Nov 24 (Reuters) - Bombardier Inc BBDb.TO :
* CEO says focus now on improving earnings and free cash flow
* CEO says flight testing on cs100 variant of cseries is now complete
* CEO sees sales in 2020 topping $25 billion, with EBIT margins in the 7 to 8
percent range
* CFO sees co generating positive free cash flow by 2018
* CFO says 2016 margins will be hit by initial ramp-up on cseries
* CFO says any further near-term pressure on the euro will prove to be a
headwind on the revenue side
* CFO says rail transaction will be dilutive, but the cseries jv will be
anti-dilutive due to losses booked
* CFO says revs in 2018 will top $20 billion
* CFO says 15 to 20 cseries aircraft will be delivered in 2016
* Sees between 255 and 315 cseries aircraft delivered by the end of 2020
* CEO says co remains committed to its 3 business jet and 3 commercial aircraft
programs
* Says co plans to refinance 2018 debt maturities, begin deleveraging in 2019