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Note that Airbus has the option to buy the whole program from Bombardier Inc. and the Québec government. I'm trying to find out the exact terms. There is some s
by Xixi 8y ago
Note that Airbus has the option to buy the whole program from Bombardier Inc. and the Québec government. I'm trying to find out the exact terms. There is some speculation that Airbus doesn't want to push the CSeries/A220 too much until then, as it will only make the remaining 49.99% of the program more expensive.
EDIT: after some research digging through the related thread on airliners.net [1], this is what I found:
"After 7.5 years (which is pretty fast), Airbus has a call option for all of BBD's shares in the joint venture at the then current market value (and BBD has a put option similarly, which it would exercise if things didn't work out). So basically, Airbus can buy the whole shebang in 7.5 years."
Since the announce was made in October 2016, in 6 years Airbus can trigger its option to acquire Bombardier's shares. Not completely sure about Québec's shares though.
[1] https://www.airliners.net/forum/viewtopic.php?f=3&t=1376389&start=100 https://www.airliners.net/forum/viewtopic.php?f=3&t=1376389&...