Ottawa willing to work with Bombardier on share structure
Canada is willing to “find a solution” with Bombardier Inc as the parties consider the company’s dual-class share structure during talks on a $1-billion government fund-infusion, the minister responsible said late on Saturday.
June 13, 2016 By Reuters
The struggling aircraft maker Bombardier has asked for $1-billion from the federal government to support its new C Series passenger jet, though sources have said the government is concerned by the share structure that grants the founding family control despite their holding a minority stake. Critics say the structure means it is hard to push through needed reforms.
“We’re willing to find a solution with them, but these are part of the discussions we’re having,” Innovation Minister Navdeep Bains said when asked whether the government will still invest in Bombardier’s C Series planes if it keeps the share structure that favours the Bombardier-Beaudoin family. | READ MORE