Caisse rubbishes Boeing’s claims over Bombardier subsidies

The chief executive of Quebec’s largest pension fund, Caisse de depot et placement du Quebec, has dismissed Boeing’s claims that Bombardier has received $1.5 billion investment in unfair subsidies as “rubbish”. Speaking to Reuters, Michael Sabia, said: “I guess the guys at Boeing are so used to being subsidized by the defense department in the United States that they can’t understand what a subsidy is anymore because they live off them.”. In April, Boeing asked the U.S. Commerce Department to investigate alleged subsidies and unfair pricing for Bombardier’s CSeries airplane, accusing Bombardier of having sold 75 of the planes to