Bombardier, which sold control of the A220 program to Airbus in 2018 for a token Canadian dollar as part of broader efforts to improve its financial footing, said the venture needed more investment and might be subject to a writedown during fourth-quarter results next month. Bombardier also said it is “reassessing” its minority stake in the A220 jet program, which will require additional cash to ramp up production. …read more
Source:: Yahoo Finance
