Bombardier burns more cash than expected, announces sale of plants to Spirit
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MONTREAL (Reuters) - Bombardier Inc announced the sale of three facilities to Spirit Aerosystems for just over $1 billion (£773 million) after the Canadian plane and train maker burned more cash than expected in the third quarter as it brings its flagship business jet to market.Montreal-based Bombardier is in the middle of a restructuring, shedding underperforming commercial plane programs to focus on more profitable business jet and rail units.Free cash flow usage for the quarter ended Sept...