RE:RE:An hypothesisI highly doubt that AB would want any kind of wonky relationship a threesome deal for developing the 500. ASSUMING that the JV does NOT have any clauses which stipulate who does what in developing the 500 then we can see the following scenarios:
1) Quebec keeps its shares and possibly increases its investment. Money for the development could be in the form of a loan to the JV. OR it could be further investment. Quebec would certainly require development work done in Montreal. For AB, this is good as it uses other peoples money.
2) I cannot see Bombardier putting money into this willingly. Pretty much zero return. Thus, either the 500 development cash comes from AB or AB and Que. Bombardier could be bought out or simply not participate. EXCEPT to be the recipient of a fat contract for development. In which case AB may arm twist a bit for BBD to put some cash in the pot.
3) AB goes it alone. Yet gives BBD a fat development contract.
I am convinced that BBD gets a contract as they have the expertise on this aircraft. Bombardier will also benefit from the increase in value of their share of JV. Of course AB will want to pay as little as possible.... so that will be a factor.
By the way, AB is NOT hurting sales of their planes with this. The 318, 319, and even 320 (low end) are due for upgrading.... particularly since Boeing WILL need to develop a new plane to replace the POS Max's. The 500 WILL be the plane to have in a fleet. The best. And can be developed in a fraction of the time a new 7turdy7 or 320 is developed.
Enjoy guys.
%)NowRetired