372mm Bombardier bailout - APPROVED

[R154]

http://www.macleans.ca/politics/gove...372m-in-loans/


So, basically the government has decided to help bombardier continue to finance their declining business jet division with an interest free loan. To the tune for 372 million of your money.

Bailout? The gov't wouldn't do that.

What if they can't pay it back? Bombardier? They're good for it.

And discuss.

[Gestalt]

There's worse things to blow money on. Interest rates are effectively zero anywau.

I would be completely happy if they even keep the money, as long as they deliver on the flying cars they say they can build.

[gwill]

wheres the hundreds of millions for the 150,000 unemployed in alberta? It blows my mind how they can throw money at quebec and their companies while ignoring alberta for as long as they have.

[01RedDX]

.

[Xtrema]

http://www.usatoday.com/story/travel...ines/71568226/

[R154]

The Quebec govt gave them 1billion for a minority stake last year. They begged the feds for another 1b this year. Absolutely ridiculous.

I absolutely wish they would let them go bankrupt already. How many kicks at the proverbial can does this company get?

[Gestalt]

I like that we have such a diverse and quality manufacturer in Canada. Proud of it.

They've been profitable in the past, and expect to be again. They employ 60000 people long term.

We are building a pipeline across a continent for 35,000 temporary jobs. So dont give me the small potatoes speach. How much do we subsidize our other corporations and businesses.

If they need a few more years, Im good with that, and imagine that flying cars will be made in Canada. That's epic.

[R154]

There is nothing left to build in Canada for keystone. Our part is built to the border.
There is only technical jobs from TransCanada left. Not labour.

Why should we subsidize a manufacturing company that has been in debt continuously for a decade? Time and again our money goes to a failing business model.

If they were any good anymore, they wouldn't have to be so heavily subsidized.

I don't seeother oil companies begging for handouts despite them being infinitely less profitable now. They just get bought by bigger fish.

Bombardier needs o be bought out by Boeing or Lockheed.

Fuck off.

[Tik-Tok]

Still kicking myself for not buying stock when it was under $1.

[Gestalt]

Originally posted by R154
There is nothing left to build in Canada for keystone. Our part is built to the border.
There is only technical jobs from TransCanada left. Not labour.

Why should we subsidize a manufacturing company that has been in debt continuously for a decade? Time and again our money goes to a failing business model.

If they were any good anymore, they wouldn't have to be so heavily subsidized.

I don't seeother oil companies begging for handouts despite them being infinitely less profitable now. They just get bought by bigger fish.

Bombardier needs o be bought out by Boeing or Lockheed.

Fuck off.

Trump is building keystone for 35,000 jobs. Everyjob is important.

Im not a finance guy. Does this say what you say? Decade?

http://financials.morningstar.com/ratios/r.html?t=BBD.A

[R154]

What do American jobs have to do with Canadian jobs exactly?

And who is subsidizing keystone. Stay on point here. TransCanada has shouldered the entire cost all the way through.

The govt has been supporting Bombardier since 1966. http://www.theglobeandmail.com/repor...ticle27081111/

They have recieved 2.2b in that time and are requesting a further 5b to keep going.

Let them. Die.

As far as an Roi is concerned, when was the govt made whole again?

Any mention of repayment?

[HiTempguy1]

Originally posted by Gestalt

How much do we subsidize our other corporations and businesses.

This company isn't profitable because of incompetent management and an ownership structure that basically makes it a privately owned company with public ownership trappings.

It should be forced to declare bankruptcy and management completely replaced.

[ickyflex]

Originally posted by Gestalt
I like that we have such a diverse and quality manufacturer in Canada. Proud of it.

They've been profitable in the past, and expect to be again. They employ 60000 people long term.

We are building a pipeline across a continent for 35,000 temporary jobs. So dont give me the small potatoes speach. How much do we subsidize our other corporations and businesses.

If they need a few more years, Im good with that, and imagine that flying cars will be made in Canada. That's epic.

You must be on facebook lots, I find all the idiots hangout and post nonsense on there

[Gestalt]

Im not seeing r154s decade claim. Not even close.

Is this a french thing?

[Stuart]

Originally posted by Gestalt
Im not seeing r154s decade claim. Not even close.

Is this a french thing?

I'm not a fan of Huffington Post, but in 2014 they did a reasonable write up of the history of corporate welfare going to Bombardier for decades.
http://www.huffingtonpost.ca/mark-mi...b_4705751.html

[R154]

I never said the years were consecutive. With that said I should have said decade(s). I posted an article from globe and mail about it.

Bombardier is a shit company trying to sell shit products in a highly competitive environment that makes their product redundant and over priced.

[Gestalt]

continuously for a decade is your exact words, and does in fact mean consecutive.

The financials I posted above are accurate. You are wrong.

[R154]

I admit that. As far as I can tell the years of debt are not consecutive.

Doesn't take away from the fact that they are a horrendous company.

[rx7_turbo2]

What's Alain Bellemare's salary plus bonuses amount to? I mean the company's been so well run with him at the helm I'm sure it's warranted, right?

[Nitro5]

This should mean Quebec losses any ability to oppose Energy East. The rest of Canada needs to be able to prop them up. Tax from oil companies is needed.