Rarely is it mentioned the mega bucks Bombardier will receive when the Global Express jets and Challenger corporate aeroplanes are delivered to operators like Vistajet, Net Jets, TAG, etc.
Kidding right?
The Global 7000 program is now delayed two more years to 2018. They also announced large cuts to the 5000 and 6000 production lines due to weak demand. And they've effectively cancelled the LearJet 85. All is not well in the business aircraft category.
As for the CSeries, they sold zero new orders at Paris. Zero! Meanwhile Embraer lined up 50 new firm orders for the E2.
The only reason Bombardier is desperately holding on on their train business is because they know they might not survive without it. But with US$9 billion in debt and burning cash like there's no tomorrow, they have no choice now but to spinoff the train business (in part or as a whole) to raise money. IPO, merger, JV, or outright sale.
Any further delay or mistake and Bombardier is heading to bankruptcy.
The Chinese don't want Bombardier's aviation business. But they are planning to massively invest in high speed rail and already have a couple joint-ventures with Bombardier. And by the way, Bombardier's train business is based in Germany. So if they do decide to sell or merge the train business there is only so much the Quebec or Canadian government can do to prevent it, especially if Canada enters a recession.