The shake-up continues at Bombardier, with new CEO Alain Bellemare replacing Mike Arcamone, the president of the commercial aerospace unit, with the former president of mega-lessor International Lease Finance Corp., Fred Cromer.
Bellemare also retained the consulting firm Plane View Partners, whose CEO, Henri Coupron, was the former CEO of ILFC. Both men lost their jobs when AerCap purchased ILFC, making AerCap the second largest lessor in the world (behind GECAS).
Arcamone’s days were considered numbered once Bellemare was named CEO in February.
Landing Cromer is a major positive for Bombardier. Arcamone’s strength was production, for which the CSeries program benefited as it was challenged by supply chain issues. But Arcamone, who came from the auto industry, didn’t have aviation sales experience. Cromer’s experience as president of ILFC brings sorely needed direct commercial aviation know-how to Bombardier, complimenting Bellemare’s background from Pratt & Whitney.
Coupron’s involvement is also a major positive. In addition to his time as CEO of ILFC, Coupron had a long career at Airbus, followed by a short tenure at consultantcy Seabury Group before joining ILFC.
These are major steps that will help remake Bombardier’s commercial unit and give support to the CSeries.
Bellemare is expected to complete his studies and recommendations how to remake Bombardier and the aerospace programs in advance of the Paris Air Show in June.