Bombardier Inc.
Bombardier Inc. () is a Canadian business jet manufacturer. Headquartered in Montreal, the company was founded in 1942 by Joseph-Armand Bombardier to market his snowmobiles and became one of the world's biggest producers of aircraft and trains. In the 1970s and 1980s, the company diversified into public transport vehicles and commercial jets and became a multinational corporation. It grew particularly fast at the end of the 1980s when the turnover multiplied sixfold within six years. At that time it was North America's most important producer of railway vehicles, Canada's most important aerospace producer and the worldwide leading snowmobile manufacturer. The growth came mainly from buying failing government-owned companies at a low price and orchestrating a turnaround. However, the launch of the CSeries aircraft sent the company into deep debt, pushing it to the brink of bankruptcy by 2015. As a result, the company sold nearly all of its operations except business jet manufacturing. Bombardier manufactures several series of corporate jets: Global 7500, Global Express, Challenger 650 and Challenger 3500. Divested lines of business Commercial aviation In 1986, Bombardier acquired Canadair for C$120 million from the Government of Canada after it recorded the largest corporate loss in Canadian history. In 1989,