BOMBARDIER WILL CATCH UP ON IRAN OPPORTUNITIES: CEO

Bombardier’s chief executive says the company was a little late on chasing opportunities in Iran, but should be able to catch up with its rivals following Canada’s lifting of sanctions. “We started maybe a little bit behind, but I’m pretty sure we’re going to be able to catch up now,” Alain Bellemare said. He said Foreign Affairs Minister Stephane Dion’s move earlier this year to lift sanctions has been useful in helping to gain market access. With teams on the ground now in Iran, Bellemare said he’s not concerned about winning its share of new orders, although the process is challenging. The Montreal-based plane and trainmaker sees opportunities to sell regional rail services along with regional jets and CSeries planes as Iranian companies look to modernize.