Washington / Bloomberg Bombardier Inc. said it planned to cut about 7,000 jobs as it reported fourth-quarter profit that fell short of analysts’ estimates. It also signed a letter of intent for Air Canada to buy at least 45 of the planemaker’s C Series jets. The job cuts, from a workforce of about 64,000, will occur during the next two …

Montreal / AFP Air Canada has signed a $3.8 billion deal with Bombardier to buy 45 CS300 jets, with options to purchase another 30 planes, the companies announced. Deliveries of the all-new aircraft will begin in 2019. “With the signing of Air Canada for the leading-edge CS300 aircraft, we add a major international airline customer based in North America to …

SINGAPORE / Bloomberg Mitsubishi Aircraft Corp. and Embraer SA are battling for customers in Asia as the Japanese maker aims to break into a market expected to account for a quarter of global regional jet demand over the next two decades. The market for smaller jets currently is dominated by Canada’s Bombardier Inc. and Brazil’s Embraer. Emerging economies like Indonesia …