The Quebec government will make a $1 billion cash investment in Bombardier that will allow the Montreal manufacturer to take its new CSeries aircraft through certification to full production, Bombardier announced Thursday. The company also announced a $3.2 billion write-down on development costs aimed at accelerating returns from sales of the narrowbody airliner. The actions were unveiled Oct. 29 during Bombardier’s third-quarter financials’ announcement.  They follow ...

Subscribe to Access this Entire Article

"Quebec government to put $1bn in new Bombardier CSeries partnership " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.