Canadian shuttle train farmer Bombardier is on the verge of extinction

The heavily indebted Canadian train and aircraft manufacturer Bombardier is apparently on the brink. The Montreal-based company cut the last connections on Thursday to the smallest Airbus passenger plane, the A220, which had been developed by Bombardier.

The move will help “in our efforts to build our capital structure” and will complete the phase-out of commercial aircraft construction, said Bombardier CEO Alain Bellemare. The shares in the A220 go to the majority owner Airbus and the province of Quebec.

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