q1 last year. The company’s aerostructures and engineering services segment saw a 5% increase from Q1 2018 from $446 million to $470 million.
