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Bombardier confirms the closing of the aerostructures business transaction

30 October 2020, Montréal, CANADA

The closing of the previously announced aerostructure business transaction between Bombardier Inc. and Spirit AeroSystems Holding, Inc. came into effect on October 30, 2020.

Spirit now owns Bombardier’s aerostructures activities and aftermarket services operations in Belfast, U.K.; Casablanca, Morocco; and its aerostructures maintenance, repair and overhaul (MRO) facility in Dallas, U.S. in exchange for cash consideration of $275 million, Spirit’s assumption of liabilities, including government refundable advances, pension obligations, as well as certain adjustments to the parties’ trading agreements favourable to Bombardier. The total transaction value is approximately $1.2 billion.

Source: Bombardier

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