Skip to main content

Bombardier Inc. has agreed to sell a Mexican operation that makes electrical wiring systems for its planes to Latécoère Group, a French company that supplies many of the world’s major aircraft manufacturers.

The companies say Latécoère will pay US$50-million to Bombardier and supply electrical wiring interconnection systems for the Montreal-based company’s Global, Challenger and Learjet aircraft under a long-term agreement.

Bombardier’s electrical wiring operations in Queretaro, Mexico, employ about 700 people.

The sale won’t affect the remainder of Bombardier’s Queretaro operations, where the company produces major structures for its aircraft.

Paul Sislian, Bombardier Aviation’s chief operating officer, says the sale is part of the company’s focus on streamlining its activities.

The transaction is expected to close in the first half of 2020.

Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Sign up today.

Report an editorial error

Report a technical issue

Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 17/05/24 4:00pm EDT.

SymbolName% changeLast
Bombardier Inc Cl B Sv

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe