What was found
(CAN) FLIGHT WAS IN CRUISE AT FL310, ENGINE 2 BLEED WAS ON MEL, ENGINE 1 BLEED FAILED RESULTING IN LOSS OF PRESSURIZATION, ACFT DESCENDED TO A100 AND TURNED TOWARDS DIVERSION AIRPORT, BEGAN HOLD TO BURN OFF FUEL DUE OVERWEIGHT LANDING. CFR WAS ON STANDBY FOR HIS TOUCHDOWN. ARRIVED WITH NO FURTHER INCIDENT AND WAS FOLLOWED TO GATE BY CFR. NR 2 TLT REPLACED IAW 36-11-55, PB 401 NR 2 PRV REPLACED IAW 36-11-52-PB401 SENSE LINES INSP/CHECK C/O IAW 36-11-55. NO FAULTS ENGINE RUNS COMPLETED SERVICABLE.