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Bombardier completes its exit of commercial aviation as it sells CSeries stake
BY , Feb 13, 2020 6:16 PM - REPORT AN ERROR
The Montreal based company, Bombardier is transferring its shares to Airbus and the province as it tries to emerge from more than 9 billion dollars in debt.
Bombardier is selling its remaining stake in the A-220 jet for nearly 600 million dollars in a deal that involves Airbus and the Quebec government.
The Montreal based company is transferring its shares to Airbus and the province as it tries to emerge from more than 9 billion dollars in debt.
Quebec Economy Minister Pierre Fitzgibbon calls the agreement a ``win-win'' for all partners.
This morning Bombardier also reported a 2019 loss of 1.61 billion dollars.
Rumours persist that it will sell one of its two main divisions later this year.
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