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Bombardier reported higher first-quarter cash burn on Thursday as the Canadian planemaker builds up inventory to support increased production of business jets amid resilient demand for private...
BOMBARDIER-RESULTS/ (UPDATE 4, PIX):UPDATE 4-Bombardier gets Canadian exemption to sanctioned Russian titanium
A survey of North American equities heading in both directions
Canada is the first Western government to ban Russian supplies of titanium as part of a package to mark the second anniversary of Russia's Ukraine invasion in February.
MONTREAL/OTTAWA (Reuters) -Bombardier on Thursday became the latest planemaker to disclose an exemption from Canadian sanctions on Russian titanium, as Canada defended its decision to grant a partial reprieve from recent measures imposed over the war in Ukraine. On Tuesday, Reuters first reported that Airbus had won a waiver from a new Canadian ban on Russian titanium, weeks after Ottawa added supplier VSMPO-AVISMA to a list of entities banned for alleged ties to Russia's military-industrial complex. Canada is the first Western government to ban Russian supplies of the strategic metal ...