Trudeau not shutting door to idea of aiding Bombardier
Canadian Prime Minister Justin Trudeau on Thursday said he was not shutting the door on the idea of government aid for aerospace firm Bombardier Inc, which has run up big debts.
Trudeau said he would wait for a recommendation from Innovation Minister Navdeep Bains, who has responsibility for the file. Bombardier’s struggles with its CSeries jet project have left the company saddled with debt and looking at a range of options to raise cash.
The powerful province of Quebec, where Bombardier is based, said last week it will invest $1 billion in the CSeries in return for a near 50 percent stake in the project. It now wants Ottawa to help the firm as well. | READ MORE