The Quebec government is pledging to bail out Bombardier Inc. if the aerospace company gets into a deeper crunch — an offer that fits with the company’s long history in the province, say market watchers, and the jobs at stake if it fails.
On Wednesday, Quebec’s economy minister Jacques Daoust told reporters the provincial government is ready to help Bombardier if its balance sheet deteriorates further. The beleaguered company has been burning through cash to develop its CSeries commercial jet and a new generation of Global business jets.
On Wednesday, Quebec’s economy minister Jacques Daoust told reporters the provincial government is ready to help Bombardier if its balance sheet deteriorates further. The beleaguered company has been burning through cash to develop its CSeries commercial jet and a new generation of Global business jets.