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Bombardier Contends With Tough Competition in the Long-Range Business Jet Market
In late 2017, Bombardier faced difficult choices as ballooning costs and delays of developing the narrow-body commercial jet that would become Airbus’ A220 overstretched its financial resources. Between 2018 and 2022, the erstwhile transportation conglomerate radically rationalized its portfolio, shedding more than half of revenue and assets in the sale or disposal of its two largest commercial aircraft lines to Airbus and Mitsubishi, its aerostructures shop to Spirit Aero Systems, and the ancestral Bombardier train manufacture to Alstom. What remains is a narrow-moat business focused on manufacturing and servicing the long-range Global and medium-to-large Challenger families of business jets.