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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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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 !
You are in for a terrible awakening. Only some parts of the fuselage in those planes are made in china, the rest of those airplane components come straight from Western suppliers (with zero chinese involvement.) The EU and US supply flight controls, avionics, environmental systems, landing gear, engines, cabin interior, etc. -- Just go to airframer.com search those chinese planes and read their supplier list. Regarding Boeing and Airbus having a small portion of their fuselage work contracted to china, that's not a big deal. Those parts have little know-how transfer (technology transfer value) and are some of the less complex ones. This outsourcing is due to communist china mandatory offsets (quid-pro-quo) and not too much due to cost savings.
yare yare daze...
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LeisureSuitL wrote:
Feb 8th, 2017 2:07 pm
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
"A complaint from Brazil to the World Trade Organization over the federal loan is more bravado that substance. We need to remember that the Brazilian government provides preferential loans to Embraer, its country's airliner producer, as well as infrastructure concessions and defence contracts. It even holds a small stake in the company."
from http://www.huffingtonpost.ca/jerry-dias ... 01446.html
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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 !
eldiablo wrote:
Jan 2nd, 2017 2:00 pm
I would not waste a penny on Bombardier and their mismanagement of a corporation heading into the dark abyss.
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.
The Canadian government is now paying dearly for their prior decisions, (killing off the Avro Jetliner passenger plane and the Avro Arrow fighter plane which resulted in the instant loss of 15,000 jobs). All of the top engineers were hired by companies in the United States such as NASA, Boeing, etc. Americans liked the Avro employees a lot. Avro was even in the middle of designing a flying saucer for the US military.

Now it is expected by many people that the government must support Bombardier at all costs to make up for the past. If the government didn't kill off Avro then we probably wouldn't have this problem to begin with. Avro was even a decade ahead of Boeing in designing the first jet powered passenger plane in North America. Another plus was that Avro was based in Ontario, no Quebec separatist politics/politicians/families involved!





A wise RFD'er once said, "Buy now, think later."

¯\_(-.-)_/¯
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EdT586 wrote:
Feb 9th, 2017 8:47 pm
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?

Don't forget about Russia. Russia and China have signed a collaboration for a new plane (Comac C929).
http://www.scmp.com/tech/china-tech/art ... nce-airbus

Another Russian plane:

A wise RFD'er once said, "Buy now, think later."

¯\_(-.-)_/¯
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CSeries in airshow:

A wise RFD'er once said, "Buy now, think later."

¯\_(-.-)_/¯
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Bombardier Inc., Canada's largest aerospace company, announced that its C Series aircraft has been awarded the 2017 Civil Aviation Laureate Award from Aviation Week magazine.

http://finance.yahoo.com/news/statement ... 00366.html


Advanced Aerodynamics, Technology and Materials Earn Bombardier C Series Aircraft Aviation Industry Honours

http://finance.yahoo.com/news/advanced- ... 00161.html
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Bombardier Confident It Will Hit C Series Delivery Target for 2017

http://www.ainonline.com/aviation-news/ ... arget-2017
Swiss International Airlines’ acceptance of its sixth Bombardier CS100 on March 8 marked the first C Series delivery of the year, highlighting interruptions caused by persistent supply chain bottlenecks. Still, the Canadian airframe maker expects to deliver between 30 and 35 airplanes this year, as Pratt & Whitney, for one, continues to assure customers that it has addressed fan blade production problems and will soon solve technical “issues” related to parts such as the engines’ combustor.
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divx wrote:
Mar 10th, 2017 3:17 pm
what's bbd's track record on keeping to schedule so far?
Idnk, but the aerospace industry in general has a poor track record of delivering new aircraft on schedule
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@ hugh_da_man, that's business as usual at BBD. IINM, common shares stopped paying dividends long time ago while preferred shares still pay dividends (I understand even better than before to entice investor because they are a "risky investment"). IOW, the folks getting the shaft, the cronies getting the cash.

What I'm really surprised is that shareholders (particularly common stock shareholders) and creditors (Feds) aren't making a fuss out of this shameless abuse.
yare yare daze...
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hugh_da_man wrote:
Mar 29th, 2017 4:06 pm
Good thing Bombardier got all of that government money...what would the executive bonuses be without it???

Bombardier’s top execs get almost 50% pay raise as company lays off thousands, taps government aid
looks like the pay raise is due to their superb performance of reducing over 5B defict in 2015 to merely 1B defict in 2016, how else can you bleed that much cash and still get a pay raise?
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Nice to know what our tax dollars are going to support. While laying off thousands of former middle-class Canadians and begging for Federal money (after already receiving money from the QC government), they still manage to find the money for rather large corporate raises for people already earning more than they know what to do with for running a failing company.

Where's the outrage from our glorious leader, the great supporter of the middle-class that he claims to be? He should be running to the bank to cancel the cheque they wrote Bombardier last month.

We should put an end to this farce of a company and bring in the Japanese. At least they know how to put a train together on time.
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Nov 28, 2013
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these top dudes should not be getting that much in anything when receiving government bailouts
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