Already running US$2 billion over budget, Bombardier Inc.'s CSeries will not see another cost increase, the head of the program affirmed Friday as the larger version of the jetliner successfully completed its maiden flight.
Bombardier Inc. increased a stock offering it had announced Thursday by 25% to $938 million, part of a previously announced plan to raise cash to contend with cost overruns on its CSeries family of jets.
As Bombardier Inc. CEO Pierre Beaudoin steps aside in a major shakeup, the Financial Post takes a brief look at the biggest challenges facing the incoming CEO Alain Bellemare when he takes over the struggling transportation giant.
�I've given up hope,� said Luc Fournier, fund manager at Industrial Alliance Insurance & Financial Services Inc. in Quebec City, who oversees about $600 million and says he sold the last of his Bombardier shares last month. �I got tired of waiting ...
Bombardier Inc. expects to receive a key safety certification for its high-speed trains in China next month, opening the door to new orders as the company struggles with weak margins and declining cash flow.