The Montreal-based company expects to pocket less than it first anticipated in the sale of its train division.

Waterloo Region will receive $2.2 million and an LRT vehicle from Bombardier as compensation for delays in the initial delivery of LRT vehicles for the ION system.

Industry business aircraft deliveries decreased 30 per cent from the prior year, but longer-term trends are encouraging, says CEO Eric Martel.

Bombardier says it has the liquidity to operate through the COVID-19 pandemic.

Alain Bellemare stepped down from his role in April.

The federal Liberal government is buying two new Challenger jets from Bombardier to replace half the military's existing executive aircraft fleet.

Bombardier says the jobs will be eliminated "progressively throughout 2020."

The cuts will see 1,500 layoffs in Quebec and 400 in Ontario, as well as 500 in Mexico, 40 in the United States and about 60 outside North America.

Bombardier Inc. says it will temporarily lay off 196 employees working on regional transit services in the Greater Toronto Area due to a steep decline in ridership numbers amid the COVID-19 pandemic.

The sale of its CRJ aircraft series paves the way for Bombardier to focus on its one remaining income stream: private jets.