The funding adds to the US$1.3-billion Quebec has already invested in the partnership with the European planemaker. Airbus will add another US$900-million
Quebec is pouring yet more money into a manufacturing partnership with Airbus SE on the A220 jet as the European plane giant continues to grapple with supply chain disruptions and labour troubles that are hobbling its aircraft manufacturing globally.
It’s the second time the province has pumped in additional funds since taking an initial US$1-billion equity stake in the plane program. The last injection came in early 2022. The A220, a single-aisle plane seating 100 to 150 people, is the former C Series airliner developed by Bombardier Inc. at a cost of more than US$6-billion. It was the biggest research and development effort in Bombardier history, a nearly two decades-long push funded in part by public money with the aim to put Bombardier at the cutting edge of global passenger-jet manufacturing.
Quebec, which had invested US$1-billion in the program to help Bombardier avoid a financial collapse, held a 16-per-cent stake when Airbus took control but later boosted its share to 25 per cent. Airbus owns the other 75 per cent.
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