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Russia may delay Bombardier-Rostec Q400 JV

Russia may delay Bombardier-Rostec Q400 JV
Russian authorities reportedly may delay the Bombardier-Rostekhnologii (Rostec) joint venture (JV) to set up a Q400 NextGen final assembly line (FAL) in Russia. Minister of Industry and Trade Denis Manturov said the plant construction has not begun, according to ITAR-TASS news agency. According to Manturov, Bombardier has not officially refused to take part in the project but “various obscure statements” made by Canadian authorities on the imposition of sanctions are motivating the Russian government to reconsider the project. The minister added, “The ill-defined status of the joint venture is unprofitable for Russia.” Bombardier and Rostekhnologii (Rostec), a state corporation controlled by the Russian Federation, concluded a memorandum of understanding at the MAKS Airshow in 2013 to set up the FAL in Ulyanovsk. The new plant was slated to be built in 2014. However, in August 2013 Rostec-aviation projects MD Alexey Fedorov said he did not exclude the possibility of a cooperation with Airbus, which jointly owns ATR with Alenia Aermacchi. In November 2013, Manturov said the decision about the partnership would be made before the end of the year, but that has not yet happened. In March, Bombardier CEO Pierre Beaudoin told Bloomberg the JV could be delayed because Canada joined the US in imposing sanctions against Russia after it annexed Ukraine’s Crimea. However, Bombardier representatives in the Russian office said the project had not been canceled or delayed.

Поделиться: http://atwonline.com/government-affairs/reports-russia-may-delay-bombardier-rostec-q400-jv Polina Borodina

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