Mr. Speaker, with regard to the government’s announcement to provide $372.5 million in repayable loans to Bombardier, the particulars of the contribution cannot be provided as the final agreement has yet to be finalized. In addition, information that is commercially confidential and/or sensitive cannot be publicly released.
These types of contributions are subject to ongoing reporting requirements throughout the project’s life cycle, including the repayment phase.
The Government of Canada is committed to the long-term viability and success of the Canadian aerospace sector, and an announcement of support for Bombardier will help secure thousands of high-quality jobs for Canadians across the country.
The aerospace industry is one of the most innovative and export-driven industries in Canada and contributes over 211,000 quality direct and indirect jobs for Canadians and $28 billion annually in gross domestic product to Canada’s economy. Bombardier is Canada’s highest private sector investor in research and development, and its position as an anchor company in the aerospace sector is vital for the success of nearly 800 suppliers in Canada.
The Government of Canada is proud to support leading-edge technology and job creation, while enabling Bombardier to grow as a globally competitive company for years to come.