Future of Bombardier in question after d Montreal
Future of Bombardier in question after debt-reduction options being considered.
Bombardier Inc. future is not bright as it is actively considering alternatives to reduce its massive debt. The company sold its aerostructures unit along with a large tract of land in Toronto after exiting the commercial aircraft business. The company said in a statement that they are working to reduce debt and solve the capital structure problems. The company has more than the US $9 million in long-term debt as of 31st Dec 2018. In the statement, the company said that they are actively pursuing alternatives that will allow them to speed up the debt paydown. The main objective is to position the business for long-term success with better operating and financial flexibility. There are specific options that the company might be looking at, such as selling all or part of the company. It may include one or both of their significant businesses that are trains and bizjets.