Canada’s Top Manufacturer At A Crossroads
Coming to the end of a painful restructuring, Canada’s top manufacturer Bombardier, still heavily indebted, faces the prospect of selling off major divisions just to stay afloat.
The company also said it would reassess its joint venture with Airbus, after selling in 2018 a majority stake in its CSeries jetliner to the world’s largest airliner manufacturer . Bombardier’s “ambitions were greater than its means,” echoed Quebec Economy Minister Pierre Fitzgibbon, agreeing that a selloff was in the cards.The Airbus Canada Limited Partnership requires additional cash investments to ramp up production, pushing out its “break-even timeline,” Bombardier said.
Rather, he said, Bombardier Transportation — because it is based in Berlin and employs only 1,500 people in Quebec — would be an easier sell politically. It was to be an extension of Bombardier’s regional aircraft program that had been very profitable in the 1990s.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top 6 Nigerian celebrities with real ‘Grass to Grace’ storiesCheck out these inspiring stories of some top celebrities (not exhaustive) – how they literally went through the gutters of life to sitting and dinning with presidents, kings, and princes of our time.
Read more »
Five mistakes you make while charging your phone - The Nation Latest Nigeria News, Nigerian NewspapersMany phone users tend to complain that their device’s batteries discharge quickly. They also typically blame the product manufacturer for this issue; however, the manufacturer isn’t always at fault. Here are some five mistakes that users typically make when charging their phones. Waiting for the Battery to reach low levels before charging Avoid waiting for …
Read more »
Top 6 Nigerian celebrities with real ‘Grass to Grace’ storiesCheck out these inspiring stories of some top celebrities (not exhaustive) – how they literally went through the gutters of life to sitting and dinning with presidents, kings, and princes of our time.
Read more »
INTERVIEW: How lack of formal education has hindered me -- SanyeriYoruba comic actor, Sanyeri, is the toast of filmmakers in his industry. He has been named one of the top three funny actors in his industry.
Read more »