QUEBEC CITY – Air Canada has agreed to service as much as 75 passenger jets it’s buying from Bombardier Inc in the companies’ home province of Quebec for 20 years, officials said on Wednesday.
Quebec will also drop a lawsuit it filed against Air Canada for not living up to and including resolve for keep a part of its aircraft maintenance operations in Montreal, Quebec Premier Philippe Couillard said inside a statement.
A spokesman for Quebec Economic Development Minister Dominique Anglade said on Wednesday that the government had settled its case with Air Canada, in return for the airline receiving conduct maintenance on the CSeries jets in the province.
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Air Canada, which lost lower court decisions in Quebec Superior Court and the Quebec Court of Appeal around the issue, will drop an appeal it filed recently with the Supreme Court of Canada.
Earlier on Wednesday, Montreal-based Bombardier announced it had signed a letter of intent to market as much as 75 CS300 aircraft to Air Canada as much as $3.8 billion, based on the list price. The plane maker also said it will cut about 7,000 jobs within the next two years.
? Thomson Reuters 2016
