How to resolve AdBlock issue? Quebec and Airbus deal to boost jet production
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- February 7, 2022
The government of Quebec and Europe’s Airbus have reached a $1.2 billion investment deal to help boost production of the Airbus A220 jet program.
The A220 is built in Montreal, Que and also at a facility in Alabama.
The Quebec government’s share of the new investment deal is $300 million while Airbus will invest $990 million.
The deal defers by four years the period when Airbus buys out Quebec's 25 per cent stake in the small jetliner from 2026 to 2030.
The A220 is a 110- to 130-seater aircraft. It’s smaller than Airbus’s A320 jet and has benefited from airlines preference for smaller aircraft during the pandemic. However, production of the A220 is still not a profitable venture.
Airbus Chief Executive Guillaume Faury told the media during a recent press conference he expect the A220 program to be profitable by the middle of the decade.
Roberto Nicoli has been named managing director of Bystronic Canada. Nicoli has been with the company since September 2014 as director of global key account management.
Doosan Robotics Inc., has launched a new business unit, Doosan Robotics Americas, establishing its U.S. headquarters in Plano, Texas. Doosan Robotics.
RoboVent has launched a new program to help the manufacturing industry better understand and address air quality issues in manufacturing facilities.
Researchers in the UK have introduced what they say is the first ever friction stir robotic crawler for internal repair and restoration of inaccessible pipelines.
Image: 124rf
The World Economic Forum (WEF) has released its 2019 Global Competitiveness Report, and the news isn’t good for Canada and the U.S.
After two months of strong increases, Canadian merchandise trade activity slowed in April, Statistics Canada reports.
Sandvik Coromant has signed an agreement to acquire Canadian company ICAM Technologies Corp., a developer of software that translates CAM data into optimized coding for guiding CNC machining operations.
Mazak and MachiningCloud have partnered together to bring enhanced data management to machine shop floors.
Chysler Canada is having a good run: July marked the 56th consecuative month of year-over-year sales growth with July sales of 28,007 hitting the highest July sales in the company's history.
Quebec bus manufacturer Nova Bus, has won a bid to manufacture and supply 150 diesel powered buses to Halifax Transit over a three-year period.
Perfectly imperfect - that is the technology landscape in metal 3D printing boiled down. On one hand, the diversity in metal additive manufacturing technologies enables complex geometries and opens unique applications that no other manufacturing technique can reach. But these technologies are by no means infallible, and metal AM is ripe for improvement. Through an extensive benchmarking study, IDTechEx has asked the question: where are metal additive manufacturing technologies going, and where are the whitespaces for advancement in the metal AM landscape?
Mazak Corp. has acquired MegaStir, a supplier of friction stir welding (FSW) tools and technology, expanding Mazks Hybrid multi-tasking machine technology offerings.
The manufacturing sector hit record-high levels in June, according to the latest data from the IHS Markit Canada Manufacturing Purchasing Managers' Index (PMI), registering 57.1, up from 56.2 in May and the highest reading in more than seven and a half years of data collection.
Cullen Morrison is the new business development manager for threading at Komet of America. He has experience in cutting tool sales and applications and will be responsible for marketing planning and development, sales promotion, training and sales activities for the company's threading line (JEL and Bass).
