Brazil Launches WTO Challenge over Aid for Bombardier | Aviation International News

Brazil Launches WTO Challenge over Aid for Bombardier

Canadian government follows up on C$1 billion Quebec loan commitment with C$372.5 for C Series, Global 7000

Brazil claims the Bombardier C Series has benefited from more than $4 billion worth of illegal government subsidies. (Photo: Bombardier)

By Gregory Polek • Senior Editor

February 8, 2017

Brazil on Wednesday formally requested consultations with the Canadian government at the World Trade Organization (WTO) in Geneva over public financial support for Bombardier’s C Series program. The move follows an announcement by the federal government in Ottawa that it would grant Bombardier C$372.5 million ($283 million) in interest-free loans for both the C Series and the Global 7000 business jet. Although the loan totals less than the C$1 billion Bombardier original sought, CEO Alain Bellemare expressed satisfaction with the amount due to what he characterized as an improving financial situation at the company.

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