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Delta deal gives Bombardier breathing room on aid

Bombardier Inc. has turned a corner and its deal with Delta Air Lines Inc. makes federal aid for the Canadian plane maker less urgent, Quebec’s finance minister said.


May 17, 2016
By Bloomberg News

Delta’s$5.6 billion agreement to purchase at least 75 CSeries jets will help Montreal-based Bombardier promote the plane and win more orders, Carlos Leitao said Friday in an interview in New York. The deal comes as negotiations between the federal government and the company over a $3 billion financing plan are said to be at an impasse.

“There is less urgency, but it’s still important, especially from the point of view of the signal that it would send to the market,” Leitao said, referring to a federal investment. | READ MORE