<p>Jet maker Bombardier Inc said on Thursday it would cut about 1,600 jobs and reported an adjusted loss before interest and taxes for the fourth quarter, as the Covid-19 pandemic weighs down aircraft demand.</p>.<p>The Montreal-based company, which has become a pure-play business-jet maker after selling its rail division to French train maker Alstom SA, reported a 19.7% fall in business aircraft deliveries in 2020.</p>.<p>Bombardier, however, saw an uptick in orders in December 2020, as US buyers rushed to take advantage of favourable tax rules they feared could change under President Joe Biden's administration.</p>.<p>The company reported an adjusted loss before interest, taxes of $165 million for the quarter ended Dec. 31, compared with a profit of $168 million a year earlier.</p>.<p>Business jet deliveries of the company, which will host its Investor Day on March 4, fell to 114 units in 2020 from 142 in the previous year.</p>
<p>Jet maker Bombardier Inc said on Thursday it would cut about 1,600 jobs and reported an adjusted loss before interest and taxes for the fourth quarter, as the Covid-19 pandemic weighs down aircraft demand.</p>.<p>The Montreal-based company, which has become a pure-play business-jet maker after selling its rail division to French train maker Alstom SA, reported a 19.7% fall in business aircraft deliveries in 2020.</p>.<p>Bombardier, however, saw an uptick in orders in December 2020, as US buyers rushed to take advantage of favourable tax rules they feared could change under President Joe Biden's administration.</p>.<p>The company reported an adjusted loss before interest, taxes of $165 million for the quarter ended Dec. 31, compared with a profit of $168 million a year earlier.</p>.<p>Business jet deliveries of the company, which will host its Investor Day on March 4, fell to 114 units in 2020 from 142 in the previous year.</p>