Bombardier Reports First Quarter 2018 Results, Announces Sale of Downsview Property and plans for new Centre of Excellence for Global Aircraft

• Revenues increase 12% year-over-year to $4B, highlighting top-line growth acceleration
• Strong order activity drives backlog expansion at Transportation, Business Aircraft, and Commercial Aircraft
• Consolidated EBITDA(1) and EBIT before special items(1) of $265M and $201M respectively; EBIT margin(2) increases to 5%
• Free cash flow usage(1) of $721M, in line with plan and full year breakeven target
• Airbus partnership expected to close before the end of the second quarter, ahead of schedule(3)
• Entered into a definitive agreement to sell Downsview property to the Public Sector Pension Investment Board, increasing liquidity by more than $550M
• New Centre of Excellence for Global business aircraft planned at Toronto Pearson International Airport

full press release
https://www.bombardier.com/en/media/newsList/details.binc-20180503-bombardier-reports-first-quarter-2018-results.bombardiercom.html