16.11°C Vancouver

Feb 13, 2020 6:16 PM -

Bombardier completes its exit of commercial aviation as it sells CSeries stake

Share On
bombardier-completes-its-exit-of-commercial-aviation-as-it-sells-cseries-stake
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.

Latest news

modi-iranian-president-pezeshkian-discuss-west-asia-situation-in-phone-call
IndiaJun 30, 2026

Modi, Iranian President Pezeshkian discuss West Asia situation in phone call

Indian Prime Minister Narendra Modi spoke by telephone with Iranian President Masoud Pezeshkian on Tuesday, with the two leaders discussing the latest developments in West Asia and possible paths forward in the region. According to the Government of India, Pezeshkian briefed Modi on recent developments and the current situation in the region.During the conversation, Modi welcomed progress between Iran and the United States and reiterated India's long-standing position that all issues should be resolved through dialogue and diplomacy. India has consistently advocated for peace and stability in
alberta-to-unveil-next-phase-of-proposed-west-coast-oil-pipeline-on-july-2
AlbertaJun 30, 2026

Alberta to unveil next phase of proposed West Coast oil pipeline on July 2

Alberta Premier Danielle Smith is expected to announce new details Thursday about a proposed oil pipeline that would transport crude from Alberta to Canada's West Coast. Samuel Blackett, the premier's press secretary, confirmed Monday that Smith will outline the next steps for the project, which is being proposed with a capacity of one million barrels of oil per day. The proposal falls under an Energy Memorandum of Understanding (MOU) reached last year between the Alberta and federal governments. Under the agreement, the province had until July 1 to submit its proposal to the Major Projects Of
immigration-department-says-unclear-guidance-led-to-recall-of-some-citizenship-certificates
CanadaJun 30, 2026

Immigration department says unclear guidance led to recall of some citizenship certificates

Immigration, Refugees and Citizenship Canada says unclear departmental guidance on applications for citizenship by descent may have resulted in some people receiving proof of Canadian citizenship without sufficient supporting evidence. The department said 100 people were asked to surrender their citizenship certificates after a routine review identified cases issued under Bill C-3 that had "potentially insufficient supporting documentation." The explanation and the number of affected cases were released 17 days after the initial notices were sent to certificate holders. Federal officials said
carney-to-attend-nato-summit-in-turkey-then-visit-saudi-arabia-for-trade-talks
CanadaJun 30, 2026

Carney to attend NATO summit in Turkey, then visit Saudi Arabia for trade talks

Prime Minister Mark Carney will travel to Turkey next week to attend the NATO summit before making an official visit to Saudi Arabia, marking his first trips to both countries as prime minister. NATO leaders are scheduled to meet in Ankara on July 7 and 8 as alliance members discuss increased defence spending and plans to meet a target of spending five per cent of gross domestic product on defence and security by 2035. The benchmark follows years of pressure from the United States for member countries to increase military spending. According to the Prime Minister's Office, Carney has been urgi
b-c-premier-invites-petrochina-to-consider-investment-in-lng-canada-phase-2-during-beijing-visit
BCJun 30, 2026

B.C. premier invites PetroChina to consider investment in LNG Canada Phase 2 during Beijing visit

British Columbia Premier David Eby met with senior executives of PetroChina in Beijing during his first official visit to China and invited the company to consider investing in a potential second phase of the LNG Canada project in Kitimat. According to the B.C. government, PetroChina is China's largest oil and gas producer and supplier and is already one of five partners involved in LNG Canada's Phase 1 project. Eby said the first phase became the largest private-sector investment in Canadian history. The premier said a second phase of the liquefied natural gas facility could become another ma

Related News