NEWS
04/30/2016 14:55 EDT | Updated 05/01/2017 01:12 EDT

Trudeau says Ottawa continues to negotiate with Bombardier

MONTREAL — Prime Minister Justin Trudeau says his government is continuing to negotiate with Bombardier to establish the 'right business case' for federal investment in the company.

Trudeau praised the aircraft manufacturer's CSeries jets today but did not provide any further details on whether Ottawa would grant the company's request for federal funding.

He commented on the issue following a speech he gave to the biennial convention of the Liberal party's Quebec wing in Montreal.

The Quebec government has promised US$1 billion of public money for Bombardier (TSX:BBD.B) and the company is seeking a similar sum from Ottawa.

Premier Philippe Couillard has called on the Trudeau government to do its part after the announcement earlier this week that Delta had placed an order with the company for 75 CS100 aircraft with options for an additional 50 planes.

 

The Canadian Press