BOM­BARDIER SEEKS BUYER FOR TORONTO MAN­U­FAC­TUR­ING SITE

National Post (Latest Edition) - - FINANCIAL POST -

Bom­bardier is shop­ping around its sprawl­ing air­craft man­u­fac­tur­ing site in Toronto’s high- priced real- es­tate mar­ket. The trans­porta­tion com­pany says it has put the 152- hectare Downsview lo­ca­tion north of the city’s down­town up for sale as part of its fi­nan­cial turn­around plan. The Mon­treal- based com­pany has been on the site since it pur­chased de Hav­il­land Canada in 1992 but the air­field was built in 1929 to test de Hav­il­land air­craft. The land, which has one run­way, was used for the pa­pal vis­its of John Paul II and served as a mil­i­tary base dur­ing the Sec­ond World War. It is a po­ten­tially valu­able piece of land near sub­way sta­tions and High­way 401. Bom­bardier owns sev­eral hangars where Q400 tur­bo­props and sev­eral busi­ness jets are as­sem­bled by about 3,500 work­ers. Spokesman Olivier Mar­cil said the land is larger than the com­pany needs and no fi­nal de­ci­sion has been made re­gard­ing a sale or re­lo­ca­tion of its op­er­a­tions. Only 14 hectares of space is reg­u­larly used.

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