Bombardier is poised to receive a boost in funding for its C Series and Global 7000 jet programs.
Bombardier Receives $282 Million Investment from Canada
Key Takeaways:
- Bombardier will receive $282 million (CAD $372.5 million) in interest-free loans from the Canadian government for its C Series and Global 7000 jet programs.
- This funding package follows a larger request from Bombardier and aims to support the development of these key aircraft.
- Brazil and rival jet maker Embraer have initiated a World Trade Organization challenge, alleging the Canadian funding violates international trade rules, a claim Canada denies.
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