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Bombardier Drops Iconic Learjet to Focus on Luxury Models

  • Former favorite of Sinatra to wind down after 58 years
  • Company to cut 1,600 jobs as part of cost-saving push
A Bombardier Inc. Learjet 60XR. 

A Bombardier Inc. Learjet 60XR. 

Photographer: Munshi Ahmed/Bloomberg

Updated on

Bombardier Inc. will stop making Learjet planes and cut 1,600 jobs as part of a wide-ranging plan to boost profitability and reduce costs.

Production of the iconic private aircraft, which came onto the market almost six decades ago, will cease in the fourth quarter, the Montreal-based manufacturer said in a statement Thursday. That will allow the company to focus on its larger, faster and more lucrative Challenger and Global business jets.