Bombardier CEO: Company Has Had Daily Leadership Calls, “intense focus” on Cost and Cash Flows...
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June 23, 2020 - by Kerry Lynch for ainonline.com
Recognizing that Bombardier's financial performance has "disappointed," recently named Bombardier president and CEO Eric Martel outlined a six-point plan to boost the company's business that has included the alignment of its business aircraft production with demand and increased outreach in the aftermarket segment.
Addressing the Bombardier annual meeting of shareholders late last week, Martel stressed that while progress has been made to streamline and focus the business, "We have not met our financial targets and your expectations. Repeated program delays and technical challenges have tarnished our reputation for operational excellence."
He further acknowledged that performance has shaken...
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