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 approximately $282 million (CAD $372.5 million) in interest-free loans from the Canadian government over four years.
- The funding is intended to support Bombardier's C Series commercial jet and Global 7000 business jet programs.
- Brazil and Bombardier's competitor, Embraer, are challenging Canada's funding before the World Trade Organization, questioning if it violates international trade rules.
- Canada maintains that its financial support for Bombardier complies with all international trade regulations.
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