Canada's Bombardier Inc will face pressure from skeptical investors at an a...
- Canada’s Bombardier Inc will face pressure from skeptical investors at an annual meeting on Thursday about whether the plane-and-train-maker’s turnaround plan is still on track as its transportation division grapples with delayed rail contracts.
The rail division, which is expected to generate $10 billion next year, is crucial to Bombardier’s five-year turnaround plan, after heavy investment in aircraft production drove it to the brink of bankruptcy in 2015. Some investors questioned Bombardier’s credibility in changing its financial guidance following a recent debt raise.
A Bombardier spokesman declined to comment and said management would address questions at the meeting.
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