Bombardier announced Thursday it has eliminated a senior leadership position as it prepares to become a business aviation company.
In a release, Bombardier stated it has cut the position of Bombardier Aviation president and that David Coleal, who was appointed as president in May 2019, will leave the company. The company said the cut was part of the process of “streamlining its senior leadership team.”
While it prepares to only make planes for business aviation, the company recently sold its commercial aviation program and is selling its train division.
“With the sale of Bombardier Transportation nearing completion, we are preparing for our future as a business aviation company,” Éric Martel, Bombardier Inc. president and chief executive officer, said in the release. “Our goal is to create a leaner, more agile and customer-centric company to better capture growth opportunities with our industry-leading business-jet portfolio. This includes simplifying our corporate leadership structure.”
Bombardier, which is headquartered in Montreal, recently sold its commercial aviation program formerly known as the C Series to European planemaker Airbus SA.