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by guiomie 3167 days ago
"Bombardier Inc. announced Monday it has sold a majority stake in its CSeries passenger jet business to European aerospace giant Airbus for no cost." ... Does "for no cost" mean for 0$? I guess this means the Quebec Government was diluted, thus is the crisis really avoided?
1 comments

It might mean "for no loss", that is, for what it paid for it. No cost to the taxpayers.

Note well: I do not know if that is the correct interpretation.

The guardian seems to add more details:

"If Airbus’s plan works, it’s ingenious. It will get a 50.1% stake in the C-Series without paying a penny and will collect some cheap warrants on Bombardier’s shares"

https://www.theguardian.com/business/nils-pratley-on-finance...

Ah, that seems to rule out my interpretation.