When it comes to the aerospace industry, money plays a huge factor since most parts and components are expensive and must be certified. So many companies deal with not being able to move forward with projects because the lack of money they are available to. Recently, the government of Canada gave a 283-million-dollar loan to Bombardier, which they will use for the 7000-business jet and C series aircraft programs. This money will be used for research and development for the new Bombardier Global 7000 business jet that is scheduled to release within four years. It is also going to be used for new activities to market their aircraft program. Lastly, it is going to fund several middle-class jobs and the beginning of a new generation of aircraft.
The main reason Canada gave this loan was because they wanted to keep the jobs to Canadians. With this loan, they could secure the high skilled, well-paying middle class jobs in their country. This can also allow Canadians to make a name for themselves in the aerospace industry because this Global 7000 flies very high ranked important people. This jet has a cabin experience that no other jet can compare to and they only want to get better because they believe a customer’s comfort is number one while traveling. The C series aircraft deals with many types of planes that could be marketed all over the world because every pilot could use a two engine, medium range jet and other smaller jets.
Canada believes it was a great investment to keep them competitive in the aerospace industry, and maybe innovate to put them on top of the game. They felt like Bombardier would be a good way to stay in the industry because they are one of the best in the aerospace sector. Here at Aerospace Aviation 360 we like to deal with well know products to assure that the product is great and will work. And it is important for our customer to know the company that the part is coming from and majority of our supplies manufacture over millions of aerospace parts.