Bombardier to get $1 bn investment from Quebec

By: |
Bengaluru | Published: June 23, 2016 4:26:39 PM

Canadian aircraft maker Bombardier Inc said on Thursday the government of Quebec agreed to invest $1 billion in its C series aircraft program.

Bombardier will hold a 50.5 percent equity stake and Quebec the rest.(Reuters)Bombardier will hold a 50.5 percent equity stake and Quebec the rest.(Reuters)

Canadian aircraft maker Bombardier Inc  said on Thursday the government of Quebec agreed to invest $1 billion in its C series aircraft program.

The company said it would transfer the assets, liabilities and obligations of the program to a newly created limited partnership, in which Bombardier will hold a 50.5 percent equity stake and Quebec the rest.

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