Bombardier CEO sees decision on loss-making CRJ jet this year [Reuters]
Embraer S.A. (ERJ)
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Source: Reuters
Bombardier CEO sees decision on loss-making CRJ jet this year | Reuters 3 Min Read MOBILE, Ala. (Reuters) - Bombardier Inc ( BBDb.TO ) aims to make a decision this year on the future of its CRJ regional jet as it “aggressively” pursues new orders to secure its industrial future, the Canadian planemaker’s chief executive said on Wednesday. The company is exploring “all strategic options” for the loss-making program including a potential sale, but its immediate focus is to win orders and cut costs, CEO Alain Bellemare told Reuters. Asked whether Bombardier would reach a decision this year, he said, “I hope so, for sure. The more certainty we can provide the better but we are getting good traction”. Bellemare was speaking on the sidelines of a ceremony marking a new U.S. assembly line for the larger A220 jetliner development, which Bombardier agreed in 2017 to sell to a venture led by Europe’s Airbus ( AIR.PA ). Bombardier, which had struggled to keep pace with the huge cash demands
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ERJ
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- 3/19/24 - Beat
ERJ
Sec Filings
- 4/5/24 - Form 20-F
- 4/5/24 - Form 6-K
- 3/28/24 - Form 6-K
- ERJ's page on the SEC website