Bombardier to take loan of $283m from Govt. of Canada
When it comes to the aerospace industry, finances play a significant role since most parts and components are expensive and must be certified. Many companies struggle to move forward with projects due to limited funding. Recently, the government of Canada provided a $283 million loan to Bombardier, which they will use for the 7000-business jet and C series aircraft programs. This funding will be allocated towards research and development for the new Bombardier Global 7000 business jet, scheduled for release within four years. It will also support marketing activities for their aircraft program and create several middle-class jobs, marking the beginning of a new generation of aircraft.
The primary reason Canada provided this loan was to retain jobs for Canadians, securing high-skilled, well-paying positions within their country. This investment also aims to establish Canada's presence in the aerospace industry, as the Global 7000 jet caters to high-profile individuals. With an unparalleled cabin experience, Bombardier aims to prioritize customer comfort while traveling. Additionally, the C series aircraft offers versatility, suitable for various global markets, catering to pilots' needs for medium-range and smaller jets.
Canada views this investment as crucial to maintaining competitiveness in the aerospace sector and potentially leading innovation in the industry. Bombardier's reputation as one of the best in the aerospace sector reinforces Canada's confidence in this investment. Here at Aerospace Aviation 360, we prioritize renowned products to ensure quality and reliability. It's essential for our customers to know the source of the parts, and the majority of our suppliers manufacture millions of aerospace components.
Share
