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Resource News International, October, 2004
Winnipeg, MB, Oct 29, 2004 (Resource News International via COMTEX)
OTTAWA OFFERS C$1.5 BILLION IN LOAN GUARANTEES TO BOMBARDIER
Ottawa - The federal government is offering Bombardier up to $1.5 billion in loan guarantees to support the sale of as many as 45 regional passenger jets to Air Canada.
The financial backing for Montreal-based Bombardier is coming from Industry Canada and designed to help the aerospace giant compete in a tight international market.
Last month, as it emerged from bankruptcy protection, Air Canada - also based in Montreal - announced it intended to buy at least 30 Bombardier regional jets worth at least $821 million US.
It also confirmed it was purchasing up to 45 regional jets from Brazil's Embraer, an...
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