TravelNewsAsia.com
Fri, 25 Jan 2019

Bombardier to Acquire Global 7500 Wing Program from Triumph

Bombardier has signed a definitive agreement to acquire the Global 7500 wing program from Triumph.

The acquired operations will be incorporated into Bombardier’s Aerostructures and Engineering Services segment.

Bombardier Global 7500. Click to enlarge.

To support a seamless transition of wing production and deliveries for the Global 7500 program, which successfully entered into service in December 2018, Bombardier will enter into a lease agreement for Triumph’s Red Oak, Texas, facility and continue to operate the production line with the employees currently supporting the program.

“This acquisition is a perfect strategic fit for Bombardier Aerostructures,” said Danny Di Perna, President, Bombardier Aerostructures and Engineering Services. “It will allow us to bring our extensive technical expertise to one of the industry’s biggest growth programs, while solidifying our position as a leading wing provider. We look forward to welcoming the Triumph employees to Bombardier and ensuring the success of the Global 7500 program.”

The acquisition of the program’s assets and obligations for a nominal cash consideration is expected to close in the first quarter of 2019, subject to certain closing conditions.

See latest HD Video Interviews, Podcasts and other news regarding: Bombardier, Triumph, Global 7500.

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
Latest Travel News
Advertising
Advertising
Copyright © 1997-2019 TravelNewsAsia.com