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AEROSPACE NEWS

De Havilland Canada Secures $2.5B Financing Deal

Key Takeaways
  • De Havilland Canada secures $2.5B financing deal.
  • Financing will double production capacity for Canadair 515 waterbombers.
  • Expansion expected to create thousands of jobs across Canada.
  • Company aims to make additional aircraft production slots available starting in 2030.
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Strategic Implications

This financing deal may indicate the Canadian government's growing support for domestic aerospace manufacturing, which could strengthen De Havilland Canada's competitive position in the global market for waterbombers. The expansion suggests a potential increase in Canada's aerial firefighting capacity, which could benefit provinces and territories in their efforts to combat wildfires.

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What Happened

Calgary-Based Aircraft Manufacturer To Double Waterbomber Production

De Havilland Canada has reached an agreement with the federal government and Export Development Canada for up to $2.5 billion in financing to double production capacity for its Canadair 515 waterbombers. The company expects to make additional aircraft production slots available starting in 2030 and create thousands of jobs across Canada. The financing will support expanded manufacturing operations at De Havilland Canada’s facilities in Calgary and Victoria, as well as operations in Toronto, Kitchener, and Fort Erie, Ontario. This development was first reported by My Bulkley Lakes Now.

Source | Originally Published: October 30, 2024

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JUMPSEAT
AEROSPACE NEWS
JUMPSEAT
AEROSPACE NEWS

De Havilland Canada Secures $2.5B Financing Deal

Sponsored by: Jumpseat Solutions
Key Takeaways
  • De Havilland Canada secures $2.5B financing deal.
  • Financing will double production capacity for Canadair 515 waterbombers.
  • Expansion expected to create thousands of jobs across Canada.
  • Company aims to make additional aircraft production slots available starting in 2030.
Sign in to view key takeaways Get full access to in-depth analysis and key takeaways.
Sign In
Silver membership required Upgrade to Silver to access Key Takeaways.
Upgrade
Strategic Implications

This financing deal may indicate the Canadian government's growing support for domestic aerospace manufacturing, which could strengthen De Havilland Canada's competitive position in the global market for waterbombers. The expansion suggests a potential increase in Canada's aerial firefighting capacity, which could benefit provinces and territories in their efforts to combat wildfires.

Sign in to view strategic implications Get full access to strategic analysis and expert insights.
Sign In
Silver membership required Upgrade to Silver to access Strategic Implications.
Upgrade

What Happened

Calgary-Based Aircraft Manufacturer To Double Waterbomber Production

De Havilland Canada has reached an agreement with the federal government and Export Development Canada for up to $2.5 billion in financing to double production capacity for its Canadair 515 waterbombers. The company expects to make additional aircraft production slots available starting in 2030 and create thousands of jobs across Canada. The financing will support expanded manufacturing operations at De Havilland Canada’s facilities in Calgary and Victoria, as well as operations in Toronto, Kitchener, and Fort Erie, Ontario. This development was first reported by My Bulkley Lakes Now.

Source | Originally Published: October 30, 2024

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