OTTAWA, Mar 22 (AFP): Canadian aircraft manufacturer Bombardier faces $3.4 billion in lost potential sales to Russia as Canada and its allies impose sanctions over the former Soviet state's move to annex Crimea, reports said Friday.
A senior executive told an investor conference in New York this week that the clash between the West and Russia has created a snag in its negotiations to sell as many as 100 Q400 Turboprop aircraft to Russia's state-owned Rostec, according to several Canadian newspapers.
The planes are valued at $3.4 billion. The firm's aerospace president Guy Hachey was quoted as saying the sanctions "softened up a little bit the discussions" with Russia.
His comments were echoed by Bombardier president Pierre Beaudoin, and cited in analysts' reports. Bombardier did not immediately respond to requests for comment.
Russia sanctions put Canadian aircraft sales in doubt
FE Team | Published: March 23, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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