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BRIEF-Bombardier comments from Q3 conference call

Published 2015-10-29, 09:02 a/m
© Reuters.  BRIEF-Bombardier comments from Q3 conference call
BBDb
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Oct 29 (Reuters) - Bombardier Inc BBDb.TO :
* Says liquidity position is now solid with Quebec investment
* Says committed to success of the cseries, say aircraft is exceeding
performance targets
* Says partnership with Quebec makes it more confident than ever that the
cseries will be a commercial success
* Says still pursuing "placement" of minority stake in Bombardier rail unit,
sees announcement soon
* Sees year end liquidity at around $4 billion, before accounting for cash
infusion from Quebec
* CFO sees free cash flow improving significantly next year
* Says to build 15 to 20 cseries aircraft next year
* Says will be gradual ramp up to full production rates for cseries beyond 2016
* Says looking at other strategic opportunities on the rail and aerospace side,
will not speculate on other plans now
* CEO says market was not supporting further investment in learjet 85 program
* Sees cseries turning cash flow positive in 2020-2021 timeframe
* Says with Quebec funding, & expected cash infusion from rail stake sale will
give co solid liquidity of about $6 billion

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