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Bombardier wants federal bailout after receiving $1 billion from Quebec

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  • May 19th, 2017 2:03 pm
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Sep 1, 2013
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So, are they going to rehire any of the people they've put out of work recently? Now that they're accepting taxpayer support, they should be answerable to all taxpayers, and drastically reduce upper management compensation.
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Theyll get the bailout right before next election. Trudeau still needs Quebec vote
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Brazil files WTO complain against the Government of Canada for recent loan. Does a WTO ruling have any weight on something like this?

This is obviously to defend their Embraer brand.

Brazil Files WTO Complaint
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Government borrowing money to loan to Bombardier at 0% interest is a direct subsidy, not just a 'loan.' Other Canadian businesses dealing with, say, BDC (Business Development Bank of Canada, Crown corp) have to pay interest on their loans. Bombardier getting a sweetheart deal that other Canadian companies don't get wasn't a great idea when the Conservatives did it, and it's not a great idea now either.
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You can blame Harper, China hasn't bought one jet from Bombardier !
They signed an order for 300 jets from Boeing and another 150 from Airbus and still another and they still need another 1250 by 2020 !
You want to play politics with a superpower, suffer the consequences ...Canada !
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EdT586 wrote:
Feb 9th, 2017 3:43 am
You can blame Harper, China hasn't bought one jet from Bombardier !
They signed an order for 300 jets from Boeing and another 150 from Airbus and still another and they still need another 1250 by 2020 !
You want to play politics with a superpower, suffer the consequences ...Canada !
I'm not well versed in politics, but didn't Harper try to sign a bunch of trade deals with China? Why would it be his fault that they're not buying any planes?
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uber_shnitz wrote:
Feb 9th, 2017 10:23 am
I'm not well versed in politics, but didn't Harper try to sign a bunch of trade deals with China? Why would it be his fault that they're not buying any planes?
Basically candy type of deals, no real meat deals.
Harper is a China hater, took him 4 years into office and only with pressure from Canadian business that Canada was falling behind Europe and the US dealing with the PRC did he make a official state visit to the PRC. When he landed in Beijing, he was given the cold shoulder by Chinese government officials and then was scolded by then premier Wen Jiabao ...remember ?

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gizmo8 wrote:
Feb 9th, 2017 6:19 pm
Actually Boeing had the larger jets that Bombardier doesn't currently have and Boeing is known to discount to a point of barely breaking even.C 300 is a pretty amazing plane but the delays and low cost of fuel is affecting their sales.Bombardier family A shares is such a scam,it lets them keep control of the company with no worries about a shareholder revolt.
Either have work for the next decade like Boeing or Airbus or none like Bombardier laying off hundreds every month plus most of their planes up to 70% of the components are made in China anyways.
Bombardier Aerospace has a technology transfer agreement with Shenyang Aircraft, it's no secret everyone who works at Bombardier knows this. Parts like fuselage, wings and land gear assemblies are made outside of Canada and Canadian labour is only required to assemble them together and add a coat of paint so that Bombardier can get provincial and federal government grants to the tune of $100 million.
http://www.bombardier.com/en/media/news ... ercom.html?

Soon they won't even need Boeing or Airbus ! Doesn't the AVIC C919 looks like Bombardiers RJ ? ...LoL

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EdT586 wrote:
Feb 9th, 2017 11:33 am
Basically candy type of deals, no real meat deals.
Harper is a China hater, took him 4 years into office and only with pressure from Canadian business that Canada was falling behind Europe and the US dealing with the PRC did he make a official state visit to the PRC. When he landed in Beijing, he was given the cold shoulder by Chinese government officials and then was scolded by then premier Wen Jiabao ...remember ?

Actually Bombardier's lack of success in China is probably more related to the Chinese government forcing local airlines to buy the inferior COMAC ARJ21, as the Chinese government is notoriously protectionist in their attempts to support and develop local companies.
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pablonutribar wrote:
Feb 10th, 2017 5:02 am
Actually Bombardier's lack of success in China is probably more related to the Chinese government forcing local airlines to buy the inferior COMAC ARJ21, as the Chinese government is notoriously protectionist in their attempts to support and develop local companies.

Both the ARJ21 and C919 is not even in service yet and yes I applaud their protectionist attitudes in developing their own civil aviation sector !
Why should they buy overpriced planes that are 75% made in China when they can build them themselves ?
Western companies like Boeing and Airbus are simply playing the white man only club when it comes civil aviation by only certifying their own planes, case in point even Airbus was not allowed in North America if wasn't for Karlheinz Schreiber and the Air Canada/Mulroney affair, Boeing was the sole monopoly for airlines around the world, Karlheinz Schreiber should be a hero, not a convicted criminal for breaking Boeing's monopoly !
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EdT586 wrote:
Feb 10th, 2017 12:57 pm
Both the ARJ21 and C919 is not even in service yet and yes I applaud their protectionist attitudes in developing their own civil aviation sector !
Why should they buy overpriced planes that are 75% made in China when they can build them themselves ?
Western companies like Boeing and Airbus are simply playing the white man only club when it comes civil aviation by only certifying their own planes, case in point even Airbus was not allowed in North America if wasn't for Karlheinz Schreiber and the Air Canada/Mulroney affair, Boeing was the sole monopoly for airlines around the world, Karlheinz Schreiber should be a hero, not a convicted criminal for breaking Boeing's monopoly !
Yeah and that's the sort of thing that will ultimately be China's demise. You can't preach about the importance of globalization to the world while insulating your economy from outside competition. Someone crazy like Trump is going to meaningfully respond to Chinese protectionism and it's going to crash the Chinese economy. It's going to be terrible for countries like Canada but Trump will probably come out smelling like roses.
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Bombardier has not sold any planes in Russia also. The Russian government could be encouraging airlines based in Russia or the former Soviet republics to order jets from Sukhoi a Russian company better known for building fighter jets.


Passengers like flying on planes not made by Boeing or Airbus
http://www.economist.com/blogs/gulliver ... -strangers
After struggling with production delays and budget overruns, the CSeries is now enjoying a smooth entry into service. Airlines like the plane for its reliability and fuel efficiency, which Bombardier claims is up to 20% better than competing current-generation aircraft (other manufacturers dispute this). Passengers seem to like the on-board experience, praising its large cabin windows, high humidity and low noise levels (the engines on the CSeries are up to 20 decibels quieter than on comparable planes). The 3-2 seat layout means that only one in every five passengers must endure a middle seat, compared with a third on most 737s and A320s. Plus, Air Baltic and Swiss are compensating those sandwiched between two passengers by adding half an inch (1cm) to the already-ample standard seat width (lifting it from 18.5 inches to 19 inches). Many operators of Boeing and Airbus jets are going in the opposite direction, squeezing their passengers into 17-inch-wide seats.
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hugh_da_man wrote:
Feb 10th, 2017 1:40 pm
Yeah and that's the sort of thing that will ultimately be China's demise. You can't preach about the importance of globalization to the world while insulating your economy from outside competition. Someone crazy like Trump is going to meaningfully respond to Chinese protectionism and it's going to crash the Chinese economy. It's going to be terrible for countries like Canada but Trump will probably come out smelling like roses.
China's economy is big enough to buy enough planes from Boeing and Airbus and still have their own sectors. This is apparent in both their auto and aircraft industries.
The is no way in hell that both Boeing and Airbus can supply then with over 5850 planes by 2022. They sell over 40,000 new cars everyday day ...that is every day buddy, you would be lucky if they sold that many in Canada in a year !
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rotjong wrote:
Feb 7th, 2017 9:44 pm
That's what they say now, after a few years they will say it was a gift.
"The federal government’s $372.5-million loan to Bombardier won’t be fully repaid for 15 years, and those repayments will depend on the number of business jets and CSeries aircraft sold."
http://www.calgaryherald.com/bombardier ... story.html
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