On Thursday, Bombardier announced the dismissal of Aviation unit President David Coleal and the elimination of the position, saying that it simplifies the corporate leadership structure. While the move caught many off guard, it’s not surprising for a company dealing with a plethora of simultaneous challenges.

The announcement comes on the heels of Spirit AeroSystems’
SPR
warning last week that it was uncertain about closing on its $500 million acquisition of Bombardier’s aerospace structures plants in Northern Ireland and Morocco. The sale of Bombardier’s rail division is still expected to close in the first quarter of next year, but not before buyer Alstom used Bombardier’s position of weakness to write itself a nearly billion dollar discount from its original offer. Fortunately, the sale of its CRJ Series aircraft program to Mitsubishi closed in June.

Through divestitures, Bombardier has now whittled itself down to a pure-play business jet manufacturer, the timing

Read More