MONTREAL, Feb 24 (Reuters) – Bombardier said on Thursday it is targeting a recurring capital envelope of up to $600 million per year to invest in projects or debt repayment as the Canadian business jet maker lays out its 2025 financial objectives to investors.
The pure play corporate planemaker, which shed assets in recent years after facing a cash crunch in 2015, is separately targeting more than $500 million in free cash flow in 2025.
Reporting By Allison Lampert in Montreal Editing by Chizu Nomiyama
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
This news is republished from another source. You can check the original article here
Be the first to comment