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 -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 05.18.15

Airborne 05.19.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.15.15

Airborne Hi-Def On YouTube

Airborne 05.18.15

Airborne 05.19.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.15.15

 

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

Airborne 05.21.15: Unlawful Photography? REALLY?, VA Flt Benefits, Pilatus 5M

Also: Aerion Takes Orders, API Partner EAA, 'Fly Along' Case Resolved, BASE Jump Tragedy, Electromagnetic Catapult, Gulfstream G650ER, Piper M500 With the FAA still stuck in the mu>[...]

AD: Airbus Helicopters (Previously Eurocopter France) Helicopters

AD NUMBER: 2015-10-05 PRODUCT: Airbus Helicopters (previously Eurocopter France) Model AS365N3, EC155B, and EC155B1 helicopters with an external life raft in the footsteps with cer>[...]

ANN's Daily Aero-Linx (05.22.15)

MILAVIA MILAVIA, military aviation, is what you are going to find here! The site starts with modern combat aircraft, focusing on main fighters, ground attack aircraft and bombers t>[...]

ANN's Daily Aero-Term (05.22.15): Flap Deflection Angle

The angle between the deflected flap and the chord line.>[...]

Aero-News: Quote Of The Day (05.22.15)

“The restrictions that the town has adopted, by its own calculations, would prohibit a significant share of all airport operations.” Source: Excerpt from a complaint co>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC