Bombardier receives final installment in C Series program from Quebec

Bombardier (TSE: BBD) has confirmed disbursement of the second and last USD500 million US installment of the previously announced USD1 billion US investment by the Government of Québec in the C Series Aircraft Limited Partnership, the company said.

Investissement Québec, acting as agent of the Government of Québec, has issued additional warrants exercisable for a total number of 50,000,000 Class B shares (subordinate voting) in the capital of Bombardier.

Bombardier is a manufacturer of both planes and trains headquartered in Montréal, Canada. In the fiscal year ended December 31, 2015, the company posted revenues of USD18.2 billion.