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Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It... see more

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Bombardier Inc. > French company Alstom confirms legal claim against Bombardie

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Post by Shamhorish on Apr 26, 2022 6:40am

French company Alstom confirms legal claim against Bombardie

PARIS (Reuters) - French transport infrastructure company Alstom confirmed on Tuesday that it had filed a request for arbitration before the International Chamber of Commerce regarding its earlier purchase of Bombardier Transportation.

"The claim is against Bombardier Inc. and relates to the breach of certain contractual provisions of the sale and purchase agreement dated September 16, 2020," said Alstom in a statement.

Bombardier had earlier said it would defend itself against Alstom's legal action.

FILE PHOTO: A logo of Alstom is seen at the Alstom's plant in Semeac near Tarbes

Tue, April 26, 2022, 3:27 AM

In this article:

"The claim is against Bombardier Inc. and relates to the breach of certain contractual provisions of the sale and purchase agreement dated September 16, 2020," said Alstom in a statement.

Bombardier had earlier said it would defend itself against Alstom's legal action.

(Reporting by Sudip Kar-Gupta, Editing by Louise Heavens)

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Comment by Bullvsbear99 on Apr 26, 2022 7:58am

The fact that Alstom is going through arbitration to delay this by several years does indicate that they think they might have to pay eventually. Otherwise this would have been settled by now. Its okay Bombardier will wait it out and then collect the money plus interest.

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Comment by bicente on Apr 26, 2022 8:10am

but but but some people don't think so ;) ... GLTA quote=Bullvsbear99]The fact that Alstom is going through arbitration to delay this by several years does indicate that they think they might have to pay eventually. Otherwise this would have been settled by now. Its okay Bombardier will wait it out and then collect the money plus interest. [/quote]

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