How once mighty Bombardier became politically toxic in Quebec - News Summed Up

How once mighty Bombardier became politically toxic in Quebec


Bombardier Inc. is, for the moment anyway, composed of the A220 mid-range jet program (a joint venture with Airbus), a business-jet division (Bombardier Aviation) and a rail division (Berlin-based Bombardier Transport). (Ryan Remiorz/Canadian Press)The jet program — dubbed the C Series — was more expensive and took longer to develop than expected. That was untenable for the then Liberal government of Philippe Couillard, which feared another Quebec company getting poached in a foreign takeover. So Quebec slapped down $1.3 billion Cdn for a 49.5 per cent stake in the C Series program. But if helping Bombardier remains toxic in Quebec, Bombardier's need to sell assets could turn urgent in a hurry.


Source: CBC News February 06, 2020 09:00 UTC



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