From Financial Post · GlobeNewswire · · 50s
De Havilland Canada Doubles 515 Production with $2.5B Funding
De Havilland Canada will double De Havilland Canadair 515 production using $2.5 billion in government and export financing.
In brief
De Havilland Canada will double De Havilland Canadair 515 production using $2.5 billion in government and export financing. De Havilland Canada secured $2.5 billion in financing from the Government of Canada and Export Development Canada to double its De Havilland Canadair 515 production capacity starting in 2030…
Production Agreement
De Havilland Canada announced an agreement with the Government of Canada and Export Development Canada to double De Havilland Canadair 515 production.
Funding Details
Canada and Export Development Canada agreed to provide up to $2.5 billion in financing to accelerate production and bring additional aircraft slots to market starting in 2030.
Production Impact
De Havilland Canada will use the financing to hire new staff and invest in production capacity across Canadian sites including Victoria, Calgary, Toronto, Kitchener, and Fort Erie.
The one thing
De Havilland Canada secured $2.5 billion in financing from the Government of Canada and Export Development Canada to double its De Havilland Canadair 515 production capacity starting in 2030.
