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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

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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.

Washington

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...

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