Pierre Beaudoin has wasted little time in making his mark on Bombardier since becoming chief executive of the family-dominated Canadian aircraft and train maker last month.

Mr Beaudoin, son of the chairman Laurent Beaudoin and grandson of the founder Joseph Armand Bombardier, chose the eve of the Farnborough Airshow to announce one of the biggest gambles in the group's history - the development of a new range of commercial jets.