Bombardier to get $1 bln investment from Quebec

Thu Jun 23, 2016 6:05am EDT
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June 23 (Reuters) - Canadian aircraft maker Bombardier Inc said on Thursday the government of Quebec agreed to invest $1 billion in its C series aircraft program.

The company said it would transfer the assets, liabilities and obligations of the program to a newly created limited partnership, in which Bombardier will hold a 50.5 percent equity stake and Quebec the rest.

(Reporting by Vishaka George in Bengaluru; Editing by Anil D'Silva)