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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (76538)	2/13/2020 8:53:54 AM
From: Goose94	Read Replies (1) of 203026

Bombardier (BBD.B-T) has cut ties with its former crown jewel, announcing today it’s exiting the A220 partnership by divvying up its stake between Airbus and Quebec, the joint-venture’s other partners. Bombardier will pocket US$591 million in the process and avoid hefty funding requirements, which CEO Alain Bellemare touts as “[supporting] our efforts to address our capital structure.” And the company might not be done on that front, with another wave of reports that Alstom could be prepping an offer for Bombardier’s rail unit. The business jet and train maker isn’t dousing the speculation, reiterating today it’s “actively pursuing options that would allow it to accelerate deleveraging.” Today we’ll assess how it came to this for the once-mighty transportation company and what its best options might be to manage a still daunting debt load. Separately, this morning’s financial results were pretty much in line with the preliminary numbers released last month, while forecasts for this year include positive free cash flow and more than US$15 billion in revenue (analysts expecting US$17.3B). BNN.ca

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