Bombardier to hire 1,000 as part of plan to ramp up production of its Global 7000 business jetClick image to enlarge

Bombardier Inc. is planning to hire about 1,000 people as part of its production ramp-up of its new Global 7000 business jets, according to a source.

More details are expected to be disclosed Friday, said the source who didn't want to be identified because he's not at liberty to discuss the company's plan.

Bombardier spokesman Mark Masluch said the company will confirm its production and completion strategy for the jet at an event on Friday.

``I can't confirm any numbers right now but certainly the Global 7000 is going to be a key pillar of hiring for Bombardier business aircraft in Montreal,'' Masluch said.

Bombardier's largest business aircraft is slated to enter into service late next year.

Chief executive Alain Bellemare told an investor conference Tuesday that the new plane is going to be the best business jet on the market with the longest range and speed.

``The demand has been very strong. We're fully booked until 2021, so very good customer response,'' he told the Goldman Sachs Industrials Conference in Boston.

Bellemare said the company (TSX:BBD.B) has worked hard to streamline the business and boost margins in the face of softer demand since the financial crisis. It has reduced the production rate of its existing aircraft while focusing on the Global 7000.

``We took a lot of action to strengthen our business aircraft franchise and that is absolutely totally core to us,'' he added.

Canadian Press

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