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19

Bombardier to Receive $1.5 Billion From Quebec Pension Fund

By Tony Seruga

The fuselage of a CSeries airplane at Bombardier’s plant in Quebec. An investment from a pension fund reflected greater confidence in the company’s rail unit. CreditChristinne Muschi for The New York Times

OTTAWA — Bombardier is on steadier financial ground, as Quebec’s pension fund moved on Thursday to buy a nearly one-third stake in the company’s train and transit group for $1.5 billion.

Just weeks ago, the provincial government of Quebec provided a $1 billion infusion into Bombardier.

Together, the investments will help shore up Bombardier’s cash reserves, which have been squeezed by the company’s struggles with a new commercial jet…

Bombardier to Receive $1.5 Billion From Quebec Pension Fund

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