BUZZ-Bombardier Inc: On track for worst day in 12 years as Learjet program halted

Thu Jan 15, 2015 10:03am EST
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** Canadian plane and train maker's shares down 21 pct at C$3.27, on track for their worst day in over 12 years

** Shares touches C$3.21, lowest level in more than 2 years, and is the top loser on the S&P/TSX composite index

** Pauses Learjet 85 aircraft program, cut its forecasts for 2014, to slash 1,000 jobs in U.S. and Mexico

** Says suspension of the new Learjet due to continued weakness in light aircraft category since the economic downturn

** Bombardier, pushing to bring high-stakes CSeries jet into service, sees $1.4 bln Q4 pre-tax charge on Learjet suspension

** Cuts 2014 forecast for cash flow from aerospace business to about $800 mln from $1.2-$1.6 bln