The Canadian government plans to move ahead quickly with an aid package for the domestic aerospace industry in an effort to keep work from moving outside the country. Ottawa wants to finalise a package within six to eight weeks for the entire aerospace sector, but deal with Bombardier's needs earlier as it is considering bids from the USA and Ireland in competition with the provinces of Quebec and Ontario to build a final assembly plant for its new CSeries airliner. Bombardier is expected to decide early next year whether to proceed with the 110- to 135-seat aircraft at a development cost of $2 billion. It wants government financial participation of $700 million, another $700 million from risk-sharing suppliers and the balance from the company. Bombardier says if it cannot get financing from Canada it will build the aircraft elsewhere.
Source: Flight International
