Bombardier continued its quest for stabilization following a difficult 2020, announcing numerous changes across the company as it seeks to achieve profitability. The most recent casualty will be the Wichita-based Learjet, which will cease production in the fourth quarter of 2021. Asset Disposals Generated Much-Needed Cash Bombardier’s recent asset disposals have generated significant cash on hand, growing by $3.6 billion following the sale of Bombardier Transportation to Alstom, of which the Canadian manufacturer turned over its personnel and facilities to…
On Oct. 22 Southwest Airlines announced the company’s third-quarter financial results. As expected the airline posted a large loss and continues a high level of daily cash burn as the industry continues to navigate the effects of the Covid-19 pandemic. The airline also announced a change to the passenger experience…
