MONTREAL—The federal government will give Bombardier $372 million in repayable loans, according to a source who requested anonymity because they weren’t authorized to speak on the matter.
Several cabinet ministers, including Innovation Minister Navdeep Bains and Transport Minister Marc Garneau, have scheduled a news conference at a Bombardier facility in Montreal at 6:30 p.m.
Bombardier has been appealing for US$1 billion in federal assistance since late 2015.
The Quebec government provided a US$1-billion lifeline last year for Bombardier’s CSeries jet, which was mired in delays and cost overruns.
The company has received at least 360 firm orders for the CSeries jets as of late November.
The Toronto Star and thestar.com, each property of Toronto Star Newspapers Limited, One Yonge Street, 4th Floor, Toronto, ON, M5E 1E6. You can unsubscribe at any time. Please contact us or see our privacy policy for more information.
Our editors found this article on this site using Google and regenerated it for our readers.
