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 ...