Quebec open to foreign money in Bombardier
By Reuters | China Daily | Updated: 2015-10-09 08:28
Quebec, Canada's largest province, has signaled it is open to foreign investment in Bombardier Inc after the Canadian plane and train manufacturer failed to sell its CSeries jet program to Airbus, potentially inviting a politically difficult deal with a Chinese investor.
The failed talks were the latest blow to Bombardier, which is saddled with debt as the CSeries program limps toward commercial service next year, years late and billions of dollars over budget, jeopardizing Bombardier's dream of entering the aviation big league on its own terms.
Asked about the possibility of foreign investment, Quebec's Economy Minister Jacques Daoust hinted that a majority stake held by overseas interests would not be unusual.
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