MONTREAL, June 4 (Reuters) - Bombardier Inc. (Toronto:BBDb.TO - News) said on Tuesday it had completed a technical examination of the Fairchild Dornier 728 and 928 regional jet program and was proceeding with a commercial evaluation.
Speaking to reporters after Bombardier's annual meeting, Robert Brown, president and chief executive, cautioned Bombardier was not in due diligence regarding Fairchild's 728 and 928 program or assets. That means Bombardier will likely make a final decision only later this summer on whether to take up the 728 and 928 jet programs, Brown said.
"There is much work to do and we are far from a decision," he said.
Brown said development of insolvent Fairchild Dornier's 728 jet would probably cost about $400 million, while the 928 program would cost roughly $1 billion. He said Bombardier is not interested in any other Fairchild Dornier assets.
source: Reuters Company News