Bombardier on target

MONTREAL (CP) — Bombardier Inc. says its largest jetliner, a massive rail backlog and aftermarket services will propel the plane-and-train maker to 10 per cent revenue growth in 2019, roughly in line with analyst expectations.

The 2019 forecast comes in the wake of a 60 per cent stock

dive over the past five months and recent restructuring plans that will see 5,000 employees lose their jobs over the next five years. Bombardier forecasts total revenues of about US$18 billion next year, as the freshly certified Global 7500 – its longest-range business jet – enters into service.