Bombardier sells training unit, Q400

摘要

Bombardier is selling its business aircraft training unit to CAE for $645 million and its Q400 turboprop program to Canadian airframe maker Viking Air for $300 million (see page 50) as part of a streamlining exercise expected to include the elimination of some 5,000 jobs over the next 12 to 18 months, the company announced November 8. The company expects both transactions to close by the second half of 2019 and generate net proceeds after assumption of certain liabilities, fees, and closing adjustments of $900 million.