Belfast jet-maker Bombardier in $1bn Quebec rescue

Canada’s Bombardier, which employs 5,500 at its Belfast unit, will get a Quebec government rescue of $1.3bn (€1.17bn) as the struggling plane-maker prepares to pump more cash into the tardy, over-budget CSeries jet-liner.

Quebec will take an equity stake in Bombardier and invest $1bn into the CSeries, which will need an additional $2bn during the next five years.

The wings for the CSeries are made in Belfast.