Government of Canada will provide CA$372.5m in repayable contributions to Bombardier

The Government of Canada is committed to keeping Canada at the forefront of global leadership in the aerospace sector. The aerospace industry is one of the most innovative industries in Canada, and it provides over 211,000 quality jobs for Canadians and CA$28bn annually in GDP to Canada’s economy. That is why, today, the Government of Canada announced that it will provide CA$372.5m in repayable contributions to Bombardier. This funding will be provided over four years and will support thousands of good middle-class jobs, strengthen the long-term competitiveness of Bombardier and help to build the aircraft of the future. Through its collaboration with Bombardier, the Government of Canada is investing in thousands of Canadians and hundreds of suppliers across the country. As the nation’s largest aerospace company, Bombardier supports thousands of jobs in design, engineering and manufacturing through its nation-wide supply chain of companies. This initiative by the Government of Canada will fund research and development for the new Global 7000 business jet and ongoing activities related to the development of the company’s C Series aircraft.