(Reuters) - As Bombardier (BBDb.TO) surrenders hopes of securing a top spot in commercial aviation with the sale of its money-losing CSeries jet program to Airbus (AIR.PA), the Canadian company is now drawing up plans to breathe new life into its older regional planes.

Bombardier is shoring up its loss-making regional jets and turboprops with a mixture of hard-sell, cost-cutting and outsourcing. It is also growing its line of business jets after a cash squeeze and production delays forced it to cede a majority stake in its high-tech CSeries which aims to break into the market for mainline jets dominated by Airbus and Boeing.
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