Bombardier saw a $600-800 million impact on cashflow in the first quarter due to the COVID-19 crisis and projects a similar impact in the second quarter, during which it expects business activity to hit a low point before beginning to recover.
Alain Bellemare is stepping down as president and CEO of Bombardier, having overseen a radical reshaping of the Canadian company in a bid to restore its financial health.
As Bombardier hints at more aviation selloffs, some analysts and consultants have been speculating who might be interested if the Canadian manufacturer decides to cut ties with its business aircraft division.
The Weekly of Business Aviation polled leaders in the general and business aviation industry about what they think lies ahead in 2020 and the challenges they face. This is Part 2 of the two-part series.