Belfast Telegraph

Bombardier may look to Quebec for more financial help

By John Mulgrew

Bombardier could get further financial help from the Quebec regional government if a national deal from Canada doesn't go ahead.

The aerospace giant, which employs more than 5,000 people in Northern Ireland, is struggling to find buyers for its long-delayed CSeries jets.

The wings and many of the fuselages of the planes are built in Northern Ireland.

Last year the company received a $1bn (£660m) bailout from the Quebec regional government.

Now, it's been reported Quebec's new Transport Minister Jacques Daoust has said he has been in talks with Bombardier, and the regional government "will have a decision to make" if Canada's federal government does not give the plane maker the financial help it's asked for, the Globe and Mail reported.

"We're in talks with Bombardier, we're watching what is happening with the federal government very closely," Mr Daoust said.

"If, as of March 31, the federal government isn't present, the Government of Quebec will have a decision to make. But we've always supported Bombardier. It's a jewel of our economy, and we will continue" to support the company.

The production of wings for the CSeries is Northern Ireland's biggest-ever inward investment programme, worth £520m.

Bombardier currently has 243 orders for the CSeries. Its target is 300.

Earlier this week, Willie Walsh, chief executive of IAG, which owns British Airways, said he will "definitely" consider buying Bombardier's CSeries jets.

"We will definitely look at it, and we have looked at it."

Belfast Telegraph