Feb 07, 2017
By Michael Kramer
The Trudeau government says it will give Bombardier $372.5 million in repayable loans over four years – to support the company’s Global 7000 and CSeries aircraft projects.
Bombardier has been asking for US$1 billion in federal help since late 2015.
Last year, the company got a US$1-billion investment for the CSeries passenger jet program from the Quebec government – in exchange for a 49.5-per-cent stake.
The CSeries entered commercial service last year – after delays and cost overruns.
As of late November, Bombardier had received at least 360 firm orders for the jets.