According to a news report by the Financial Times, sources said Comac — China’s state-owned aerospace manufacturer — is working with at least one bank on a deal that could involve an investment in Bombardier’s commercial aerospace division, or a stake in its CSeries program.
A spokesperson for Bombardier said the company would not comment on market rumours or speculation.
Bombardier received $1 billion from the Quebec government for its CSeries program, and the federal government provided a $372.5 million loan towards development of its Global 7000 business aircraft program, as well as the CSeries program.
Earlier this month, Comac’s C919 completed its maiden flight in Shanghai. The aircraft is the first independently developed by China.
“This is not only a major historic breakthrough in China’s aviation industry, but also a significant achievement made by China in deeply implementing the strategy of driving development by innovation and comprehensively promoting the structural reform of the supply said,” Comac said of the maiden flight in a news release.
Bombardier has previously engaged in partnerships with the Chinese manufacturer.
In 2012, Bombardier announced it planned on strengthening its strategic partnership with the company with an agreement that involved collaboration on the development and customer operating efficiencies of the C919 and Bombardier’s CSeries.
Bombardier’s CSeries program is currently at the centre of what could be a major trade dispute between Canada and the United States.
Last month, American aerospace giant Boeing filed a petition to the U.S. Department of Commerce seeking an anti-dumping, countervailing duty order against the sale of Bombardier’s CSeries aircraft. Boeing has alleged that Bombardier sold the jets to Delta at an “absurdly low” price, well below the cost of manufacturing the jet.
Bombardier lawyers were in a Washington, D.C. courtroom on Thursday, arguing against the petition and saying it was “unprecedented in its overreach.”
With files from the Canadian Press.
11 Comments
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Sep. 20, 2015, the article <Israel to bring in 20,000 Chinese construction workers> reported that Israeli Prime Minister Benjamin Netanyahu said Sunday, Israel plans to bring in 20,000 Chinese construction workers to help build new apartments as part of efforts to lower housing costs. He said that Chinese's pace of work in building high-risers was 50 percent higher than that of Israelis, Palestinians and others.
Please Google my article <Why that work-speed of China's worker is higher than that of others>: The innate high quality of Chinese people - high IQ
DEC. 23, 2011, the article <Optimal IQ's for Various Groups> revealed the reason from innate level - intelligence quotient - IQ.
North Coastal China: 115-118
South Coastal China: 112-116
Generalized Japanese/Korean: 110-112
Generalized Northern Euros: 97-102
Generalized Southern Euros: 92-102
Generalized Indian: 92-96 (they suffer from poor environment)
Sub-Saharan Africans: 85
Please Google my article <The speculators are destroying the foundation of Canadians survival>: “In the Era of agricultural economy, the geographic space is the living space. In the Era of market economy, the market space is the living space.”
The low productivity and high cost in goods manufacturing would certainly make Canadians lose living space due to that will be doomed fail in the market competing.
Canadians urgently need to explore a new way out from the way in self-destructing.
Only the government can improve the life of their citizen is a good government, only the people can hard work to make life-necessities is good people.
Legally encouraging their citizen to strike for more by doing less is in self destructing.
Please forget ideological, only concern how to avoid to be starve to die.
In struggling for survival by competitive manufacturing, Canada is no way out, besides carpool with China.
The Chinese got what they wanted out of the CSeries program in 2012 when Bombardier agreed to codevelop components.
All that ended up happening is Bombardier loosing intellectual property to spying.
En result is Bombardier created an other competitor who will end up buying Bombardier for next to nothing and the Government (federal and provincial) including the workers and tax payers will be left holding the bag..
Yes.... It is a one way street when you deal with this country.... Unless they fund your election....
Canadian citizens don't have the option of buying Chinese land or companies. All they want is the technology. Why do business with a government that state sponsors counterfeiting and stolen organ transplants? I couldn't even make this comment in China
With predatory actions from Boeing and the Chinese government, Bombardier Aerospace may become the A.V. Roe of the 21st century.
· Make it happen... make the FTA happen with China too and the Silk road initiative as well.
That will teach you to interfere with executive bonuses!
· Bet the Chinese will get voting shares unlike our spineless governments.
Oh really what a surprise with Traitor Trudeau as PM
· Another Canadian company down the tubes
· sell that company to china
· let's see, a Canadian company makes the most advanced jet liner on the planet, and your great idea is to make sure all that technolgy and expertise is handed over for a pittance? perhaps you haven't thought this through. Or is Canada really just a bunch of lumber and rocks to sell?
· @Crisel, What is Bombardier for you?
· Claude Beauchemin hi claude---bbb is a company i grew up with -from the 335 to the 399 skidoo of my youth to seadoo and all my investments-- i made modest money with it in 2001--- but when it started building planes and trains --no--- the c series is terrible to ride in.. cheap descibes it perfectly.. trains are not working--- now its a tax payers black hole where every jon costs 2
$200,00-. --even the janitor looses money... its liberal corruption paid to a sepratist province
C919首飞之后又有新动作！中国商飞考虑投资加拿大同行
2017-05-18 21:37
资料图：5月5日下午2时许，首架国产大飞机C919在上海浦东机场4号跑道成功起飞。
中新经纬客户端5月19日电 据英国《金融时报》报道，中国商飞可能投资加拿大负债累累的庞巴迪的商用航空航天部门，或者入股后者的C系列100-150座客机项目。
中国商飞和庞巴迪就一笔交易展开了会谈，该交易可能为这家负债累累的加拿大公司的客机业务注入新的生命力。知情人士表示，中国商飞正在与至少一家银行合作，探索与庞巴迪结盟的可能性，这可能涉及由其投资庞巴迪的商用航空航天部门，或者入股后者的C系列100-150座客机项目。
“一切都在讨论中，”一位知情人士说，这两家公司一段时间以来一直在商谈一项交易，但不会很快做出决定。据悉，中国商飞没有回应记者的置评请求。庞巴迪也拒绝发表评论。
中国商飞参与了中国C919客机项目，掌握了新一代飞机技术，这将帮助中国商飞实现成为全球航空制造业领导者，成为与空客和波音有力的竞争者。
据悉，在中国商飞试图入股加拿大最被看重的工业资产之一前，至少有一家政府控制的中国公司曾与庞巴迪展开谈判，但后来终止了。
多年来，中国商飞和庞巴迪的关系一直很密切。2012年，两家公司签署了一项C919和C系列共同性合作协议，以降低培训和维护成本。(中新经纬APP)
