Statement - Minister Bains approves Airbus/Bombardier strategic partnership

OTTAWA, June 8, 2018 /CNW/ - The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, made the following statement on the announcement by Bombardier and Airbus that their strategic partnership in the C Series program is proceeding.

"I am pleased to welcome Airbus's investment in Canada.

"The investment was subject to review and approval under the Investment Canada Act to ensure its overall economic benefit to Canada.

"I have concluded my review under the Act and am satisfied that this investment will benefit Canadians by growing our aerospace sector and creating good jobs.

"Canadians will be pleased to know that Airbus has committed to maintaining Mirabel as the primary industrial site for the C Series program, while prioritizing Mirabel for future growth investments. This is fantastic news for the talented women and men working in that important aerospace hub.

"The partnership will leverage Airbus's $82-billion global supply chain, which will provide significant opportunities for Canadian aerospace companies.

"In addition, Canada will be recognized as the fifth home country for Airbus, the first such outside of Europe, symbolizing Airbus's future commitment to Canada.

"This is a good day for Canada's aerospace sector."

Follow the department on Twitter: @ISED_CA

SOURCE Innovation, Science and Economic Development Canada