Air Canada picks Bombardier and Embraer

 - January 29, 2007, 5:31 AM

Bankrupt Air Canada last month signed a pair of MOUs that call for a split order for 90 airplanes from Bombardier of Canada and Embraer of Brazil. The transactions, which would include firm orders for 15 Bombardier CRJ200s, 30 CRJ700s and 45 Embraer 190s, remain subject to Air Canada’s ability to attract $4 billion in new investment upon emerging from bankruptcy protection. If confirmed, the orders would fetch $1.5 billion for Embraer and some $1.3 billion for Bombardier.