Advertisement

Bombardier agrees to sell Mexican wiring operation to French manufacturer Latecoere

Bombardier's electrical wiring operations in Queretaro, Mexico, employ about 700 people. Ryan Remiorz/The Canadian Press

Bombardier Inc. has agreed to sell a Mexican operation that makes electrical wiring systems for its planes to Latecoere, a French company that supplies many of the world’s major aircraft manufacturers.

The companies say Latecoere will pay US$50 million to Bombardier and supply electrical wiring interconnection systems for the Montreal-based company’s Global, Challenger and Learjet aircraft under a long-term agreement.

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.

Get breaking National news

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.

READ MORE: Bombardier to build flagship business jet in new $350M plant at Toronto Pearson airport

Bombardier’s electrical wiring operations in Queretaro, Mexico, employ about 700 people.

The sale won’t affect the remainder of Bombardier’s Queretaro operations, where the company produces major structures for its aircraft.

Paul Sislian, Bombardier Aviation’s chief operating officer, says the sale is part of the company’s focus on streamlining its activities.

Story continues below advertisement

The transaction is expected to close in the first half of 2020.

 

Sponsored content

AdChoices