Quebec will not invest in Bombardier's regional jet program: economy minister

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Quebec will not invest in Bombardier's regional jet program: economy minister
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Quebec's economy minister said on Monday his government has ruled out inves...

MONTREAL - Quebec’s economy minister said on Monday his government has ruled out investing in Bombardier Inc’s weak-selling regional jet program, which could be sold to Japan’s Mitsubishi Heavy Industries Ltd.

Economy Minister Pierre Fitzgibbon said his government is taking steps to protect jobs within the Canadian province’s aerospace sector, but he will not invest billions of taxpayer dollars to boost sales of the regional jet program which is assembled near Montreal. “Is the Quebec government going to invest $2 billion in the CRJ? The answer is no,” he said, he said, referring to Bombardier’s regional jet program. He spoke in an interview on the sidelines of the Economic Forum of the Americas in Montreal.

Mitsubishi said last week it was holding talks to buy Bombardier’s regional jet program, but no decision had been made.

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