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Podcast: IEN Radio
Episode: Bombardier Abandoning Commercial Aviation
Description: More than 30 years after snowmobile pioneer Bombardier first entered the aerospace sector, the company is reportedly set to depart the commercial aircraft industry entirely amid a broad restructuring effort.CBC/Radio-Canada reports that fresh off a $1.6 billion loss in its latest fiscal year, the one-time aviation and rail giant sold its stake in the A220 passenger jet to its partner Airbus for $591 million.The French aerospace giant now owns 75 percent of the A220 program, with the remainder owned by the government of Quebec.The deal will relieve the debt-ridden company from paying an estimated $700 million...