The Globe and Mail reports in its Friday edition that Bombardier is weighing investments in an all-new aircraft and upgrades to existing models. The Globe's Nicolas Van Praet writes that the jet maker raised its annual free cash flow forecast Thursday for the second time this year, reporting strong financial results as shareholder attention now turns to what it will do with its excess capital. Chief executive officer Eric Martel said the company is having "important conversations" internally about the alternatives. "We're going to be generating quite a bit of cash flow over the next five, six years," Mr. Martel told analysts on a call to discuss its latest quarterly earnings. "Half of our capital allocation would probably go to improving our products, staying competitive, which could include a new airplane." Mr. Martel has steered a turnaround at Bombardier that has seen the plane maker claw back investor credibility by repairing the balance sheet and launching new avenues for growth. He and finance chief Bart Demosky have parlayed strong demand for private air travel into a multiyear order backlog worth $22-billion (U.S.), while expanding the company's defence and services businesses and improving operating margins.