Deals
Delta Deal Gives Bombardier Breathing Room on Aid, Leitao Says
- Quebec finance minister comments in interview in New York
- Talks over federal government $3 billion plan said stall
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Bombardier Inc. has turned a corner and its deal with Delta Air Lines Inc. makes federal aid for the Canadian plane maker less urgent, Quebec’s finance minister said.
Delta’s $5.6 billion agreement to purchase at least 75 C Series jets will help Montreal-based Bombardier promote the plane and win more orders, Carlos Leitao said Friday in an interview in New York. The deal comes as negotiations between the federal government and the company over a $3 billion financing plan are said to be at an impasse.