Bombardier deal with Spirit AeroSystems sees shares up 7%
The aircraft manufacturer will sell two facilities to Spirit, one in Northern Ireland and one in the US as part of its restructuring
31 October 2019 - 18:07
Montreal — Bombardier said on Thursday that it would meet a key 2019 target and announced a deal worth more than $1bn with Spirit AeroSystems, sending shares up nearly 7% despite reporting it burnt more cash than expected.
Montreal-based Bombardier is in the middle of a restructuring, shedding underperforming commercial aircraft programmes to focus on more profitable business jet and rail units...
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