Quebec's government invests $413M in Airbus A220 program, extending buyback timeline to 2035.
Quebec's government has invested an additional $413 million in the Airbus A220 commercial jet program, bringing its total investment to over $2 billion. The funding maintains Quebec's 25% stake in the program and extends Airbus's buyback timeline by five years, to 2035 from 2030. The A220 jet is assembled in Mirabel, Quebec, and Mobile, Alabama, with Airbus aiming to sell 14 aircraft per month and achieve profitability by 2026.
July 23, 2024
22 Articles