Bombardier can count on financial aid if necessary: Quebec premier
Bombardier Inc., draining cash amid delays on its marquee CSeries jetliner, can count on Quebec’s provincial government if the planemaker needs financial assistance, Premier Philippe Couillard said.
October 2, 2015 By The Montreal Gazette
Even with the shares plunging 62 per cent this year and the CSeries $2 billion over budget, Bombardier’s central role in Quebec’s aerospace industry makes it a “huge asset” worthy of supporting, Couillard said.
“If they need something we will be ready to help them — not only because of the company itself, but the whole impact on the economy in Montreal and the aeronautical cluster,” the premier said Monday in an interview at Bloomberg headquarters in New York. The industry employs more than 41,000 people in the province. | READ MORE