Bombardier to sell aerostructures business to Spirit AeroSystems
Share:
MONTREAL/WASHINGTON (Reuters) - Canada's Bombardier said on Thursday it had agreed to sell its aerostructures business to Spirit AeroSystems for more than $1 billion (£773 million) in cash and debt. As part of the deal, Bombardier will sell two aerostructure facilities - the Belfast plant and another in Morocco - along with a smaller repair plant in Dallas.The move is part of the Canadian company's plan to shed its commercial aviation business to focus on its higher-margin business jets and..