Canadian government gives C$10 million to H55

Canada’s government has made what it said is a “repayable contribution” of C$10 million (US$ 7.3 million) to H55 Canada under its Aerospace Regional Recovery Initiative (ARRI). The cash is to “enable this global leader in electric propulsion for aircraft to make Greater Montréal its North American platform for developing and manufacturing its products”, according to a statement by Canada Economic Development for Quebec Regions. More concretely, the CED said the cash “will support the launch of the company’s manufacturing activities, whereby a facility is being secured and battery pack production will begin in 2024” and “will also enable H55