The turnaroundBy and large, the turnaround of Bombardier is complete. The legacy legal issues have been resolved. The troubled assets, sold. The troubling debt load, trimmed and refinanced to give the company a long runway. The products, streamlined and concentrated, selling very well. The whip cream, service/maintenance business firing on all cylinders. Overall, the turnaround is complete.
The share price has recovered to suggest the company is back on good ground. The next couple of milestones are:
- Transitioning to the Mississauga finishing plant
- Opening a few more maintenance centres
- Continuing to climb learning curve for Global 7500 (which should be all but complete)
- 2022 guidance
- A few bulk contracts (more planes to Netjets, Flexjet, commercial airlines looking to add on high-end aircraft and routes)
- When all the above is complete, perhaps a corporate development activity (equity investment from an interested party, an acquisition of service centres or related businesses etc.)
The ship has been guided towards the right direction, now Eric Martel and team have to press on the gas, full steam ahead!
As the company makes advanced, the market will recognize and reward. $6/share by 2025.