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Bombardier in talks with Canadian govt on further cash infusion: CEO

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Published Wed, Nov 18, 2015 · 09:50 PM

    Las Vegas

    BOMBARDIER Inc is in talks with the new Canadian government about a further cash infusion into its struggling CSeries jet programme, which the planemaker expects to turn a pro-fit by around 2020, according to chief executive Alain Bellemare.

    The long-delayed single-aisle passenger jet programme is already billions of dollars over budget and has left Quebec-based Bombardier saddled with over US$9 billion in debt. The 2020 profitability date is broadly in line with analyst expectations.

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