Details I heard on the C Series deal with the Prov.Gov.It seems a new company was created between Bombardier and the Quebec government. The new company will recieve an injection of 1 billion dollars including all the assets of the C Series, except that the debt generated for the development of the C Series will remain with Bombardier and its shareholders. Can anybody concur my findings?
If its true, its real bad deal for retail shareholders of Bombardier. Shareholder value losses, anyone?
All in my opinion.