Canadian aerospace company Bombardier announced, during the release of its annual results for 2020 on Thursday, its latest steps to return to profitability. The company is now focused entirely on the manufacture and support of business jets, having disposed of its commercial aviation and aerostructures operations (to Airbus and Spirit Aerosystems respectively) and its ground transportation – railways, trams and monorails – business (to Alstom), to escape severe financial difficulties. During last year Bombardier made a total net loss of $568-million, a significant improvement over the $1 607-million net loss for 2019. However, of the 2020 loss, only $170-million came from the company’s continuing operations, while $398-million came from operations that had now been discontinued. (The sale of the transportation business had only recently been concluded.)
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