4 ms·
"Bombardier Inc. announced Monday it has sold a majority stake in its CSeries passenger jet business to European aerospace giant Airbus for no cost." ... Does "
by guiomie 9y ago
"Bombardier Inc. announced Monday it has sold a majority stake in its CSeries passenger jet business to European aerospace giant Airbus for no cost." ... Does "for no cost" mean for 0$? I guess this means the Quebec Government was diluted, thus is the crisis really avoided?
- AnimalMuppet 9y agoIt might mean "for no loss", that is, for what it paid for it. No cost to the taxpayers. Note well: I do not know if that is the correct interpretation.
- guiomie 9y agoThe guardian seems to add more details: "If Airbus’s plan works, it’s ingenious. It will get a 50.1% stake in the C-Series without paying a penny and will collect some cheap warrants on Bombardier’s shares" https://www.theguardian.com/business/nils-pratley-on-finance/2017/oct/17/airbuss-ingenious-bombardier-plan-is-comeuppance-for-boeing https://www.theguardian.com/business/nils-pratley-on-finance...
- AnimalMuppet 9y agoAh, that seems to rule out my interpretation.