January 15, 2015 / 12:52 PM / 3 years ago

Bombardier to suspend business jet program, cut 1,000 jobs

TORONTO, Jan 15 (Reuters) - Bombardier Inc said on Thursday that it had suspended its Learjet 85 aircraft program and was laying off about 1,000 employees due to weak demand for the business jet.

The Canadian plane and train maker said the move reflected continued weakness in the light aircraft category since the economic downturn.

Bombardier said the pause would result in a pretax charge of about $1.4 billion for the fourth quarter, mainly for the impairment of the Learjet 85 development costs. The company said the 1,000 job cuts would be at its sites in Querétaro, Mexico, and Wichita, Kansas. (Reporting by Euan Rocha; Editing by Lisa Von Ahn)

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