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LAXintl
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Bombardier lays off 2,500 as business jets sales drop

Sat Jun 06, 2020 12:37 am

Death by a thousand cut it seems.

A global recession will certainly hit business jet demand. I am not sure BBD holding onto its already shrunk aerospace division is going to be a very viable pursuit.


Bombardier to lay off 2,500 workers as demand for business jets drops amid pandemic Social Sharing
https://www.cbc.ca/news/canada/montreal ... -1.5599665

=

Bombardier will lay off 2,500 workers as the company struggles to keep its operations afloat amid dwindling demand for business jets during the COVID-19 pandemic.

In a release Friday morning, the Quebec-based transportation company said the aerospace industry as a whole is expecting to see a 30 per cent year-over-year loss in business jet sales, forcing it to reduce its workforce.

The company said 1,500 of the permanent job cuts will be in its Quebec facilities and 400 in Ontario, with the rest of the layoffs in its international facilities. The layoffs will begin this month and be carried out throughout the year.
From the desert to the sea, to all of Southern California
 
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lightsaber
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Re: Bombardier lays off 2,500 as business jets sales drop

Sat Jun 06, 2020 12:44 am

Very sad. My heart goes out to those losing their wages. I am pleasantly surprised only 40 US layoffs:
https://www.bing.com/amp/s/news.yahoo.c ... 27349.html

This will cascade into vendors.

Lightsaber
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aemoreira1981
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Re: Bombardier lays off 2,500 as business jets sales drop

Sat Jun 06, 2020 12:50 am

Aside from executive jets, what else does Bombardier have left?

Finance: sold off to GE Capital in 2005 (hadn't originated a new loan after 2001)
Recreation - spun off in 2003 (that company still carries the Bombardier name)
Military: sold or shut down in 2000s
Commercial aviation: Dash 1-7 aftermarket supplies sold in 2005, type certificates in 2006, and Dash 8 in 2018, CSeries (now A220) being sold to Airbus, CRJ series sold to Mitsubishi (for aftermarket line; it stopped taking orders last summer)
Transportation: proposed to be sold to Alstom

Bombardier has the Challenger 300, Challenger 600, Global series, and Learjet 70/75. If I could bet on what's next to go---it would be the Challenger 600, as the basic design is 42 years old.
Last edited by aemoreira1981 on Sat Jun 06, 2020 12:57 am, edited 1 time in total.
 
GalaxyFlyer
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Re: Bombardier lays off 2,500 as business jets sales drop

Sat Jun 06, 2020 12:54 am

It’s bizjet maker exclusively. Interestingly, that’s 53rd Global 7500 pictured in the linked article. That’s a pretty high production rate, as number 6 is only 16 months old.
 
JesusProtects
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Re: Bombardier lays off 2,500 as business jets sales drop

Sat Jun 06, 2020 5:54 pm

My thoughts are with the workers. Such a shame.
 
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FLALEFTY
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Re: Bombardier lays off 2,500 as business jets sales drop

Sat Jun 06, 2020 11:48 pm

As things recover, I wonder if they will sell off the business jet operations to Textron, as rumored.
 
LCDFlight
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Re: Bombardier lays off 2,500 as business jets sales drop

Sat Jun 06, 2020 11:57 pm

GalaxyFlyer wrote:
It’s bizjet maker exclusively. Interestingly, that’s 53rd Global 7500 pictured in the linked article. That’s a pretty high production rate, as number 6 is only 16 months old.


Impressive. That is a nice beefy amount of revenue into the company. Hopefully they are making money on that.
 
TruNorth
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Re: Bombardier lays off 2,500 as business jets sales drop

Sun Jun 07, 2020 3:06 am

aemoreira1981 wrote:
Aside from executive jets, what else does Bombardier have left?

Finance: sold off to GE Capital in 2005 (hadn't originated a new loan after 2001)
Recreation - spun off in 2003 (that company still carries the Bombardier name)
Military: sold or shut down in 2000s
Commercial aviation: Dash 1-7 aftermarket supplies sold in 2005, type certificates in 2006, and Dash 8 in 2018, CSeries (now A220) being sold to Airbus, CRJ series sold to Mitsubishi (for aftermarket line; it stopped taking orders last summer)
Transportation: proposed to be sold to Alstom

Bombardier has the Challenger 300, Challenger 600, Global series, and Learjet 70/75. If I could bet on what's next to go---it would be the Challenger 600, as the basic design is 42 years old.
.

I quoting this reply the Military side of bombardier was sold to CAE. (At least the training part). Here in Moose Jaw Saskatchewan and cold lake Alberta. I used to work there.
 
ThePointblank
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Re: Bombardier lays off 2,500 as business jets sales drop

Sun Jun 07, 2020 5:22 am

Should be noted that a day after Bombardier announced the layoffs, the Canadian government purchases a pair of Challenger 650's for delivery this summer to replace the older Challenger 601's.
 
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SierraPacific
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Re: Bombardier lays off 2,500 as business jets sales drop

Sun Jun 07, 2020 6:22 am

Wasn't Cessna going to buy the business jet side pre Covid as well?

Seems like prep for the handover if it is still happening
 
UPNYGuy
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Re: Bombardier lays off 2,500 as business jets sales drop

Sun Jun 07, 2020 12:13 pm

Not bizjet related, but Bombardier BRP arm has suddenly shuttered the Evinrude line of outboard boat motors. They were criticized as (while being high performance and modern) never embracing four stroke design, while almost all modern outboard out there now uses four stroke.

Seems like all tentacles of bombardier are in trouble.
 
MIflyer12
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Re: Bombardier lays off 2,500 as business jets sales drop

Sun Jun 07, 2020 12:34 pm

Once the pending rail transaction of complete there's nothing left but business jets. If Bombardier sells or merges that, the Nortelization of BBD will be complete - from grandness to nothing in a generation.

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