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. hopes to decide by the end of 2011 whether to move ahead on a potential partnership with Commercial Aircraft Corp. of China on narrow-body jets, the head of the Canadian company’s aerospace unit said.
Bombardier Inc. won the first contract in more than a year for its new CSeries jet, with an order for 10 aircraft from Sweden’s Braathens Leasing Ltd., and is in “advanced” negotiations with more customers.
Bombardier Inc. won a conditional order valued at $1.02 billion for 15 CSeries jets, buoying a model that has struggled for orders in the narrow-body airliner market dominated by Boeing Co. and Airbus SAS.
Bombardier Inc. said some prospective buyers of its CSeries jet, aimed at the lucrative single-aisle market of Airbus SAS and Boeing Co., are still hesitant to place orders as the economy takes time to rebound.