Canada Loans $173 Million To Bombardier | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.22.24

Airborne-Unlimited-04.16.24

 Airborne-FlightTraining-04.17.24 Airborne-AffordableFlyers-04.18.24

Airborne-Unlimited-04.19.24

Join Us At 0900ET, Friday, 4/10, for the LIVE Morning Brief.
Watch It LIVE at www.airborne-live.net

Sun, Aug 09, 2009

Canada Loans $173 Million To Bombardier

Money Dependant On Firm Sales Contracts

Bombardier reportedly will receive a $173 million (US) loan from the Canadian government so that it can deliver as many as 8 aircraft to Scandinavian Airlines of Sweden (SAS).

Trade Minister Stockwell Day said in a statement that the funds for completion of the Q400 and CJR900 aircraft ordered by SAS will be routed through Export Development Canada (EDC), a government-run credit agency dealing with companies that produce goods for export. The money is will only be disbursed when a firm sales agreement between SAS and Bombardier is reached.

The international news service AFP reports that SAS and Bombardier have had a strained relationship in the past. SAS grounded 27 Dash 8 Q400 aircraft after the airline experienced several accidents involving the landing gear. An investigation concluded that corrosion, and not a design flaw, was the cause.

Bombardier eventually compensated SAS for the landing gear issues, and SAS planned to order new planes.

FMI: www.bombardier.com, www.edc.ca/english/index.htm

Advertisement

More News

SpaceX to Launch Inversion RAY Reentry Vehicle in Fall

Inversion to Launch Reentry Vehicle Demonstrator Aboard SpaceX Falcon 9 This fall, the aerospace startup Inversion is set to launch its Ray reentry demonstrator capsule aboard Spac>[...]

Aero-News: Quote of the Day (04.23.24)

"We are excited to accelerate the adoption of electric aviation technology and further our journey towards a sustainable future. The agreement with magniX underscores our commitmen>[...]

Aero-News: Quote of the Day (04.20.24)

"The journey to this achievement started nearly a decade ago when a freshly commissioned Gentry, driven by a fascination with new technologies and a desire to contribute significan>[...]

ANN's Daily Aero-Linx (04.20.24)

Aero Linx: OX5 Aviation Pioneers Each year a national reunion of OX5 Aviation Pioneers is hosted by one of the Wings in the organization. The reunions attract much attention as man>[...]

Aero-News: Quote of the Day (04.21.24)

"Our driven and innovative team of military and civilian Airmen delivers combat power daily, ensuring our nation is ready today and tomorrow." Source: General Duke Richardson, AFMC>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 04.22.24: Rotor X Worsens, Airport Fees 4 FNB?, USMC Drone Pilot

Airborne 04.19.24: Boom Supersonic, Aviation Alliance, BRM Electric

Airborne Affordable Flyers 04.18.24: Carbon Cub UL, Fisher, Affordable Flyer Expo

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC