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Bombardier to fight Alstom’s claim on rail deal in arbitration

Brand of Bombardier is seen at an workplace constructing in Zurich, Switzerland February 28, 2019. REUTERS/Arnd Wiegmann

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April 25 (Reuters) – Bombardier Inc (BBDb.TO) mentioned on Monday it could defend itself in opposition to a request for arbitration by Alstom SA

Bombardier mentioned it obtained a discover from Alstom requesting arbitration earlier than the Worldwide Chamber of Commerce. Alstom is alleging that Bombardier is in breach of sure contractual provisions, the enterprise jet maker mentioned in an announcement.

Bombardier, which is to report quarterly earnings on Could 5, mentioned the proceedings might final a number of years.

Alstom was not instantly obtainable for remark.

French prepare maker Alstom purchased the Bombardier rail enterprise in January 2021 for five.5 billion euros.

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Reporting by Arunima Kumar in Bengaluru and Allison Lampert in Montreal; Modifying by Krishna Chandra Eluri and Leslie Adler

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