- Bombardier said on Thursday it is cooperating with an investigation opened by the U.K. Serious Fraud Office in connection with a near decade-old sale of aircraft to Indonesian carrier Garuda, dragging down the Canadian company’s shares after an earnings-inspired rally.
Montreal-based Bombardier said in an emailed statement that it has “launched an internal review conducted by external counsel,” and “no charges were laid against Bombardier or its employees in connection with this matter.” Bombardier said free cash flow usage was $706 million during the quarter, and it aims to break even during the second half of 2020.
Martel said business jet order activity is improving, especially for its mid-sized Challenger aircraft.
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