Don't know but it does smell fishy.
But then again, we do live in a bankruptocracy.
This somehow makes me think of a former local jewel: Bombardier.
They made a lot of stuff: snowmobiles, boats, jet-skis, all terrain vehicles, trains, forest fire fighting aircraft, private jets, regional jets.
They wanted to play in the same pool as Boeing and Airbus, so they spent billions of dollars trying to develop a new plane. When the going started to get tough, they got a new CEO. First thing he did was increase the exec's salaries. Then he started selling parts of the company to fund their project.
He sold the snowmobiles, the boats, the jet-skis, the ATV, the firefighting aircraft division, the private jets, the regional jets, the trains and finally their big airplane division.
At that point, he was heralded as a hero by the company and given a very generous multi-million retirement package. The company is now essentially a shell, everyone in the administration is filthy rich and the company doesn't have a money cow left to bring in revenues.
And BTW, if anyone is offered to fly on a Bombardier C series or an Airbus A-220, it's new name, just ask for another flight. These things were so plagued with problems that I have a ton of doubts on their quality. They use a proprietary engine that was built for weight savings. They saved so much weight that they had some of the strangest accidents while in experimental stage. So much that Transport Canada deemed the test-flights unsafe for a long time
