The logo of Bombardier is seen during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker/File Photo

(Reuters) - Bombardier Inc BBDb.TO on Wednesday appointed Danny Di Perna as its aerospace unit's chief operating officer.

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 AIR.PA 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.