Quebec invests more in A220

Airbus and Quebec on Friday said they agreed to a $1.2 billion investment deal that would allow the Canadian province to maintain its 25 percent share of the A220 jet program. Airbus would invest $900 million, while Quebec would put $300 million into the program. The investment would help increase production in both Mirabel in the Montreal area and in Mobile, Ala. The two parties agreed to delay the date when Airbus can buy back Quebec's stake in the joint venture to 2030. The program is expected to be profitable in 2025. Quebec first invested in the aircraft when it was the Bombardier CSeries in 2015. Bombardier handed over control to Airbus in 2018 and left the program entirely in 2020. (Sources: multiple, including Reuters, The Canadian Press via Winnipeg Free Press, 02/04/22, Skies, 02/07/22) Previous related