Quebec Government Partnership with Bombardier to Protect Jobs, Fuel Innovation

October 29, 2015

Ottawa (Ontario) – Today it was announced that the Government of Quebec will partner with Bombardier on the development of its CSeries aircraft. The government will invest $1 billion in the CSeries program in exchange for a 49.5% minority stake.

Aerospace Industries Association of Canada (AIAC) President Jim Quick issued the following statement in response to today’s announcement:

AIAC congratulates Bombardier and the Government of Quebec on their partnership to continue developing the CSeries aircraft. Bombardier is Canada’s largest aerospace company and an innovation and employment leader in our industry. The company is responsible for the employment of 64,800 jobs in Canada, including a supply chain of over 1000 companies, and is the industry’s biggest investor in research and development. This partnership will help to protect thousands of highly-paid, highly-skilled Canadian aerospace jobs and will fuel innovation in one of the most advanced manufacturing industries in the world.

About AIAC:
AIAC is the national association representing Canada’s aerospace manufacturing and services sector. As the world’s fifth-largest aerospace industry, Canada’s aerospace sector contributes over $29B to the economy in GDP, exports 80% of its output, and dedicates over 20% of its activity to research and development (R&D). Aerospace is responsible for the employment of 180,000 Canadians.

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For information:
Kristen VanderHoek
Director of Communications
Aerospace Industries Association of Canada
613 232-4297 x225
kvanderhoek@aiac.ca