Re:Airbus buys majority stake in Bombardier CSeries passenge...
by igrekel on Tuesday October 17, 2017 @10:46PM
(#15496523)
The province did take a stake when it provided assistance but the stake taken was on the CSeries program end not on BBD itself. And hat stake just got diluted a while lot by the deal with Airbus (going from 49% to less than 20%).
Then, over the border the finished, packaged products go, tariff-free, under the auspices of NAFTA.
Separately, I'll mention that I've heard commentary on Canadian news to the effect that the Provincial and perhaps National governments provided assistance -- not taking an ownership stake; rather, direct financial assistance -- to Bombardier to aid in development of the jet.
To the extent that expected returns, financial and employment and whatever, are now leaving the Province and Canada, this leaves those governments out in the cold and deprived of expected returns. I don't know all the details of this, and perhaps what I heard was biased, but it was described at length and very critical e.g. of the governments not having built greater assurances into the aid they provided.