Feds ante up to support Bombardier C Series, Global 7000 programs
The federal government said Tuesday it will provide $372.5 million in repayable loans to Bombardier, a move that elicited criticism over concerns that the company was being unfairly subsidized.
February 9, 2017 By The Canadian Press
The money would be handed out in instalments over four years to support the Global 7000 and CSeries aircraft projects, the government said.
Most of the loans would go to the Global 7000 business aircraft program, which is scheduled to go into commercial service next year. The rest would go to the CSeries passenger jet, which was mired in delays and cost overruns prior to entering commercial service last year. | READ MORE