The Montreal-based company is also looking to sell its Morocco and Belfast aerospace factories. The aerospace firm also faces pressure from the Canada Pension Plan Investment Board (CPPIB) and other investors who are seeking to end the company’s dual class-share structure to remove the founding family’s control. Bombardier stock dropped 4.7 per cent in late afternoon trading. (Financial Times, Globe and Mail)

Talking point: Bombardier is trying to get rid of its business’s less profitable elements to focus on two divisions: business aircraft and rail. Some shareholders are skeptical that the rail division will hit its targets, however. Bombardier has faced challenges this year with projects in New York, Germany, Switzerland and London. It’s not just CPPIB that is seeking to force change at the company—the British Columbia Investment Management Corp, the California State Teachers’ Retirement System and the State Board of Administration of Florida are also looking to remove the family’s control. The Bombardier-Beaudoin family has vowed to fend off the attempt, and still controls 50.9 per cent of the voting rights. But that doesn’t mean it won’t change business direction, especially if more institutional investors line up to oppose it.