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Bombardier Backs Away From 2020 Forecast, Plans Belfast Sale

02 May 2019 15:53 | Divjot S. Mehton (Administrator)

Bombardier Inc. backed away from its 2020 forecast a week after cutting its 2019 outlook, and said it would sell a Northern Ireland wing factory as the company extends a revamp to focus primarily on making luxury jets and trains.

The manufacturer is unable to reaffirm its financial targets for next year, and Chief Financial Officer John Di Bert said he couldn’t provide any additional “precision.” Bombardier also announced Thursday the formation of a new aerospace division that will oversee private aircraft and CRJ regional jets.

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