Bombardier shares rise on target commitment, asset sales

MONTREAL (Reuters) - Bombardier Inc said on Thursday it would meet a key 2019 target and announced a deal worth more than $1 billion (£773 million) with Spirit Aerosystems , sending shares up nearly 7% despite reporting it burned more cash than expected.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.The company spent more cash than expected during the third quarter while..