Bombardier to End Learjet Production in Bid to Boost Profits

Canadian aerospace manufacturer Bombardier (OTC: BDRAF) (OTC: BDRBF) said Thursday it would discontinue its classic Learjet brand as part of its continuing effort to boost profitability. "With more than 3,000 aircraft delivered since its entry-into-service in 1963, the iconic Learjet aircraft has had a remarkable and lasting impact on business aviation," CEO Eric Martel said in a statement. "However, given the increasingly challenging market dynamics, we have made this difficult decision to end Learjet production."