Well it is politics after all.
- The Air Canada deal will be sold as evidence that Bombardier has a "strong business case"
- The board seats at the new subsidiary will be sold as evidence that "positive governance changes" are being made
And in reality many of those making noise about further investment in Bombardier are simply angling to get their own piece of the pie from Ottawa.
E.g., there's a lot of opposition from politicians in Alberta, but only because they also want $700 million in "infrastructure investment" from the Federal government to soften the impact of low oil prices. So as long as they get their "piece of the pie" in the upcoming March 22 budget, this opposition will go away.
Federal investment into Bombardier is looking like a done deal, and that's not necessarily a bad thing. What's wrong is giving Bombardier blank checks without demanding real changes and accountability from the company.