Ottawa unveils $350-million fund to support green tech in aerospace cdnpoli
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In an announcement at the Paris Air Show on June 19, Industry Minister Francois-Philippe Champagne said the cash will flow to a new fund dubbed the Initiative for Sustainable Aviation Technology.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The board’s interim chairman Walter Di Bartolomeo says it is the sector, rather than Ottawa, that will determine the most promising projects for sustainable aviation. The government says the rollout is a direct response to the main recommendation to emerge from recent consultations led by the Aerospace Industries Association of Canada.
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