The Quebec government is ruling out any further aid for Bombardier Inc. amid reports the company is looking for investors and considering selling aerospace assets.
READ MORE: Quebec premier rallies Bombardier employees after U.S. imposes tariff
Economy Minister Dominique Anglade says the province has already done more than its fair share in terms of investing in the aerospace sector.
READ MORE: A guide to the Bombardier trade dispute and what could happen next
The government invested US$1 billion in 2016 for a 49.5 per cent stake in Bombardier’s CSeries commercial jet program.
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WATCH BELOW: Troubles for Bombardier
Anglade said Monday she welcomes news that other players might be interested in investing in Bombardier (TSX:BBD.B).
READ MORE: Justin Trudeau puts Donald Trump on notice over Bombardier tariffs
But Anglade, who is also now deputy premier, says the government will not get involved in Bombardier’s Q400 turboprop or CRJ regional jet programs.
READ MORE: Massive duty on Bombardier just latest example of new tariff-happy climate in Washington
Federal Economic Development Minister Navdeep Bains told reporters at the same event Ottawa has shown a long-standing commitment to the aerospace sector.
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