Bombardier gives up jetliner ambitions for luxury planes, trains
Private business jets have been its most profitable division; it also remains open to rail partnerships
Thu, Oct 19, 2017 - 5:50 AM
After relinquishing control of its CSeries jets to long-time rival Airbus, Bombardier is likely to sharpen its focus on private jets and trains - two businesses with higher margins.
BY relinquishing control of its CSeries jets to long-time rival Airbus, Bombardier is scaling back its ambitions to build jetliners for the world's airlines. The deal marks a step away from what had been touted as the crown jewel of Canada's biggest aerospace company before it...