Bombardier Inc. is a Canadian aerospace manufacturer which produces business jets. Headquartered in Montreal, the company was founded in 1942 in Valcourt by Joseph-Armand Bombardier to market his snowmobiles; it later became one of the world's biggest producers of aircraft and trains. During the 1970s and 1980s, the company diversified into public transport vehicles and commercial jets, and it became a multinational corporation. Bombardier grew particularly fast at the end of the 1980s, when the turnover multiplied sixfold within six years. At that time, it was North America's most important producer of railway vehicles, Canada's most important aerospace manufacturer and the worldwide leading snowmobile maker. The growth came mainly from buying failing government-owned companies at a low price and orchestrating a turnaround. However, the launch of the CSeries aircraft sent Bombardier into deep debt, pushing it to the brink of bankruptcy by 2015. As a result, the company sold nearly all of its operations except business jet manufacturing. Bombardier manufactures two families of corporate jets, the Global series and the Challenger series. Wikipedia