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Bombardier profits slide 31%
03 June 2009
The regional jet manufacturer said cancellations of business aircraft owing to the economic downturn had negatively impacted its financial results
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Bombardier Aerospace
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Bombardier has reported a 31% fall in first quarter profits, citing cancellations for business aircraft owing to the recession as reason for the decline.
The Montreal-based regional jet manufacturer posted a net income of $158 million for the quarter, compared to $229 million for the equivalent period last year. Consolidated revenues were $4.5 billion, compared to...
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