• Alstom also interested in Bombardier rail arm – sources
The deal signals Bombardier’s exit from commercial aviation by transferring its remaining interest in Airbus Canada to the main parent Airbus SE company and the government of the Canadian province of Quebec.The deal, which gives Airbus a 75 per cent share and Quebec a 25 per cent stake in the A220 program, allows Bombardier to avoid future investments of about $700 million.
Bombardier added that the transaction would also help the company – which faced a cash crunch in 2015 – improve its overall financial position.
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