QUOTE:
"Adieu, A220. Farewell, commercial aviation.
Bombardier Inc. is transferring its 33.6-per-cent stake in the partnership that builds the plane formerly known as the C Series to Airbus SE and the government of Quebec, the companies said in a statement issued early Thursday. Airbus paid Bombardier $591 million to boost its stake to 75 per cent, while Quebec now holds the remaining 25 per cent.
The deal, which is effective immediately, cements Bombardier’s exit from commercial aerospace. It also frees the Montreal-based manufacturer of future capital requirements to Airbus Canada LP, as the venture is called, just as production is ramping up. Bombardier put the future contributions at US$700 million."
Full article
https://montrealgazette.com/business...series-chapter