By Allison Lampert
MONTREAL, March 19 (Reuters) – Canada’s Bombardier Inc BBDb.TO may face its first take a look at as a standalone enterprise jet maker as financial uncertainty linked to the fast unfold of coronavirus crimps demand for brand new company plane and has sparked fears of a recession, business executives and analysts stated.
Bombardier plans to grow to be a “pure play” jetmaker when it completes the sale of its rail division subsequent 12 months to France’s Alstom SA ALSO.PA. However aerospace analysts have cautioned {that a} one-unit firm with out income from different companies would create better threat within the occasion of a market downturn.
Executives are seeing indicators of softening enterprise jet costs, and consumers who had been taking a look at new and pre-owned plane at the moment are laying aside their choices, they stated.
Brian Proctor, president of Dallas-based non-public jet consultancy Mente Group, stated 4 offers he was engaged on for a mixture of recent and pre-owned planes had been placed on maintain within the final two weeks.
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