Exclusive: Canada Government Pushed for Airbus Deal as Bombardier Courted China - But How Much China Offered the Bombardier Shareholders?
Canadian government encouraged Bombardier to make a deal with Airbus SE for its CSeries planes to thwart a potential venture with China - set back efforts to improve trade and economic ties with China.
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October 25, 2017 - By Allison Lampert, Tim Hepher Reuters
- In a series of calls with Bombardier in August and September, Innovation Minister Navdeep Bains and Trade Minister Francois-Philippe Champagne, as well as senior officials in Trudeau's office, urged Bombardier to contact the European company, the two sources said.
MONTREAL/PARIS (Reuters) - The Canadian government encouraged Bombardier to make a deal with Airbus SE for its CSeries planes to thwart a potential venture with Chinese investors, according to five sources familiar with the matter.
For Bombardier, a tie-up with the Chinese would have offered access to the world's fastest-growing aviation market, providing a boost to its struggling CSeries program. Bombardier has not a secured CSeries sale in 18 months.