Canada · 15 h ago
Quintin Soloviev · CC BY 4.0 · Wikimedia Commons
Ottawa pledges up to $2.5 billion to De Havilland to build more water bombers
Federal financing, up to
2.5 $ billion
The money, expected as loans and loan guarantees through Export Development Canada, would fund a second assembly line in Alberta.
De Havilland says it will double capacity to an eventual 20 planes a year, with more planes assembled at once from 2030.
What we know
- Loans and guarantees, up to $2.5B
Not yet
- Interest rates and repayment terms
- Any reporting requirements
The interest rates and repayment terms are confidential, and Ottawa laid out no reporting requirements.
