Bombardier reported a 2015 consolidated net loss of $5.34 billion, widened from a $1.25 billion net loss for 2014. Full-year revenue for the commercial aircraft sector was down 12.6% to $2.4 billion. Buoyed by a letter of intent from Air Canada for up to 75 CSeries 300 airliners, Bombardier announced the latest in a series of steps to turn the company around, including a further 7,000 job cuts, none of which are in the commercial aviation sector. CEO Alain Bellemare said on a Feb. 17 ...

Subscribe to Access this Entire Article

"Bombardier widens net losses in 2015; announces job cuts" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.