Planes Sold Below Cost?

The minister does not appear to dispute at all that the planes were sold below cost. In fact Bombardier booked an "onerous contract" loss on the sale to Delta. Amazingly, I am not making this up!

Economics is strange. Can a province prosper by selling planes below cost? Well, maybe if the alternative was those employees collecting welfare. Does not seem like a long term winning strategy though.

Mostly it has been Bombardier share owners and not governments subsidizing the planes. I believe Bombardier's total accumulated profit since it started circa 1949 is a negative number. Strange but I believe this is true. (I don't have all the dividend figures to know for sure but simply look at the current retained earnings which is billions of losses).