Faust says JV may close today He seems to be citing himself as a source, so take it with a fist of salt
Airbus Completing the CSeries Acquisition Transaction Today?
On May 18 I wrote "Will Bombardier, Quebec Government and Airbus deal for the control over the CSeries be completed by… Friday the 25? Thursday the 31? (after markets are closed).Ah! Could the SWISS MSN 55030 be the first one delivered under Airbus's control making SWISS the First A200 Client? If not, it will be Korean Air MAN 55031 will be."
I was not far. My little finger is telling me that it would be closing today on the last Friday of the month. May 25 is the date where the deal with Airbus taking control of the CSeries from Bombardier and the government of Quebec would close. I'm expecting this to be completed either before the Toronto stock market opens or after it has closed today, Friday. Else it would be for June 1, the following Friday. Stating tomorrow, Bombardier employees are segregated from the rest of the Bombardier staff located at the Mirabel Airbus CSeries facility.