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Bombardier to Stop Making Iconic Learjet to Drive Up Profit
Bombardier Inc. will stop making Learjet aircraft and cut 1,600 jobs as part of a wide-ranging plan to boost profitability and reduce costs. (www.bloomberg.com) More...Sort type: [Top] [Newest]
Sad day indeed, Lears are the real hot rods of corporate aviation.
No, no they aren’t. Too slow to be the fastest, has bad runway numbers,poorly thought out cabin, cockpit and other aspects. High maintenance costs and handles like a dump truck.
It has never made sense to me, when a company becomes profitable by making a good product, and then spends that money to acquire other companies rather than put those profits back into their existing business. In many cases the original products that built the company start to be ignored while management turns their attention to the acquired businesses. Boeing and GE are prime examples of this. Now it looks like Bombardier is having the same problem. They run up tremendous debt buying these companies or product lines and later have to sell them off, or close them, when they realize how difficult it is to manage such a diverse company.
I think Bombardier has bigger issues going on at hand that they dont want to tell people about. First they sold the C200 series then the CRJ series and now they are dropping Learjet?? How much longer are they going to survive???
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Personal Water Crafts! The best made in Mexico!
Completely different company