Bombardier Looks into Asian Markets

Published on: 06 Oct, 2017

Bombardier Inc. is looking into fast growing markets such as India to boost sales of their Cseries and Q400 narrow body planes after facing a trade row over sales to the U.S. and a tremendous competition with rival Boeing Co (NYSE: BA) India is one of the world’s fastest growing aviation markets. Last year, the government launched a scheme of regional connectivity to increase air connectivity to smaller towns and cities.

Last week, Bombardier finalized a deal to sell up to 500 Q400 aircraft to India’s SpiceJet which valued at $1.7 billion by list prices. This marks the largest single order to date which will enhance their presence in the country.

However, rival ATR is the market leader in turboprops and has also secured an order for 50 ATR 72-600 aircraft that is worth over $1.3 billion at list price. Still, Bombardier controls about 75% of the market and is co owned by other companies such as Leonardo SpA and Airbus SE.


  • 2874Views
  • 0Comments

Recommend to Friends

  • facebook
  • Twitter
  • google plus
  • pinterest
  • Digg
  • stumbleupon
  • Reddit
  • linkedin

Ariana Cheong



Sign Up for Weekly Updates

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!

Related Posts

19 Jun, 2017 3297
17 Jul, 2017 3012
07 Aug, 2017 3171
18 Oct, 2017 7784


There is no comment on this article