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Québec taxpayers actually made money with the deal, strangely enough. Bombardier basically split the CSeries program from it's main division and placed all ass
by 908B64B197 6y ago
Québec taxpayers actually made money with the deal, strangely enough.
Bombardier basically split the CSeries program from it's main division and placed all assets (factories, IP for the plane) in a separate company. The government then invested in that company and got shares in return. So it's really more like VC.
These shares also get a part of the profits from the CSeries and the government can sell them if it wishes.