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

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 05.25.17

Airborne
05.22.17

Airborne
05.23.17

Airborne
05.24.17

Airborne
05.25.17

Airborne
05.26.17

Airborne-Unmanned 05.23.17

Airborne-YouTube

AMA 05.25.17

Airborne
05.22.17

Airborne
05.23.17

Airborne
05.24.17

Airborne
05.25.17

Airborne
05.26.17

Airborne-Unmanned 05.23.17

XPONENTIAL Innovation Preview -- www.allthingsunmanned.com

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-Unmanned 05.23.17: Courts Nix Model Regs, Autonymous Flt, WATT 300

Also: King Schools Update, Kittyhawk APP, Robird And Integrated Drone Solutions, ICAO Drone Tracking The unmanned community got a bit of a jolt late last week when the US Court of >[...]

AMA Drone Report 05.25.17: Court Kills FAA Model Drone Registration, DJI Spark!

Also: AMA Reacts To Court, FAA Reaction, AUVSI Reaction, Kittyhawk Flight Deck APP Score one for us little guys... As you may have heard, the U.S. Court of Appeals in Washington, D>[...]

Airborne 05.26.17: Elvis' Jetstar, ACJ330neo, Redbull's Muroya Aims For Chiba

Also: Revitalizing The Aero-Verse, NAAA's Concerns, 737 Air Tankers, SD Air & Space Museum, LAX Mishap, Avidyne After sitting on a runway in Roswell, NM for more than 30 years,>[...]

Airborne 05.25.17: DJI Spark!, S. Lakeland Airport, Moon Rock Sample

Also: Airbus Corporate Helos, Airborne Expansion, Gulfstream G600, Gogo Business, MilFuel, Aerion And GE, Pro Line Fusion DJI has just introduced the Spark, which they call an "eas>[...]

Airborne 05.26.17: Elvis' Jetstar, ACJ330neo, Redbull's Muroya Aims For Chiba

Also: Revitalizing The Aero-Verse, NAAA's Concerns, 737 Air Tankers, SD Air & Space Museum, LAX Mishap, Avidyne After sitting on a runway in Roswell, NM for more than 30 years,>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC