The canadian Corporation Bombardier reported a decrease in the net loss for the third quarter of this year 98% to 94 million canadian dollars ($69.8 million), compared to 4.9 billion loss in the same quarter last year. This writes TASS.
The decrease was attributable to higher payments in connection with the delays of the CSeries program and non program the Learjet 85 in early 2015. Then at the end of the CSeries program, the company received a 1 billion canadian dollars from the government of Quebec.
This year, Bombardier was able to run the program CSeries. The first CS100 aircraft was delivered to launch customer Swiss International Air Lines on 29 June, the ship made its first commercial flight on July 15. In the same month, the canadian transportation Agency has certified a larger CS300 aircraft. However, Bombardier was forced to cut plans for the supply of aircraft of the new series this year from 15 to 7 units because of problems in the supply of engines.
The group’s revenue for the last quarter decreased by 10% due to the planned reduction of business in the segment of business aviation and other anti-crisis measures.
Rail division of Bombardier Transportation reduces income in the third quarter by 10% to 1.78 billion canadian dollars, while the volume of new orders for the quarter amounted to 2.9 billion canadian dollars, a third more than the year before. As at the end of the quarter the portfolio of Bombardier Transportation was 31 billion canadian dollars, 2% more than in the beginning of the year. The operating profit of the division improved in the past quarter by 25% yoy from 131 million canadian dollars to 164 million dollars.