Bombardier Inc. has pushed back the delivery date for its flagship CSeries jetliner once again, with CEO Alain Bellemare confirming Friday that it won't begin commercial flights until 2016 - three years later than originally planned.
Bombardier Inc. has put the worst behind it and new orders for the CSeries are about to start rolling in, so the �deep negative sentiment� reflected in the stock price is no longer warranted, according to a new analysis by RBC.
Victor J. Blue/BloombergPierre Beaudoin, who is now Bombardier's executive chairman after being replaced as CEO by Alain Bellemare last month, saw cuts to his base salary, stock options and annual incentive payments in 2014.
SEBASTIAN WILLNOW/AFP/Getty ImagesThe CRJ family was Bombardier's flagship commercial line before the planemaker opted to emphasize the larger CSeries, which is two years late and whose $5.4 billion program cost is at least $2 billion over budget.
BombardierBombardier Inc. lost the second prospect within a week for its CSeries aircraft after Deutsche Lufthansa AG opted instead for Embraer SA jets to renew the short-haul fleet of its Austrian subsidiary.