Bombardier Inc on Wednesday appointed Danny Di Perna as its aerospace unit`s chief operating officer.

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Di Perna, who most recently was vice-president of global sourcing at GE Power, will report to Chief Executive Officer Alain Bellemare, Bombardier said.

The announcement comes at a time when Bombardier is in the middle of a five-year turnaround plan through 2020, after investments in its CSeries jetliner led to a cash crunch in 2015.

The company sold a majority stake in its money-losing C Series flagship commercial jet to Europe`s Airbus late last year in order to boost sales and reduce costs.

In his new role, starting on Sept. 15, Di Perna will be leading the Canadian company`s aerospace engineering business and monitoring its aerostructures and engineering services business.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)