UPDATE 1-Quebec Government Will NOT Invest in Bombardier's Regional Jet Program (CRJ) -Economy Minister
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June 10, 2019 - by By Allison Lampert for reuters.com
Quebec's economy minister said on Monday his government has ruled out investing in Bombardier Inc's weak-selling regional jet program, which could be sold to Japan's Mitsubishi Heavy Industries Ltd.
Economy Minister Pierre Fitzgibbon said his government is taking steps to protect jobs within the Canadian province's aerospace sector, but he will not invest billions of taxpayer dollars to boost sales of the regional jet program which is assembled near Montreal.
The Quebec government previously invested $1 billion for a stake in Bombardier's flagship narrowbody jet program, which is now owned by Europe's Airbus SE.
"Is the Quebec government going to invest $2 billion in the CRJ? The answer is no," he said, he said, referring to Bombardier's regional jet program...