Bombardier Transportation helping C-Series new jet to Fly

The Montreal-based company said it was making good progress with its $3.4 billion C-Series development program, but supplier issues forced it to delay the first flight from year-end to June 2013, a move widely expected by analysts.

Bombardier, the world’s largest train maker, also said it would cut more than 3 percent of its rail unit workforce of about 36,000 and close a freight car plant in Aachen, Germany, which employs about 400 workers. Management has said this year that it wanted to better align global manufacturing with business demand, said Rattee, calling the move a prudent strategy.Bombardier expects a restructuring charge of up to $150 million in the fourth quarter for the rail cuts.



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