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 (CAD $372.5 million) in interest-free loans over four years from the Canadian government.
- This funding is allocated to support Bombardier's C Series commercial jet and Global 7000 business jet programs.
- Brazil and Bombardier's competitor Embraer have initiated a challenge at the World Trade Organization, questioning if Canada's aid violates trade rules.
- Canada maintains that its funding for Bombardier adheres to international trade regulations, despite the ongoing challenge.
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