Ottawa under growing pressure to bail out Bombardier Inc as company clinches major CSeries order

, Financial News

The federal government is currently in talks with Bombardier concerning a possible bailout, estimated to be at least $1 billion — matching the infusion of cash pledged by the Quebec government last year.

OTTAWA — The federal government is facing growing pressure to provide financial assistance to Bombardier Inc., even as the Montreal-based aerospace giant inked a multi-billion-dollar agreement to provide its CSeries aircraft to Delta Air Lines.

The deal announced Thursday with the U.S. airline is estimated to be worth US$5.6 billion and will include the purchase of 75 CS100 aircraft beginning in 2018, with options to buy more.

But that still leaves the future of Bombardier in question, with rising costs and the possibility of layoffs looming.

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