It's very telling that Bombardier decided to close Learjet down rather than try to sell it. There would have been plenty of buyers if they decided to. Even though the Learjet 75 is an old design there was still a market for it.
The aircraft manufacturers are deathly afraid of new companies entering the market creating more competition. Recently they've seen the entrance of Honda, Embraer, and Pillatus making the bottom of the market incredibly competitive which necessitated Bombardier's departure.
Bombardier's cheapest jet, the Challenger 350, now starts at $26 million. Time will tell if leaving the bottom end of the market was a good decision. The learjet 75 was being outsold by four to one by the competitors in it's market. They were just getting clobbered.
Just as electric and autonomous are about to shake the automotive industry to it's core, they are about to do the same to the aerospace industry. EVTOL aircraft are going to transform the whole aerospace industry over the next twenty years. We will see more change in transportation over the next twenty years than we have over the last sixty. We're just starting to see the tip of the iceberg and the old industry name are getting nervous. United just purchased 200 EVTOL's.
