TORONTO - Canada’s Bombardier Inc , which reported a massive quarterly loss on Thursday, outlined a plan that will see the Quebec government invest $1 billion in its long-delayed CSeries jet program, easing investor fears over the company’s liquidity. The plane and train maker, confirmed a Reuters report Wednesday that it plans to form a joint venture with the Canadian province on the jet, which is due to enter into service next year. Quebec’s cash infusion will help complete work on the delayed jet and “will also keep CSeries operations here in Quebec for at least another 20 years,” Quebec Minister of Economy Jacques Daoust said in a statement. The fortunes of Quebec’s aerospace sector are closely tied to those of Bombardier, whose 18,000-strong workforce and presence in the province supports many smaller aircraft vendors and suppliers. Indeed, the province is keen that the typically high-paying, high revenue-generating jobs should stay in the region. Quebec’s Liberal government has repeatedly said it will support Bombardier and its huge workforce. Still, the company’s recent struggles have been a cause for concern for the province. The narrow-body CSeries line of jets, which are set to compete against Boeing Co’s 737 planes and Airbus Group’s A319 and A320 jets, has been delayed for years and is billions of dollars over budget. The struggle to get the CSeries project done and in the air has left Bombardier saddled with over $9 billion in debt, and led to complete management overhauls and other issues. In a bid to raise cash, Bombardier has been looking at a wide range of options, including a sale of a stake in the CSeries and the sale of a minority stake in its rail arm. Talks with Airbus around a joint venture on the CSeries fell apart earlier this month. Bombardier reported a third-quarter loss of $4.6 billion, or $2.20 a share on Thursday. That compared with net income of $74 million, or 3 cents a share, a year ago. The quarterly loss was tied largely to impairment charges on the CSeries and its Learjet 85 program that is being permanently mothballed, as Reuters had earlier reported. The company’s shares closed up 11 percent at C$1.61 on Wednesday, following the Reuters report on the CSeries joint-venture and writedowns on the two jet programs.