The Vassal State

The past week has seen the unfolding of a familiar saga: another Canadian corporate gutting. This time it was Bombardier; lackluster management and US protectionism led it to concede defeat in its C-series aspirations and hand control of the program over to Airbus. Stock market watchers cheered the move: “Better half a loaf than none”.

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Bombardier and Airbus

Yesterday’s sale by Bombardier of a controlling interest in C-series production to Airbus is huge blow for the Canadian aerospace industry, but the best that it could do in a bad situation.

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