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Airbus A220 to get another cash injection from Quebec government

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Aerospace & Defense News

Business,Canada,Top Canada

Quebec will make a new investment of “several hundred million dollars” to help Airbus SE ramp up production of its narrow-body aircraft in the Canadian province, bringing its total outlay to more than C$2 billion ($1.5 billion), according to a report from La Presse.

An Airbus SE A220-300 passenger jet, operated by Deutsche Lufthansa AG, at Vaclav Havel Airport in Prague, Czechia, on Wednesday, Feb. 14, 2024. With global air travel almost completely recovered from the pandemic, cutting emissions is once again the industry’s No. 1 challenge.

The provincial government put in another $300 million in 2022 and its ownership is now 25%. As of last year, the value of that stake had fallen to about $300 million — effectively wiping out the original investment.

 

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