Bombardier CEO Pierre Beaudoin said Friday that the Canadian plane and train maker is now the right size to meet demand and that it is seeing some business coming back in the aerospace sector, which has been hit hard by the weak economy.

In early April, Bombardier said it would cut 3,000 jobs in Canada, the United States and Mexico, on top of nearly 1,400 layoffs announced earlier in the year, to deal with weakness in the aerospace sector.

"I think we've right-sized our business for the demand that we have today," Beaudoin told reporters on the sidelines of a conference in Montreal.

The company delivers its results for the latest quarter June 3.

Bombardier, like all aircraft manufacturers, has seen orders deferred or cancelled as customers struggle to find credit and to fill seats.

Beaudoin said Bombardier, the world's No. 1 passenger train maker and No. 3 civil aircraft manufacturer, was having "good discussions" with airlines about its new CSeries aircraft, scheduled to hit the market in 2013, and that he is hopeful that as the economy turns around, so will orders for the company's planes.

"We are seeing some orders come back - I can't give you the specifics - we have the results for Q1 (fiscal 2009-10) next week, but I'm hoping that we're seeing the industry at least slow down in the decline that we saw in the last few months," he said.

"The whole industry has taken a beating in this challenging time."