Bombardier lines up US$700 million for its C Series aircraft program
Research Money, May, 2005 by Anonymous
Bombardier Inc has lined up US$700 million in commitments from the Canadian, British and Quebec governments in support of its proposed $3.1 billion C Series passenger jet program. Canada's largest aerospace firm is also seeking an equal amount from suppliers before greenlighting the project, which will be the largest jet ever built in Canada.
Development of the aircraft is estimated at $2.1 billion, while engine development is projected to cost $1 billion (R$, December 7/04).
The federal government commitment of $262.5 million is being made through a new program for large-scale aerospace and automotive R&D projects that has yet to be announced. The Quebec government's share is $87.5 million. The largest single commitment ($340 million) comes from the British...
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