As Bombardier pushes for a federal bailout, a new hope has emerged in the form of Iranian cash, newly freed from international economic sanctions.

Iranian media reported over the weekend that the Quebec-based civil transport company had signed a memorandum of understanding to be part of a new startup airline in Iran's Qeshm Free Trade Zone. Bloomberg News reported the airline is only in talks about joining Iranian and Chinese investors in a startup airline called Fly Qeshm.

Bombardier poured cold water on the reports Monday, saying they are inaccurate. But the company confirmed it is in talks to sell aircraft in Iran.

"We build, market and sell aircraft and trains," Marianella de la Barrera told Reuters.

She said Bombardier was “advancing in discussions” with Iranian officials, and that Bombardier execs are “visiting more often,” but didn’t give specifics about the orders the company is eyeing.