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 is set to receive $282 million (U.S.) in interest-free loans over four years from the Canadian government to support its C Series and Global 7000 jet programs.
- This funding has prompted Brazil and Bombardier's competitor, Embraer, to challenge Canada before the World Trade Organization, alleging a violation of international trade rules.
- Canada maintains that its financial support for Bombardier complies with WTO regulations, despite Embraer's claims of over $4 billion in total Canadian aid.
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