{"id":121616,"date":"2022-02-05T18:30:00","date_gmt":"2022-02-05T18:30:00","guid":{"rendered":"https:\/?p=121616"},"modified":"2022-02-05T21:22:36","modified_gmt":"2022-02-05T21:22:36","slug":"airbus-quebec-investment-deal-for-a220-jet-program","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2022\/02\/airbus-quebec-investment-deal-for-a220-jet-program.html","title":{"rendered":"Airbus, Quebec reach $1.2 billion investment deal for A220 jet program."},"content":{"rendered":"\n

Europe’s Airbus and Quebec on Friday said they have agreed to a $1.2 billion investment deal that would allow the Canadian province to remain in the loss-making A220 jet program until the venture is likely to turn profitable.<\/p>\n\n\n\n

Airbus would invest $900 mln, while Quebec would put $300 million into the program, according to a statement from the province’s government.<\/p>\n\n\n\n

\u2192 Airbus launches air cargo service with its fleet of Beluga aircraft.<\/a><\/strong><\/em><\/p>\n\n\n\n

The investment would help the A220 program globally to support an increase in production, Benoit Schultz, chief executive of Airbus’ Canadian unit, told a press briefing. The A220 is built both at an Airbus plant in the Montreal area and at the Mobile facility in Alabama, Reuters<\/a> reported.<\/p>\n\n\n\n

The A220, previously known as the CSeries, is a 110- to 130-seater aircraft, a little smaller than Airbus\u2019s mainstay A320 jet. Reuters reported on the deal earlier, citing sources.<\/p>\n\n\n\n

The province has faced criticism for repeated investments in the program.<\/p>\n\n\n\n

Airbus Chief Executive Guillaume Faury said the program should be profitable by the middle of the decade.<\/p>\n\n\n\n

\u2192 Qatar Airways releases video, hits back at Airbus in A350 paint dispute.<\/a><\/strong><\/em><\/p>\n\n\n\n

Faury told reporters that COVID-19 weighed on cost-cutting efforts because it impeded production increases.<\/p>\n\n\n\n

“We need volume to have these savings,” he said.<\/p>\n\n\n\n

Quebec Economy Minister Pierre Fitzgibbon said the A220 program has promise to turn the corner and generates key jobs for the province, Canada’s aerospace hub.<\/p>\n\n\n\n

In 2020, Canada’s Bombardier exited the program, the first all-new narrow-body jet in 30 years, after it was beset with delays and cost overruns.<\/p>\n\n\n\n

Related Topics<\/h2>\n\n\n\n\t\t\t
\n\n\t\t\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t

\n\t\t\t\tBoeing Outpaces Airbus in Aircraft Deliveries During First Quarter<\/a>\n\t\t\t<\/h4>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\tRead More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t

\n\t\t\t\tAir Alg\u00e9rie to Modernize Fleet with 10 Boeing 737 MAX 8 Aircraft<\/a>\n\t\t\t<\/h4>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\tRead More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t

\n\t\t\t\tKorean Air Confirms Plans to Purchase 103 Boeing Aircraft<\/a>\n\t\t\t<\/h4>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\tRead More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t

\n\t\t\t\tEthiopian Airlines to Boost Cargo Fleet with Africa\u2019s First Boeing 777-300ERSF<\/a>\n\t\t\t<\/h4>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\tRead More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t","protected":false},"excerpt":{"rendered":"Europe’s Airbus and Quebec on Friday said they have agreed to a $1.2 billion investment deal that would…\n","protected":false},"author":4316,"featured_media":101995,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[190],"tags":[217,222,246],"class_list":{"0":"post-121616","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-the-industry","8":"tag-airbus-2","9":"tag-aircraft","10":"tag-canada"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220-80x80.jpg",80,80,true],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220-300x225.jpg",300,225,true],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/01\/Airbus-A220.jpg",800,400,false]},"uagb_author_info":{"display_name":"Redacci\u00f3n - Aviaci\u00f3n al D\u00eda","author_link":"https:\/\/aviacionaldia.com\/en\/author\/aad"},"uagb_comment_info":0,"uagb_excerpt":"Europe’s Airbus and Quebec on Friday said they have agreed to a $1.2 billion investment deal that would…","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/121616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/users\/4316"}],"replies":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/comments?post=121616"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/121616\/revisions"}],"predecessor-version":[{"id":121617,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/121616\/revisions\/121617"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/101995"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=121616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=121616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=121616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}