Bombardier Rejects Aid Proposal From Canadian Government
- Struggling firm, Trudeau government at odds over dual shares
- Planemaker unlikely to reach agreement before annual meeting
Bombardier Said to Reject Government Aid Bid
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Bombardier Inc. rejected an initial investment proposal from the Canadian government to shore up the struggling planemaker’s finances as the two sides remain at odds over corporate governance and other issues, according to people familiar with the talks.
The federal government is seeking a more favorable deal than the one struck by the province of Quebec to support the C Series jet program at the Montreal-based company, officials said, speaking on condition of anonymity as talks continue.