Sun, Aug 09, 2009
Money Dependant On Firm Sales Contracts
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
Bombardier eventually compensated SAS for the landing gear
issues, and SAS planned to order new planes.
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