Revenues fall at Bombardier – but losses narrow
Bombardier has posted a near 10% fall in third-quarter revenue, due to lower business-aircraft revenue.
The firm, which has a significant base in Derby, said its loss narrowed significantly in after it was hit by a large charge on two jet programs a year ago.
Bombardier Transportation, which makes trains in Derby, also saw a 10% loss in revenue for the three months to 30 September - down from £1.985bn in 2015 to £1.782bn this year.
Last month, Bombardier said it was preparing to cut 7,500 jobs – the second time it has shaved 10... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
