PPRuNe Forums - View Single Post - Bombardier offers majority stake in C Series to Airbus
Old 29th Oct 2015, 02:25
  #78 (permalink)  
peekay4
 
Join Date: Sep 2014
Location: Canada
Posts: 1,257
Likes: 0
Received 0 Likes on 0 Posts
Well, reportedly the total write-downs to be announced tomorrow may be in excess of $5 billion CAD, equivalent to the entire value of the CSeries investment to date, and almost 20% of Bombardier's total assets.

That practically guarantees the CSeries will be a multi-billion dollar loss to Bombardier, regardless of what happens going forward.

And they're not "out of the woods" yet, even with investments from Quebec.

It will be difficult for Bombardier's founding family to retain control, after all of this mess.
peekay4 is offline