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Selling its assets may be Bombardier's best option
Analysts and investors predict that it could hive off its Learjet division for as much as US$750 million, or sell a minority stake in its rail business
Published Sun, Mar 22, 2015 · 09:50 PM
New York
A BREAKUP may be Bombardier Inc's best option for its shares to gain lift-off, say analysts.
Shares of the US$3.5 billion maker of planes and high-speed trains have slumped almost 40 per cent in a year, while rivals such as Boeing Co and Airbus Group NV rallied. Delays and cost overruns on the new CSeries jetliner dragged Bombardier to its first annual loss in almost a decade last year. The company's debt is more than twice its market value.
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