Private Jet Company Cuts Production Due to Rough Times for Russian Oligarchs
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Bombardier Inc. is moving closer to paring output of its Global 5000 and 6000 business jets, the company’s biggest current models, to cope with depressed demand in emerging markets such as China and Russia.
Cutbacks will be announced “very soon,” Eric Martel, president of Bombardier Business Aircraft, said Wednesday in a telephone interview from Montreal. About 4,500 people work on the Global 5000 and 6000 programs at Bombardier facilities in Toronto, Montreal and Belfast, Northern Ireland.