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After surrendering CSeries, Bombardier pushes regional plane revival

Reuters  |  MONTREAL 

By Allison LampertMONTREAL (Reuters) - As Bombardier surrenders hopes of securing a top spot in commercial aviation with the sale of its money-losing CSeries jet program to Airbus, the Canadian company is now drawing up plans to breathe new life into its older regional planes.Bombardier is shoring up its loss-making regional jets and turboprops with a mixture of hard-sell, cost-cutting and outsourcing. It is also growing its line of business jets after a cash squeeze and production delays forced it to cede a majority stake in its high-tech CSeries which aims to break into the market for ...

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First Published: Wed, June 20 2018. 17:39 IST