Ottawa to announce Bombardier investment

Bombing the box

Montreal Gazette

The federal government will announce at 6:30 p.m. Tuesday an investment in Bombardier Aerospace.

A news conference has been scheduled at Bombardier headquarters in Dorval, with federal industry minister Navdeep Bains in attendance.

According to Radio-Canada, the investment will be a $372-million loan, split between the Global 7000 series and the CSeries.

The company had requested $1 billion from the federal government, and received a similar amount (in U.S. dollars) from the Quebec government.

More details to come.

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