Feds to give $372.5M in loans to Bom­bardier

The Hamilton Spectator - - CANADA & WORLD -

The fed­eral gov­ern­ment says it will give Bom­bardier $372.5 mil­lion in re­payable loans over four years to sup­port the Global 7000 and CSeries air­craft projects. Bom­bardier has been ap­peal­ing for US$1 bil­lion in fed­eral as­sis­tance since late 2015. Last year, the com­pany re­ceived a US$1-bil­lion in­vest­ment for the CSeries pas­sen­ger jet pro­gram from the Que­bec gov­ern­ment in ex­change for a 49.5-per­cent stake.

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