Proposed Bombardier bailout will cut its stake in CSeries project
Federal government mulls deal that would give Canada, Quebec government and Bombardier each a one-third stake
Mon, Feb 29, 2016 - 5:50 AM
The proposed deal will allow Bombardier to alter the way that it accounts for the CSeries business, which is costing at least US$5.4 billion to develop and launch, and which the company does not expect to generate returns for another four years or more.
A PROPOSED Canadian government bailout of Bombardier Inc's new CSeries jet manufacturing programme would reduce the company's stake in the money-losing aircraft, taking it off the plane maker's books and boosting results in the short term, two sources familiar with the matter...