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Streamlined Bombardier Faces a Steep Climb After Selling Units

Oct. 26, 2020, 9:00 AM

Bombardier Inc. is the little aerospace company that can’t seem to catch a break. Once valued at more than $20 billion, the Canadian company today is worth a fraction of that and was kicked out of the S&P/TSX Composite Index earlier this year. Its woes stem largely from the C Series commercial jet program it launched in 2008. That effort was scuttled by delays, budget overruns, and an (ultimately unsuccessful) trade complaint from Boeing Co., forcing Bombardier to sell a majority stake in the program to Airbus SE for a single Canadian dollar. Airbus earlier this year agreed to ...

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