Canadian plane maker Bombardier Inc. is exploring the possibility of deepening its ties in Russia, a company spokesman confirms.
The Montreal-based transportation giant, and the world's third-largest commercial aviation maker behind Boeing Co. (BA) and European Aeronautic Defence & Space Co.'s Airbus, is reported to be interested in establishing an assembly or a components plant in Russia, the Russian Trade Minister Yury Slyusav tells the Moscow Times. That would make Bombardier the first Western commercial plane maker to assemble aircraft in Russia.
The discussions involve building the Q400 turboprop aircraft, potentially at the Aviakor aviation plant in Samara, part of metals tycoon Oleg Deripaska's Russian Machines Corp., the paper says.
"We are having preliminary discussions with Russian parties," says Marc Duchesne, a Bombardier spokesman. "It's just a conversation, just like we have conversations with other interested parties around the world. We are exploring various business opportunities. That's it, that's all."
He declined to elaborate on their talks, or the parties involved, saying the content of their discussions is confidential. The company already has a presence in Russia through its transportation division.
The Q400 turboprop is currently made at Bombardier's factory in Toronto.
Excerpted from The Wall Street Journal. Click here to read the full article.