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Bombardier sells Flexjet business jet service

from Canadian Press via Edmonton Journal

Bombardier is exiting the fractional business aircraft ownership service after 18 years with the planned sale of Flexjet to a U.S. private equity firm for $185 million. "The sale of Flexjet's activities is a unique business opportunity that will allow Bombardier to focus on its core business areas," said Bombardier CEO Pierre Beaudoin in a statement. more

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