{{The Quebec government will offer commercial-priced loans to purchasers of Bombardier’s made-in-Quebec CSeries plane, according to a document published in the province’s Official Gazette this week.}}<\/p>\n
The document said the government would offer loans totaling up to $1 billion, and stated that Bombardier had requested government involvement in financing the planes.<\/p>\n
The official decree orders Investment Quebec, a provincial government business credit agency, to provide the financing “to the clients of Bombardier Inc. for the purchase of CSeries airplanes assembled in Quebec, up to a maximum cumulative amount of US$1 billion.”<\/p>\n
Quebec said the manufacturing of airplanes was of significant economic interest to the province.<\/p>\n
The CSeries will be Bombardier’s biggest aircraft, and it takes the company into a new market segment, competing with smaller jets from industry leaders Boeing Co and Airbus.<\/p>\n
The new jet is not just an engineering challenge. Bombardier must win over customers as well, and orders have been sluggish. <\/p>\n
As of late March, it had 148 firm orders of its targeted 300, though that figure excludes a 32 jet commitment to Russia’s Ilyushin Finance Co that needs shareholder approval.<\/p>\n
Bombardier said last month that it is behind schedule in developing the plane but expects the first test flight by the end of June.<\/p>\n","protected":false},"excerpt":{"rendered":"
{{The Quebec government will offer commercial-priced loans to purchasers of Bombardier’s made-in-Quebec CSeries plane, according to a document published in the province’s Official Gazette this week.}} The document said the government would offer loans totaling up to $1 billion, and stated that Bombardier had requested government involvement in financing the planes. The official decree orders […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[101],"byline":[170],"hashtag":[],"class_list":["post-6964","post","type-post","status-publish","format-standard","hentry","category-news","tag-internationl","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/6964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=6964"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/6964\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=6964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=6964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=6964"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=6964"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=6964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}