UPDATE 3-Bombardier says lower jet production to hurt revenue in 2016

* Expects liquidity position to be strong in 2016
* EBIT will be hurt in 2016
* Sees $25 bln rev by 2020

(Adds details from investor day presentation)
By Allison Lampert
MONTREAL, Nov 24 (Reuters) - Canada's Bombardier Inc
BBDb.TO warned on Tuesday a previously announced business jet
production cut will drive down revenue in 2016, but said its
long-delayed CSeries jet program will help sales at the plane
and train maker top $25 billion by 2020.
The Montreal-based company, which posted revenue of $20.1
billion last year, also said it expects its liquidity position
to be strong in 2016, helped by recent cash infusions from
Quebec's public pension fund and the provincial government.

Executives told shareholders and analysts at its investor
day in New York City that its 2016 earnings before interest and
tax (EBIT) would be hurt due to the CSeries passenger jet
program ramp-up.
But it sees EBIT margins rising back into the 7 to 8 percent
range by 2020 and said it plans to start reducing debt starting
in 2019 and 2020.
The plan's goal is to "rebuild earnings and cash flow,"
Chief Executive Alain Bellemare said.
Certification for the narrow-body, medium-range CSeries jets
was "very close", but no new orders were imminent, Reuters
reported on Tuesday, citing sources familiar with the matter.

Bombardier said last week it had finished flight testing of
the aircraft, due to enter service with Lufthansa LHAG.DE
subsidiary SWISS in the first half of 2016.
Quebec-based Bombardier has long been struggling with the
delayed CSeries jet program.
The jet program is already billions of dollars over budget
and has left Bombardier saddled with over $9 billion in debt.
The planemaker expects the program to turn a profit by around
2020.
But it faces the uphill task of ramping up production and
dealing with any cost overruns or snags on entry to service as
it tries to recover lost momentum.
The Quebec government agreed to inject $1 billion into the
CSeries program last month, while Caisse said last week that it
would buy a 30 percent stake in Bombardier's rail business for
$1.5 billion.
Bombardier's business jets have also been hit by weak demand
from China, Latin America and Russia. The company said in May it
would cut production of Global 5000 and 6000 jets.
The business jet division has been a key source of cash flow
for the company, helping it keep up spending to develop the
CSeries jets.
Up to Monday's close, the stock had lost 70 percent of its
value this year.