-6 C
Ottawa
Thursday, December 25, 2025

Scrapping Luxury Tax to Fuel Demand for Bombardier Private Jets: CEO

Date:

A Bombardier employee works on an aircraft in Dorval, Quebec on April 14, 2025. The Canadian Press/Christinne MuschiThe federal government’s proposal to scrap the luxury tax will fan sales and job growth at Bombardier Inc., says the business jet maker’s chief executive Éric Martel.The 10 percent tax on its multimillion-dollar planes was stifling more than a half-dozen sales per year, he told analysts on a conference call Thursday.

About the author: The Canadian Press
Tell us something about yourself.
spot_imgspot_imgspot_img

Share post:

More like this
Related

North Koreas Kim Watches Long-Range Missile Test and Nuclear Submarine Progress: State Media

North Korean leader Kim Jong Un visits the construction...

Conservative MP Gunn Rules Out BC Conservative Leadership Bid, Citing Risk of a Federal Liberal Majority

Conservative MP for North Island-Powell River Aaron Gunn rises...

Car Burned in Suspected Anti-Semitic Attack

Australia NewsThe car reportedly belongs to a rabbi in...

Toronto Police Release Identity of Victim Shot Near U of T Scarborough Campus

Shivank Avasthi, 20, of Toronto. Toronto Police Service handout...