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Bombardier fully exits the airliner business

  • Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) has agreed to sell a wing factory in Northern Ireland and two other facilities to Spirit AeroSystems (NYSE:SPR) for $500M and the assumption of certain liabilities.
  • The Belfast operation makes wings for the Airbus A220 jetliner, an aircraft that cash-strapped Bombardier developed before handing control last year to the European planemaker.
  • The deal also includes a plant in Morocco and a maintenance, overhaul and repair shop in Dallas.

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SymbolLast Price% Chg
BDRAF--
Bombardier Inc.
SPR--
Spirit AeroSystems Holdings, Inc.