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Bombardier claims that rough times are in the past
It’s been a rough ride for Bombardier’s management, workforce, and stock prices; but VP Investor relations Patrick Ghoche says that the company has navigated through the worst of it and is now delivering on its plan to be at the break-even point by late next year.
It’s all part of a five-year recovery plan that CEO Alain Bellemare (MBA’93) put into effect in 2015. But those efforts are up against legal troubles surrounding an Azerbaijan train deal, poor sales of the CSeries jet and problems with delivering streetcars to Toronto. Bombardier is also saddled with almost US $9 billion of debt.
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