Bombardier Inc.’s plans to build planes in Russia and the sale of $3.4 billion of aircraft will be delayed as Canada joins the U.S. in imposing sanctions against the country after it moved to annex Crimea, Chief Executive Officer Pierre Beaudoin said.
Bombardier Inc. delayed the maiden flight of its CSeries jet for the third time since November, saying its largest-ever plane needs more preparation ahead of a showdown with Boeing Co. and Airbus SAS models.
Porter Airlines Inc.’s bid to more than double its flight network by flying Bombardier Inc. jets from the Toronto island airport suffered a setback after the city said it needs more time to study the proposal.
Investor James Pattison, owner of the Guinness Book of World Records, has emerged as Canada’s richest person after new information revealed that David K.R. Thomson, heir to the Thomson media empire, owns a smaller stake in his family’s investment company than previously reported.
Boeing Co. ousted Airbus SAS as Air Canada’s primary supplier of narrow-body jets, winning an order valued at $6.5 billion for the 737 Max model as they vie for supremacy in the biggest segment of the aircraft market.
Embraer SA and Bombardier Inc. may stand to gain business after SkyWest Inc., a commuter partner for carriers including United Airlines, voiced frustration with delays for Mitsubishi Heavy Industries Ltd.’s new regional jet.