Bombardier Bailout Shows Quebec `Always' on Jetmaker's Side
- Government says rescue needed to preserve aerospace jobs
- Province support shows extent of troubles facing CSeries maker
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For Quebec, Bombardier Inc. is too big to fail.
That’s why the Canadian province agreed to a bailout worth as much as $1.3 billion to support the struggling plane and railway car maker, which accounts for almost half of the 41,000 aerospace jobs in the region. It’s the biggest direct government bailout since 2009, when General Motors Co. and Chrysler Group LLC were backed by the Canadian and Ontario governments.