Bombardier gets final installment of Quebec's $1 billion investment

Fri Sep 2, 2016 2:46pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

(Reuters) - Canadian plane and train maker Bombardier Inc said on Friday it had received the final installment of $500 million from the province of Quebec as part of a previously announced investment in its CSeries aircraft program.

The Quebec government signed a deal with the company in June to invest $1 billion in the CSeries program, which has struggled with years of delays and cost overruns.

(Reporting by Anet Josline Pinto in Bengaluru; Editing by Maju Samuel)

A Bombardier logo is pictured on the company booth during the European Business Aviation Convention & Exhibition (EBACE) at Cointrin airport in Geneva, Switzerland, May 24, 2016.  REUTERS/Denis Balibouse