How many loans and bailouts does Bombardier need?

[davesmom]

As long as companies keep getting bailouts they will keep asking for more.
If government bails out a company shouldn't the Canadian people become shareholders?

 

[Cannuck]

Great WHITE North?

I don't care about race. Why do you?

 

[IdRatherBeSkiing]

Great WHITE North?

You are discriminating against yellow snow.

 

[taxslave]

... and Bombardier doesn't?

Lest we forget .. GM received $9.5 billion from our wallets and Bombardier is about to receive $372.5 million. That means that General Motors received a bailout worth 25.5 times what is being offered to Bombardier.

All of those Canadian jobs that were saved by the GM bailout? There were 10,000 GM workers in Canada, at the time and 27,000 Bombardier jobs now.

So, per job, Bombardier is receiveing 1/69th of what Genera Motors received but I guess that those GM jobs were better because ... why? ... it's an American corporation?

What feckin' hypocracy! Put your thinking cap on before you post dreck like that.



Bombardier is all over the place. There are plenty of workers in Thunder Bay at a Bombardier operation in Thunder Bay that is currently cash starved and barely able operate, at all. The C300 aircraft appear to have soaked up most of the loose change in the organisation.

BTW, when I was a lad, my father worked at a head office in Montreal. At the time, Canadian Pacific, Canadian National, Air Canada ... the first two being the largest corporations in Canada, at the time, were all headquartered in Montreal. The last two still are. Therefore, because they are "Quebec" companies, they are somehow lesser entities and the workers there are somehow inferior beings to you and deserving your distain?

I wish that so actual Canadians would log into the debate, not all of these Western victims who are hurtin' because they don't build airliners and rail cars in Cow Platte, Alberta.

That is $372 million this round. Over the last 50 years how many other loans. grants, bailouts and other general waste of tax dollars have they got?

Bombardier is Canada's largest manufacturing company that is not foreign owned. We might not like that fact, but we are stuck with it. No government is going to want to let the company fail, and as a result Bombardier will continue to receive loans and subsidies to keep it competitive. However, just to keep this latest payout in perspective please note that oil companies receive about $3 billion a year in subsidies and no one seems to comment on that fact.

https://www.theguardian.com/world/2...e-canada-fossil-fuel-subsidies-carbon-trudeau

Canadian oil companies are nor subsidized. You would know this if it were not for your strict adherence to leftard dogma and scandal sheets that you pass off as news sources.

 

[spilledthebeer]

Right on there! Bombardier has those nice solid contracts to supply street cars to TTC....if they need money then why not BUILD and deliver the damned cars and get paid????? Instead of screwing around and letting Toronto silly hall dorks get a lawsuit going? But then we have proof that Quebec is corruption capitol of Canada!

Thats true but at that the same time i never see anything positive about the company. They also get reported in the news for being sued by other entities for not fullfilling contracts.

 

[Johnnny]

Brazil files WTO complaint against Canada following aid for Bombardier | CTV News

Last Updated Wednesday, February 8, 2017 10:25AM EST
MONTREAL -- Brazil has launched a formal complaint to the World Trade Organization over Canadian subsidies to the aerospace sector, hours after the federal government announced $372.5-million in interest-free loans to Bombardier.
The South American government says in a news release that it has requested consultations with Canada under the WTO dispute settlement system.
Brazil says Canadian federal, provincial and local subsidies "artificially affect the international competitiveness of the sector" in a way that is inconsistent with Canada's WTO obligations.

It says the timing and location of talks should be agreed upon by the two countries in the coming weeks.
Bombardier rival Embraer says it supports Brazil's move to challenge what it says is US$4 billion in support from various levels of government, including US$2.5 billion last year alone.
Company CEO Paulo Cesar Silva says the subsidies have helped the development and survival of the CSeries passenger jet program and allowed Bombardier to sell the plane at artificially low prices.
Last year, Bombardier (TSX:BBD.B) received a US$1-billion investment for the CSeries from the Quebec government in exchange for a 49.5-per-cent stake. The company also sold a 30 per cent stake in its railway division to pension fund manager Caisse de depot for US$1.5 billion.
Canadian International Trade Minister Francois-Philippe Champagne said Tuesday that the government is prepared to defend financial support like the one awarded Tuesday, saying all countries, including Brazil, help their aerospace sectors.

 

[lone wolf]

Diversity isn't always a good thing - especially when you know very little of specific product

 

[Remington1]

Rob Dewar, VP Bombardier, last year:
“We have secured all the funding required to ramp up the CSeries program and also for the rest of aerospace. Really, the federal funding would just be an extra endorsement for the program. … That’s really just an extra bonus that would be helpful but is very clearly not required.”

Do they need it or not? Is it a bonus, and for who and for what? to cover Christmas bonuses?

 

[Machjo]

Rob Dewar, VP Bombardier, last year:
“We have secured all the funding required to ramp up the CSeries program and also for the rest of aerospace. Really, the federal funding would just be an extra endorsement for the program. … That’s really just an extra bonus that would be helpful but is very clearly not required.”

Do they need it or not? Is it a bonus, and for who and for what? to cover Christmas bonuses?

And where's my CSeries?

 

[taxslave]

Rob Dewar, VP Bombardier, last year:
“We have secured all the funding required to ramp up the CSeries program and also for the rest of aerospace. Really, the federal funding would just be an extra endorsement for the program. … That’s really just an extra bonus that would be helpful but is very clearly not required.”

Do they need it or not? Is it a bonus, and for who and for what? to cover Christmas bonuses?

Mostly to buy votes in Quebec. How about funding for Viking Aviation?

 

[Machjo]

Mostly to buy votes in Quebec. How about funding for Viking Aviation?

What about my damn groceries? Why not subsidize my local grocer if the government is so intent on subsidizing a business. Besides, food is far more useful than high-end machines.

 

[taxslave]

Oh right BC company and they make money building planes that are in demand.

 

[Machjo]

Maybe we should offer a Bombardier as a gift to Trump.

Oh right BC company and they make money building planes that are in demand.

I don't like the government bailing out Bombardier because it's not an essential business like food for example, plus I don't buy their stuff. Why would I now support subsidizing some BC business? Is it a kind of NIMBYism where we want subsidies, but only for our own province?

 

[taxslave]

What about my damn groceries? Why not subsidize my local grocer if the government is so intent on subsidizing a business. Besides, food is far more useful than high-end machines.

Think of it as a government diet plan. Everyone in Ontario is too fat anyway living off the working provinces.

 

[Machjo]

Think of it as a government diet plan. Everyone in Ontario is too fat anyway living off the working provinces.

I reside in Quebec and oppose subsidies to any business. However, if we insist on subsidizing a business, then let's subsidize food, clothing, housing, etc. and not high-end luxury items.

 

[taxslave]

Maybe we should offer a Bombardier as a gift to Trump.



I don't like the government bailing out Bombardier because it's not an essential business like food for example, plus I don't buy their stuff. Why would I now support subsidizing some BC business? Is it a kind of NIMBYism where we want subsidies, but only for our own province?

Fairness. If trudOWE is going to give tax $$$$ to a company in Quebec that claims it really doesn't need the money then it is only right that a company in BC gets free money too. They at least are building planes that have no real competition worldwide.

 

[Machjo]

Fairness. If trudOWE is going to give tax $$$$ to a company in Quebec that claims it really doesn't need the money then it is only right that a company in BC gets free money too. They at least are building planes that have no real competition worldwide.

good point. In that case, to be really fair, why not subsidize each Canadian as much. give us each an equal Christmas bonus.

 

[taxslave]

good point. In that case, to be really fair, why not subsidize each Canadian as much. give us each an equal Christmas bonus.

How about just tax us all the same? Why should I pay more income tax than my neighbour just because I put in lots of OT and he never does?

 

[JLM]

Whatever is needed to make Canada great again is fine by me

Maybe put you on the next flight to Mars!

 

[Cannuck]

Maybe put you on the next flight to Mars!

Being the first country to put a man on Mars would be a great step in making us great. Congratulations JLM...You finally said something that wasn't completely idiotic. Let me go mark my calendar....