Bombardier reiterates warning about CRJ production cut

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Bombardier has reiterated its warning that the airframer is taking a hard look at regional jet production rates to determine what level of cut to make in the fiscal fourth quarter.

"We have to decide exactly what needs to be done in both our businesses - business aircraft and regional aircraft. The commercial aircraft market is a tough market right now, so it's likely we will have adjustments. But I don't want to presume what we will say in [the fiscal] fourth quarter," company CEO Pierre Beaudoin told journalists yesterday.

Bombardier's FY2009-2010 ends on 31 January 2010. With new CRJ orders proving elusive, the manufacturer in September said a CRJ reduction announcement would happen by the end of the fiscal year and would most profoundly impact production in the next fiscal year that begins 1 February 2010.

Bombardier, meanwhile, says its CSeries programme is progressing. The aircraft is expected to generate $5 billion to $8 billion in annual revenue after it enters service in 2013, says Beaudoin.