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Federal Help For Bombardier Pitched By Premiers Couillard And Wynne

The Canadian Press, 02 Mar, 2016 12:32 PM

VANCOUVER — The premiers of Canada's two most populous provinces have joined forces to push for federal help for Bombardier's CSeries aircraft.

Quebec Premier Philippe Couillard drew support from his Ontario counterpart in calling for Ottawa to back the airliner, saying the CSeries is important to the Canadian economy.

The province wants the federal government to join it in contributing US$1 billion to the troubled jet program at Bombardier (TSX:BBD.B).

Quebec has secured a 49.5 per cent stake in the CSeries and two of five seats on a separate board after agreeing last October to the financial contribution.

Couillard says he understands it takes time for Ottawa to consider the proposal, but he likened Quebec's case to federal support for the auto industry in the past.

Ontario Premier Kathleen Wynne supported Couillard, telling reporters at climate change talks in Vancouver that Bombardier is an important national company.

The Liberal government has said it was continuing to evaluate the request for funding.

The narrow-body CSeries planes, which are two years late and over budget at US$5.4 billion, are set to enter into service in the coming months.

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