Boeing leads $415M investment in Montreal aerospace innovation zone
Key Ideas
  • Boeing commits $240 million to Quebec's aerospace cluster, contributing to a $415 million investment in the region's drone and greener aircraft development.
  • The aerospace hot spot will focus on research for efficient flights and electric vertical take-off and landing aircraft, benefiting from Montreal's skilled workforce and educational institutions.
  • Airbus also partners with Canadian airports and ZeroAvia for a feasibility study on hydrogen storage and fuelling, acknowledging the importance of green hydrogen in aviation.
  • Despite Boeing's investments, some Canadian airlines express concern over production delays and safety issues linked to the 737 Max jet.
Boeing has pledged $240 million towards an aerospace cluster in the Montreal area, part of a larger $415 million initiative to establish Quebec as a global hub for drone and greener aircraft development. The aerospace innovation zone will include investments from over a dozen companies and the provincial government, with a focus on research ranging from engine and plane design to electric aircraft technologies like flying taxis. The initiative also involves partnerships with educational institutions in Montreal and collaborations with companies like Wisk Aero and Héroux-Devtek. Airbus has announced agreements with major Canadian airports and ZeroAvia to conduct a feasibility study on hydrogen storage and fuelling, recognizing the potential of green hydrogen in the aviation industry. This move aligns with the global shift towards cleaner hydrogen production methods, including renewables like hydroelectric sources, nuclear energy, and wind and solar power. Despite positive developments, concerns remain among Canadian airlines regarding Boeing's production delays and safety issues related to the 737 Max jet. Overall, the article highlights the significant investments and collaborations driving aerospace innovation in Quebec, emphasizing the region's expertise and research capabilities in the aviation sector.
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