“Bombardier is in the midst of a 5-year turnaround plan to ensure our long-term success as a company. As part of this turnaround plan, we have been reviewing our facilities worldwide – including Downsview – to ensure we have the most efficient and cost effective operations necessary to support our growth objectives.
We remain committed to strongly supporting the Ontario aerospace industry and the Downsview Aerospace Innovation and Research Initiative, as we look at options for our Downsview site. Behind this review is the fact that Bombardier currently uses only about 10 percent of a 375-acre site and bears the entire cost of operating a 7,000-foot runway.
We understand that the property’s unique location, proximity to public transit, major highways, universities and shopping make it an ideal location for employment and other uses, and we will work with all stakeholders throughout our review process.”