Bombardier Called ‘Huge Asset’ as Quebec Vows Aid If Needed
- `We will be ready to help them,' Premier Couillard says
- Provincial leader backs company amid CSeries cash drain
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Bombardier Inc., draining cash amid delays on its marquee CSeries jetliner, can count on Quebec’s provincial government if the planemaker needs financial assistance, Premier Philippe Couillard said.
Even with the shares plunging 60 percent this year and the CSeries $2 billion over budget, Bombardier’s central role in Quebec’s aerospace industry makes it a “huge asset” worthy of supporting, Couillard said.