US$1b Quebec support for Bombardier jet project

Ottawa

AS aerospace manufacturer Bombardier struggles with a new commercial jet project, it will receive a US$1 billion bailout from the Canadian province of Quebec, helping ease concerns about the company's cash situation.

Bombardier's new single-aisle planes, the CSeries airliners, were supposed to be a game- changer for the company - a direct challenge to its much larger rivals, Boeing and Airbus. But the project, the company's first attempt to move beyond the regional and business aircraft market, has been marred by delays, cost overruns and a dearth of orders.