RE:RE:RE:1 Billion loan from the fed . and now this from the Globe:
The federal government will give Bombardier $372-million in repayable loans, according to a source who requested anonymity because they weren’t authorized to speak on the matter.
Several cabinet ministers, including Innovation Minister Navdeep Bains and Transport Minister Marc Garneau, have scheduled a news conference at a Bombardier facility in Montreal at 6:30 p.m. ET.
Bombardier has been appealing for $1-billion (U.S.) in federal assistance since late 2015.
The Quebec government provided a $1-billion lifeline last year for Bombardier’s C Series jet, which was mired in delays and cost overruns.
The company has received at least 360 firm orders for the C Series jets as of late November.