Bombardier turnaround on track as it puts Boeing battle behind it

Revenue was flat at $16bn while net losses narrowed to $553m, from $981m. Earnings before interest, tax and other one-off items rose 57pc to $672m.

Bombardier received a boost last month when it unexpectedly won a ruling at the US International Trade Commission, which found against rival Boeing’s demands that it impose swingeing tariffs on sales of the Canadian company’s C Series jet.

The US had threatened to slap import duties of 300pc on the C Series, after finding merit in Boeing’s complaint that the plane had benefitted from illegal state subsidies.

But publishing the details of its ruling earlier this week, the ITC said that “Boeing lost no sales or revenues” from the C Series. It found that the 110-seat C Series does not compete with Boeing’s smallest 737 MAX 7 plane.

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