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Minister Champagne says Canada is eager for sustainable aviation investment

OTTAWA — On Jun. 21, François-Philippe Champagne, Minister of Innovation, Science and Industry, concluded his visit to the Paris Air Show, where he promoted Canada’s aerospace industry and its leadership in sustainable aviation.

Accompanied by a delegation of more than 400 industry representatives and stakeholders, including those from over 130 companies, Minister Champagne met with several industry leaders, including the CEOs of Airbus and Bell Textron, as well as with senior executives from Safran, Raytheon and Lockheed Martin, among others. The Minister also took time to meet with several Canadian aerospace company representatives, including the CEOs of De Havilland, CAE and Héroux-Devtek.

While at the Paris Air Show, the Minister announced an investment of $350 million to support Canada’s new Initiative for Sustainable Aviation Technology (INSAT) aimed at accelerating the green industrial transformation of the aerospace industry. He also joined Canada’s SAF+ Consortium for the signature of an agreement with Air France KLM to supply e-SAF (sustainable aviation fuel derived from renewable energy) for their aircraft.

“This year’s Paris Airshow was a huge success and an opportunity to showcase why Canada is the place for aerospace businesses to invest, create jobs and have a role in the use and development of the aircraft of the future. Our government is committed to making Canada a leader and a strategic partner of choice when it comes to sustainable aviation. With Canada’s new Initiative for Sustainable Aviation Technology, our aerospace industry will help drive and accelerate the green transformation of this critical sector while strengthening supply chains and supporting the transition to a net-zero economy,” said François-Philippe Champagne, Minister of Innovation, Science and Industry.