Canada’s Bombardier yesterday blamed a waning appetite for private jets from Chinese tycoons and Russian oligarchs for forcing it to cut 1,750 jobs and slow down production of its high-end business aircraft.
The production cutbacks for the Global 5000 and 6000 — which whisk chief executives and plutocrats between continents — are the latest setback for the company as it grapples with the high costs and lacklustre order book for its
C Series commercial jet.
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