Don’t miss the latest developments in business and finance.

Bombardier signs deal with Spicejet for 50 Q400 turboprop planes

Image
Reuters
Last Updated : Sep 29 2017 | 7:22 PM IST

REUTERS - Airplane maker Bombardier Inc has sealed a deal to sell up to 50 Q400 turboprop planes to India's SpiceJet, carrying a list price of $1.7 billion, the Canadian company said on Friday.

Bombardier said the order, the subject of an initial letter of intent in June, was the largest it had received so far for the 90-seater aircraft.

Bombardier is currently at the center of a trade row between Canada and the United States after a complaint by Boeing Co led to the U.S. Department of Commerce to impose a preliminary 220-percent duty on Bombardier's CSeries jets.

(Reporting by Yashaswini Swamynathan in Bengaluru; editing by Patrick Graham)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

More From This Section

First Published: Sep 29 2017 | 7:09 PM IST

Next Story