Britain has thrown financial support behind exports of Bombardier CSeries jets part-built by Northern Ireland workers caught up in a recent trade row. Export credit agency UK Export Finance said the financing for jets being delivered to Korean Air would support jobs in Belfast, where the Canadian plane maker operates a state-of-the-art wings plant. The move comes weeks after Bombardier won a shock reprieve from severe US import duties on the 110-130-seat CSeries when a US tribunal ruled Boeing had failed to prove it had been harmed by low prices of CSeries sold to Delta Air Lines. The Boeing-Bombardier dispute raised questions over jobs at Northern Ireland’s largest industrial plant and drew warnings to Boeing over UK ties from Prime Minister Theresa May, who depends on a Northern Ireland party for her majority. Though Bombardier receives some UK development funding, UKEF had long resisted Canadian requests to finance CSeries exports that partly compete with those of Airbus, the Eur...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.