(Reuters) - Bombardier Inc named a former United Technologies Corp executive as CEO, and reported a quarterly loss due to a $1.4 billion charge related to its decision to suspend its Learjet 85 business aircraft program.
The Canadian plane and train manufacturer said Alain Bellemare would replace Pierre Beaudoin, who is stepping down as president and chief executive officer.
Beaudoin will become executive chairman, stepping in for his father, Laurent Beaudoin, who is retiring after more than 50 years at the helm of the company.
The appointment comes as Bombardier is pushing to bring its high-stakes CSeries jet into service in the second half of this year after years of costly overruns.
Bellemare has worked for 18 years at United Technologies, maker of Pratt & Whitney aircraft engines. Mostly recently, he headed the company's propulsion and aerospace business.
Bombardier posted net loss of $1.59 billion, or 92 cents per share, in the fourth quarter ended Dec.31, compared with a profit of $97 million, or 5 cents per share, a year ago.
Revenue rose 12 percent to $5.96 billion.
Excluding the charge related to Learjet, the company earned 4 cents per share, compared with analysts' average estimate of 2 cents, according to Thomson Reuters I/B/E/S.
(Reporting by Swetha Gopinath in Bengaluru; Editing by Sriraj Kalluvila)
Relacionados
- La CE no tiene propuesta para Grecia y confía en la voluntad de llegar a acuerdo
- La CE defiende el refuerzo de Frontex tras la nueva tragedia al sur de Sicilia
- La CE recuerda a Tsipras que "las reglas de la UE valen para todos"
- La CE pesimista sobre un posible acuerdo con Grecia en los próximos días
- Lista Falciani: la CE aplaza hasta 2018 el final de la evasión y el fraude fiscal vía Suiza
