Remember when I said IQ wouldn't exit unless they got the right price?
Prediction: The launch of the 225 will move up. Development costs shared with IQ. Buyout price increases. But so does the long term value of every single A220 slot and A320NEO slot.
Every slot is sold through the period where IQ can be bought out. Why would IQ want the company dissipating whatever incoming revenue they have on more R&D work? I can see why Airbus would want such a thing, though. It'd depress the current value of the partnership right up to the point where it can buy out IQ, if they time it out correctly.
FWIW, Airbus's CEO said they would not invest in a stretch till the enterprise is economically viable, and now we know it's on a trend line for break even in 2025. I doubt this advances the A225 timeline at all.
It seems like some people here thinks that Airbus must or should buy out the Government of Quebec. Why should they?
Because they have an agreement/contract for doing exactly that: redeem Quebec's stake in 2026.
Whether Airbus effectively exercises their call option on the Quebec share, is probably up to them.
Possibly Quebec also has a put option to stick the share to Airbus at a predetermined price - in order to keep all noses in the same direction.
Similar to BBD's put option, which was exercised earlier than planned, i.e. today.
Clearly whatever put option that was constructed in 2018 was not what was exercised today.
IMO it shows that all of these agreements are in effect statements of intentions, ones that can be discarded and rewritten as needs arise.
Airbus thought it was in its benefit to let BBD off the hook, so it was willing to discard the old agreement and put a new one into effect.
IQ sounds like a fairly passive investor, so chances are pretty good they will just go with the flow.
It's not like they have much choice, Airbus has had control of the BoD going back to 2018.