Bombardier to get US$1b investment from Quebec
Bombardier said the Canadian province of Quebec has agreed to invest US$1b in its CSeries aircraft. Bombardier said it would transfer the assets, liabilities and obligations of the programme to a newly created limited partnership, in which the company will hold a 50.5% equity stake and Quebec the rest. The investment, which has been in the offing for months, will be made in 2 instalments of $500m, with the first June 30 and the second Sept 1. Quebec and Bombardier want the federal govt to match the province's $1b investment in the narrow-body jet, but talks have dragged on amid governance concerns by the govt over the plane-maker's dual class share structure. Brazil and Canada have locked horns repeatedly at the WTO over the past 2 decades over state support for Embraer and Bombardier. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2016-06-24/general/bombardier-to-get-us-1b-investment-from-quebec
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Bombardier to get US$1b investment from Quebec
Bombardier said the Canadian province of Quebec has agreed to invest US$1b in its CSeries aircraft. Bombardier said it would transfer the assets, liabilities and obligations of the programme to a newly created limited partnership, in which the company will hold a 50.5% equity stake and Quebec the rest. The investment, which has been in the offing for months, will be made in 2 instalments of $500m, with the first June 30 and the second Sept 1. Quebec and Bombardier want the federal govt to match the province's $1b investment in the narrow-body jet, but talks have dragged on amid governance concerns by the govt over the plane-maker's dual class share structure. Brazil and Canada have locked horns repeatedly at the WTO over the past 2 decades over state support for Embraer and Bombardier. <br/>
