Advertisement

INTERNATIONAL

Share
From Times Staff and Wire Reports

De Havilland Sale Nixed: The Canadian government has rejected a proposal by a French-Italian consortium to buy the de Havilland division of Boeing Canada Ltd., but it invited the group to make another bid within 30 days. Trade Minister Michael Wilson said he was not satisfied that the bid by Aerospatiale S.A. of France and Alenia SpA of Italy would be of net economic benefit to Canada. The European group reached an agreement earlier this year to buy de Havilland, the Toronto-based maker of the Dash 8 commuter aircraft, from Boeing Co. in a deal that was estimated at $200 million.

Advertisement