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Bombardier delays new business jet

Planemaker's shares plummet 10% after it announces its Global 7000 will now enter service in second-half 2018

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HEAVY CASH FLOW USE: Development costs for the CSeries (above) and the Global family have forced Bombardier to raise more than US$3 billion in debt and equity this year to ensure it has adequate financing.

New York

BOMBARDIER Inc is pushing back the commercial debut of its Global 7000 business jet by two years - yet another setback for a planemaker that's consuming cash at a record rate as it focuses on development of its CSeries commercial plane programme.

Its shares plummeted the