Bombardier could spin off CSeries project if Ottawa follows Quebec's lead by offering USD 1bn in financial aid
Bombardier may spin off its CSeries jet project into a separate entity if Ottawa joins Quebec by offering the Montreal, Quebec-based plane and train maker USD 1bn in financial aid, reported The National Post on 26 March.
Scotiabank analyst Turan Quettawala said in an item cited in the newspaper's Financial Post section that Bombardier, if the Government of Canada follows the Government of Quebec's lead by providing the company with financial assistance, may spin off the CSeries jet program and divvy it up equally among the company, Ottawa and Quebec.
National Post