Quebec to Seek Canada Match on $1 Billion CSeries Bailout
- Federal aid would complete Bombardier funding, Daoust says
- Economy minister likens assistance to 2009 automaker rescue
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Quebec plans to ask Canada’s federal government to match the province’s $1 billion investment in Bombardier Inc.’s CSeries program to round out the funding for the troubled jet and assuage any lingering customer concerns.
“If the federal government comes in, the notion of risk completely changes,” Economy Minister Jacques Daoust said Friday in a telephone interview from Montreal. “If the federal government also put in $1 billion, that would mean the CSeries financing package would be complete.”