De Havilland Canada says it will double DHC-515 production with federal financing

Financing from Canada and EDC

2.5 $ billion, up to

The company said Canada and Export Development Canada have agreed to provide up to $2.5 billion in financing.

De Havilland Canada said the money will let it bring additional aircraft slots to market starting in 2030, ramping up to double its current production capacity.

Sites named by the company

• Victoria
• Calgary
• Toronto
• Kitchener
• Fort Erie

The company said it will hire new staff and add capacity at its Canadian sites.

De Havilland Canada says the plan will create thousands of Canadian jobs, with supply-chain jobs from Newfoundland to British Columbia. It said it will also work with suppliers to speed up deliveries of components.