MONTREAL – Bombardier has signed a preliminary agreement with a Russian state corporation for the purchase of as many as 100 Q400 NextGen aircraft in a deal that could be worth up to US$3.39 billion.
The Montreal-based plane and train manufacturer says the deal with Rostekhnologii, a state corporation controlled by the Russian Federation, also includes the possibility of setting up a Q400 NextGen final assembly line in Russia to compliment its Toronto operations.
The main focus of the deal is the opening of an assembly line in the Russia Federation that will produce aircraft for Russian customers.
It would be managed as a joint venture by both parties.
There are currently more than 120 Bombardier commercial aircraft in service in Russia.
The sales agreement is expected to be finalized in 2014.
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