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

Published 04/25/2022, 06:21 PM
Updated 04/25/2022, 08:31 PM
© Reuters. FILE PHOTO: Logo of Bombardier is seen at an office building in Zurich, Switzerland February 28, 2019. REUTERS/Arnd Wiegmann

(Reuters) -Bombardier Inc said on Monday it would defend itself against a request for arbitration by Alstom (EPA:ALSO) SA

Bombardier (OTC:BDRBF) said it received a notice from Alstom requesting arbitration before the International Chamber of Commerce. Alstom is alleging that Bombardier is in breach of certain contractual provisions, the business jet maker said in a statement.

Bombardier, which is to report quarterly earnings on May 5, said the proceedings could last several years.

© Reuters. FILE PHOTO: Logo of Bombardier is seen at an office building in Zurich, Switzerland February 28, 2019. REUTERS/Arnd Wiegmann

Alstom was not immediately available for comment.

French train maker Alstom bought the Bombardier rail business in January 2021 for 5.5 billion euros.

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