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Bombardier suspends Russian plans in wake of sanctions

At stake is sale of US$3.4b of aircraft, turboprop assembly line in Russia

Published Sun, Mar 23, 2014 · 10:00 PM

[MONTREAL] Bombardier Inc's plans to build planes in Russia and the sale of US$3.4 billion of aircraft will be delayed as Canada joins the US in imposing sanctions against Russia after it moved to annex Crimea, chief executive officer Pierre Beaudoin said.

"Right now, there's going to be a delay because of what's going on," Mr Beaudoin said last Thursday in an interview at Bloomberg's headquarters in New York.

Bombardier signed a letter of intent in August to sell Russia's stat…

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Bombardier suspends Russian plans in wake of sanctions

Transport & Logistics

GM CEO Barra compensation fell 4% in 2023 to US$27.8 million

Boeing reports first revenue drop in 7 quarters as deliveries decline

Volkswagen to keep China market share stable as price war rages

COE quota for May-July up 2.7%; passenger car categories rise despite less cut-and-fill

Tesla profits tumble but shares rise on new vehicle plan

Volvo Cars see good demand this year after higher Q1 unit sales

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