Bombardier reported net income of C$707 million ($696 million) for its fiscal year ended Jan. 31, down 31.1% from C$1.03 billion in the prior fiscal year, blaming a "challenging economic backdrop" for the drop. President and CEO Pierre Beaudoin said the company had taken "necessary steps" during the fiscal year in its Aerospace division "to adapt to the economic reality," including slashing thousands of jobs and cutting production rates for both business and regional aircraft (ATWOnline, ...

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