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BRIEF-Bombardier CEO comments from press conference

Published 2015-10-29, 02:58 p/m
© Reuters.  BRIEF-Bombardier CEO comments from press conference
BBDb
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Oct 29 (Reuters) - Bombardier Inc BBDb.TO :
* CEO says expects to be able to make an announcement on rail unit stake sale
before end of year
* CEO says $1 billion investment from Quebec is one just piece of the solution
* CEO says minority placement in bt is part of the total solution, once that is
done liquidity no longer an issue
* CEO says his goal was to have sufficient liquidity to show markets that co is
not going anywhere
* CEO says he believes that the co has now achieved that goal
* CEO says on target on cash spend, lower global 5000-6000 is reason for higher
cash burn this year
* Bombardier ceo says on target on cash spend, lower global 5000-6000
"demand" is reason for higher cash burn this year
* CEO sees co being cash flow break-even in the 2018-2019 timeframe
* Says still looking at strategic options across the board on all units;
options need to make sense for shareholders
* CEO says price point on q400 is too high right now
* CEO says future of the q400 is in ability to take costs out, need to take
costs out to keep price down
* CEO says serious about plan to offshore some of the q400 part manufacturng in
order to lower costs
* CEO says likes "private placement" option on bt, but co is still undecided
that option versus an IPO
* Says co in a good place right now on the cseries; declines to comment on
whether co would sell further stake in jv
* CEO says co's dual class share structure did not come up in its negotiations
with Quebec on cseries

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