23-11-2024 04:32 AM Jerusalem Timing

Russia Threatens End of $3.4 bn Canadian Aircraft Deal

Russia Threatens End of $3.4 bn Canadian Aircraft Deal

Moscow is considering ending its $3.4 billion contract with Canadian manufacturer Bombardier to build Q400 planes and the construction of an assembly factory in Russia, its minister of industry said Thursday.

Moscow is considering ending its $3.4 billion contract with Canadian manufacturer Bombardier to build Q400 planes and the construction of an assembly factory in Russia, its minister of industry said Thursday.

The head of Bombardier's aviation arm, Guy Hachey, in March hinted that the deal concluded in August 2013 with Russia's state-backed Rostec was threatened by Canadian sanctions against Russia.