After being mired in controversy for months, there’s finally some good news for Bombardier.
The Montreal-based aerospace and transportation manufacturer has its biggest order yet for the CSeries passenger jets. Delta Airlines has placed a firm order for 75 CS100 aircraft with options for an addition 50 plans. Based on the list price, Bombardier says the firm order is valued at about US$6.5-billion.
Bombardier has been at the centre of political controversy after being offered a US$1-billion lifeline from the Quebec government and has asked the federal government to match the funds. The Quebec and Ontario governments support the call for federal funding which Ottawa is studying.
Quebec Premier Phillipe Couillard reiterated support for matching federal funding today saying Quebec’s aerospace industry is as important as the automobile sector in Ontario. He addsaerospace is currently the most innovative sector in the Canadian economy. Couillard says it’s “paradoxial” that Ottawa is dragging its feet on support for Quebec’s key sector but hasn’t hesitated to help Ontario with billions in public funds.
There are calls that the hard-hit energy sector should get funding if Bombardier’s request is approved.
Bombardier is banking on the CSeries to revive the company’s fortunes.