Bombardier to cut business-jet manufacturing in Russia

Canadian aircraft manufacturer Bombardier reduces the production of business jet Global 5000 and Global 6000 in Russia due to decreasing demand in developing countries.

According to Martel, president of Bombardier Business Aircraft, as reports Lenta.ru, business-jet sales had boomed in Russia until oil prices started falling last year, Martel said. Sanctions imposed by Canada, the U.S. and the European Union — aimed at forcing Russia to drop support for separatists in Ukraine — only compounded the slump.

However, a spokesman for the Canadian company, Bombardier continues to enjoy good demand in the United States.

Martel did not specify how much production will be reduced, as well as how much employees will be dismissed.

About 4,500 people work on the Global 5000 and 6000 programs at Bombardier facilities in Toronto, Montreal and Belfast, Northern Ireland. According to Martel, accurate information about the cuts will be available in the near future.

Development is continuing on the roomier Global 7000 and 8000 models. Bombardier is now assembling the first prototype of the 7000, which will be able to fly non-stop from London to Singapore and carry a list price of $72.8 million.

Source and image: Lenta.ru