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Plane maker invests £500m in NI Plane maker invests £500m in NI
(30 minutes later)
Bombardier Aerospace is investing half a billion pounds in Northern Ireland, which will sustain over 800 jobs.Bombardier Aerospace is investing half a billion pounds in Northern Ireland, which will sustain over 800 jobs.
A total of £519.4m will be used to design and manufacture wings for their 110-130 seat CSeries aircrafts. A total of £519.4m will be used to design and manufacture wings for their 110-130 seat C-Series aircrafts.
It is the largest ever single investment in Northern Ireland by any company.It is the largest ever single investment in Northern Ireland by any company.
The government has also agreed to provide £52m to the project as part of a wider £155m government investment package in Bombardier.The government has also agreed to provide £52m to the project as part of a wider £155m government investment package in Bombardier.
First Minister Peter Robinson said: "This is fantastic news for East Belfast and Northern Ireland. I have been involved in this deal for a considerable period of time, pushing the government for their support." First Minister Peter Robinson said: "This is fantastic news for east Belfast and Northern Ireland. I have been involved in this deal for a considerable period of time, pushing the government for their support."
Bombardier C-Series Costs US$46.7m eachSeats 110 to 130 passengersExpected to enter service in 2013"Greenest aircraft in its class," Bombardier saysWings manufactured in Belfast
Deputy First Minister Martin McGuinness said: "The investment will also see the development of state of the art technology as well as developing the manufacturing and engineering skills of our workforce that will benefit our economy for years to come."Deputy First Minister Martin McGuinness said: "The investment will also see the development of state of the art technology as well as developing the manufacturing and engineering skills of our workforce that will benefit our economy for years to come."
Shaun Woodward, Secretary of State for Northern Ireland, has welcomed the decision saying: "This proves that devolution is winning for Northern Ireland". Economy Minister Arlene Foster welcomed the decision, saying: "Undoubtedly, the expertise in advanced design and innovative composite materials which Bombardier has developed in Belfast has been instrumental to today's decision."
Economy Minister Arlene Foster welcomed the decision saying: "undoubtedly, the expertise in advanced design and innovative composite materials which Bombardier has developed in Belfast has been instrumental to today's decision." Shaun Woodward, Secretary of State for Northern Ireland, said the decision was proof that "devolution is winning for Northern Ireland".
Announcing the investment on the eve of the Farnborough air show, Bombardier said greener fuel-efficient technology used in the C-Series would "revolutionise" the 100-149 seater market.
The long-running project was dropped two years ago, but the Canadian aerospace firm resurrected it last year amid amid rising fuel costs globally.
Lufthansa has provisionally ordered 30 planes with an option for 30 more.