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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

On hold: Bombardier had signed a letter of intent in August to sell Russia's Rostekhnologii as many as 100 Q400 turboprop aircraft (above). - PHOTO: BLOOMBERG

[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...