Québec Writes Off $285 Million From Airbus A220 Investment

The government of Québec has written off about CAD400 million (USD285 million) from its investment in the Airbus Canada A220 program, acknowledging that it is unlikely to recover half the funds injected between 2022 and 2024.

The write-off, recorded in the province’s latest public accounts, reflects challenges including tariffs and persistent supply chain delays that have affected the program’s short-term returns, according to Québec’s economy minister, Christine Fréchette. The province stated that its stake in Airbus Canada is now worth about half of the CAD800 million (USD570 million) invested during that period.

Airbus Canada is jointly owned by Airbus, which holds a 75% stake, and the Government of Québec, which owns 25%. Since 2016, the province has invested over CAD2 billion (USD1.43 billion) in the A220 program, originally launched by Bombardier as the C Series before Airbus took over in 2017 for USD1.

Despite the accounting loss, Airbus remains optimistic. The company said that the government’s re-investments in 2022 and 2024 were consistent with expectations ahead of the A220’s breakeven target, which Airbus anticipates achieving by 2026 when production reaches 14 aircraft per month. Airbus delivered a record 75 A220s in 2024, up from 68 in 2023, and more than 62 by September 2025.

As of now, Airbus has delivered 450 A220 aircraft, including 71 A220-100s and 379 A220-300s, with additional orders for 486 units, underscoring continued long-term demand for the narrowbody jet.

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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com