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''The company’s net loss for the period was US$337 million, down from a restated year-ago loss of US$1.72 billion.''
''Earnings before interest, taxes, depreciation and amortization in 2021 will probably top US$500 million, while free cash flow burn is expected to be better than US$500 million, Bombardier said.''
''A “significant part” of the future improvement in Bombardier’s cash flow generation will come from debt reduction, Martel said. Bombardier had about US$4.7 billion of pro-forma debt at yearend.''
''Bombardier is now sitting on about US$5.4 billion of available cash, having just completed its transformation into a “pure-play” business-jet maker by selling its train business to France’s Alstom SA. It’s planning to repay about US$3 billion of debt in the coming months to reduce interest expenses, Martel said. Cost savings this year will probably reach US$100 million, rising to US$400 million annually by 2023, Bombardier said. The company will take a one-time charge of US$50 million in 2021 to “support its restructuring actions.''
''Asked about the situation at Bombardier, Quebec Premier Franois Legault said Thursday morning that his government would do its best to preserve as many jobs as possible, though he ruled out state aid.
At any rate, Bombardier has no plans to ask Quebec for financial assistance because the company has sufficient resources at its disposal, Martel later told reporters.''