Bombardier will invest in China’s AVIC
The relationship between the world’s third-largest aircraft maker and China grew closer with the announcement here yesterday of a long-term investment comm
The relationship between the world’s third-largest aircraft maker and China grew closer with the announcement here yesterday of a long-term investment commitment between Bombardier Aerospace and China’s state-controlled aviation manufacturing consortium, Aviation Industry Corporation I (AVIC I).
Bombardier said it will invest $100 million in China’s ARJ21-900 regional airliner project as part of this cooperation agreement with the country’s AVIC I. The contract also calls for AVIC I to invest $400 million in research and development and construction of new facilities to support the development of the C Series regional airliner, if Bombardier ever gives the go- ahead for production.
