Crazy proposalIn light of Boeing deal with ratings agencies. Alstom deal cancelled force majeure. CDPQ will take 51% of BT for $1B (no consolidation). Partners will agree to invest in business first 3 years, no dividends. $1B of BA cash goes to BT but BT borrows $2B @ 2% and pays back to BBD. Net BA gets $2B and retains 49%. Down the road, once all smooth, BT will be vended back to Bombardier. Overall fair deal after CDPQ screwed over Bombardier 5 years ago. BA will use $2B of own cash from asset sale proceeds + $2B from BT proceeds above to buy back debt on open market (hopefully below 90 cents). CDPQ will do the same to the tune of $2B and lend back same to BBD at 3% guaranteed by QC. Ottawa will also lend $2B at 3% as well (optional). Net result is debt in BA will be 4-5B @3-%.3.5%. Debt to EBITDA 4:1, interest coverage 6-7:1. No restriction on buying back shares (due to manipulated unreasonably low Bombardier share price). Debt paid down from cashflow. The debt/interest/ratings agencies playing field is levelled.