Minister says Liberals ready to invest in Bombardier

Oct. 11, 2016 – Innovation Minister Navdeep Bains is saying Canada’s investment in aerospace giant Bombardier is not a matter of if but how.

The minister says the federal government wants to be a partner with the Montreal-based company but he didn’t give details today as to exactly how much Ottawa will invest or where the money will be targeted.

Bombardier has asked Ottawa for $1 billion in aid and has already received a similar amount from the provincial government for its CSeries aircraft program.

Bains says federal funding will be conditional on Bombardier keeping its head office in Canada as well as pursuing its research and development activities and maintaining manufacturing jobs.

The CSeries has received major orders from Air Canada and Delta Air Lines.

Bains was in Montreal announcing up to $54 million in federal funding for an aerospace research consortium led by Bombardier.

News from © Canadian Press Enterprises Inc. 2016