Bombardier reviews minority stake in Airbus JV, flags writedown; shares tumble
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(Reuters) - Bombardier Inc shares shed nearly third of its value on Thursday after the company warned its 2019 profits would be lower because of problematic rail contracts and said it might have to write down the value of a plane partnership with Airbus .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..