Bombardier completed strategic pivot to business aviation with $8.3b Alstom sale

Bombardier has accelerated its strategic focus on y on business aviation with the $8.3 billion sale its rail business, Bombardier Transport to French rail firm Alstom.“Today marks an exciting new chapter for Bombardier. Going forward, we will focus all our capital, energy and resources on accelerating growth and driving margin expansion in our market-leading $7.0 billion business aircraft franchise,” said Alain Bellemare, President and Chief Executive Officer, Bombardier“With a stronger balance sheet after the completion of this transaction, an industry-leading portfolio of products, a strong backlog, and a rapidly growing aftermarket business, we will compete in this market from a