PPRuNe Forums - View Single Post - Bombardier offers majority stake in C Series to Airbus
Old 7th Oct 2015, 23:22
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Grizzz
 
Join Date: Sep 2014
Location: Up and away in the mountains of Canada
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Bombardier has been divesting itself of many divisions for quite awhile, so nothing really new about this tact. The company has had losses on many fronts and splitting off divisions (Bombardier recreational products aka BRP, sea-doo, ski-doo, can-am etc) and the light rail division has been in flux for years (big chunk sold to SNC Lavalin, one of the worst corporate entities in Canada). The current atmosphere in Canadian political circles is to stop subsidies to business regardless of who and where, something A & B get to capitalize on in their respective operations. Federal election in less than 2 weeks here may change some of these options going forward, but I suppose most political options will be somewhat afraid of corporate subsidies, given the new pacific rim trade agreement and the anti-protectionist mechanisms sure to be a part of it. CS is a calculated gamble and i for one hope it succeeds, albeit without government parachutes.
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