Business

Bombardier to reveal quarterly results a day early on Thursday

Bombardier has moved up the release of its first quarter results as the embattled aerospace and transportation company issued a brief statement late Tuesday saying it would report its results for the quarter ended March 31 on Thursday, not the day of its AGM, which will happen Friday.
Bombardier will reveal its quarterly results a day earlier than anticipated tomorrow, but will still host its annual general meeting on Friday. (John Morstad/Bloomberg)

Bombardier has moved up the release of its first quarter results.

The aerospace and transportation company issued a brief statement late Tuesday saying it would report its results for the quarter ended March 31 on Thursday, a day earlier than scheduled.

When asked the reason for the change, spokeswoman Isabelle Rondeau said, without elaboration, that it was a "conflict, schedule issue."

Bombardier has asked the federal government for $1 billion US to help sell its CSeries passenger jets, a request Ottawa has been studying carefully since it was first made late last year.

The company is also reportedly close to a major deal for CSeries with U.S. airline Delta.

Its transportation division is still publicly clashing with Toronto's public transit system, the TTC, as the train-maker is very far behind on a promised delivery of new streetcars for the transit operator.

The Quebec government has offered the Montreal-based company the same amount of money and says it is hoping to finalize the payment soon, after an original deadline to deliver the first instalment on April 1 came and went. Premier Philippe Couillard says the province's first payment will be made when issues, including liquidity, are dealt with.

Bombardier has its annual general meeting scheduled for Friday.

With files from CBC News

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