(Reuters) - Shares in Bombardier Inc
Brazil's Embraer on Thursday clinched a deal worth up to $4 billion to supply larger regional jets for American Airlines' regional network.
Embraer and Republic Airways Holdings Inc
Although losing the deal is disappointing for Canadian-based Bombardier, Republic and Embraer have a long history together, making it difficult for Bombardier to displace the incumbent, PI Financial analyst Chris Murray said.
"It is not that there aren't other orders that we will still expect to see out of the U.S.," he said.
Other U.S. airlines that are considering renewing their regional fleets in the short- to medium-term are United Continental
Shares in Bombardier fell as much as 2 percent on the Toronto Stock Exchange early on Thursday. By midday, the stock was down 4 Canadian cents, or 1 percent, at C$4.09, against the trend of an overall stronger market.
(Reporting by Nicole Mordant in Vancouver; editing by Matthew Lewis)