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Canada examining whether aid to Bombardier is too risky

Staff writer |
The Canadian government is examining a request for assistance from struggling aircraft maker Bombardier, Innovation Minister Navdeep Bains said, adding that one consideration was whether such aid would be too risky.

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Bains told reporters at an aerospace conference that he had spoken with Bombardier Chief Executive Alain Bellemare and would make sure that any assistance was "good value for taxpayers."

The provincial Quebec government has already decided to pay $1 billion for a near 50-percent stake in the long-delayed CSeries jet program, which is billions of dollars over-budget.

Asked if it was risky for the federal government to invest in the CSeries, Bains said, "That's part of the due diligence."

He declined to say how much Bombardier was asking for. "I don't want to negotiate in public but there's no doubt they definitely made a request," he said.

The minister also said he would ensure any help would comply with international trade law.

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