Canadian aerostructures specialist Avcorp Industries says it has dropped a nearly three-year-old lawsuit against Bombardier and is seeking to participate in several of the Canadian airframer's new aircraft programmes.
Avcorp also says that it has agreed that Bombardier will not pay any "consideration" to Avcorp as a result of dropping the lawsuit.
Avcorp filed a lawsuit against Bombardier in 2010 in the Superior Court of Quebec after its work on the CRJ700 regional jet programme was terminated.
The Vancouver-based supplier also builds components for several Bombardier programmes, including the Challenger 605 and 850, and composite floorboards for Learjets, CRJs and Q400s. Avcorp does not list any participation in the CSeries or Global 7000 and 8000 programmes, which are all currently in development.
"The company looks forward to continuing its valued relationship as a supplier to Bombardier," Avcorp says.