Bombardier Chief Warns That Business-Jet Demand Remains Weak
- Planemaker posts wider-than-expected loss on C Series output
- Forecasts hold steady for revenue, earnings, cash flow
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Bombardier Inc. cautioned that private-aircraft prices will remain under pressure as it posted a wider-than-expected loss, adding to Chief Executive Officer Alain Bellemare’s burdens as he tries to turn around Canada’s largest aerospace company.
“The business-jet market will stay soft for a while,” Bellemare said in an interview Friday. “There will come a time where it will start to get better. We just don’t know when.”