No Bailout for Bombardier

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Gino Under
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Re: No Bailout for Bombardier

Post by Gino Under »

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To download the report, click here ➡️ https://bit.ly/2Pd6lZg
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Gino Under
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Re: No Bailout for Bombardier

Post by Gino Under »

“On Tuesday Boeing called for a $60 billion lifeline for the struggling U.S. aerospace industry.”
That’s dollars, not dollarettes.
Interesting the American tax payers aren’t having sh*t fits over Boeing’s call for a government bail out for their aerospace industry.
What do they know that we don’t?
Judging by many of the posts above, Canadian tax payers don’t seem to understand the impact Bombardier’s failure would have on our very inter-dependant aerospace industry.
The reality facing Bombardier at the moment is bankruptcy, for sure. The greater issue at the moment is the market value under the influence of panic more than its true value. We’ll see.

Gino Under
(BBD-B $0.45 CAD at the close today)
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telex
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Re: No Bailout for Bombardier

Post by telex »

Gino Under wrote: Wed Mar 18, 2020 2:43 pm “On Tuesday Boeing called for a $60 billion lifeline for the struggling U.S. aerospace industry.”
That’s dollars, not dollarettes.
Interesting the American tax payers aren’t having sh*t fits over Boeing’s call for a government bail out for their aerospace industry.
What do they know that we don’t?
Judging by many of the posts above, Canadian tax payers don’t seem to understand the impact Bombardier’s failure would have on our very inter-dependant aerospace industry.
The reality facing Bombardier at the moment is bankruptcy, for sure. The greater issue at the moment is the market value under the influence of panic more than its true value. We’ll see.

Gino Under
(BBD-B $0.45 CAD at the close today)
I think they know that your comparison of Boeing collapsing vs Bombardier collapsing is asinine.
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Gino Under
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Re: No Bailout for Bombardier

Post by Gino Under »

It’s about “the aerospace industry” in Canada, not Bombardier or Boeing asking for a handout.
It read “On Tuesday Boeing called for a $60 billion lifeline for the struggling U.S. aerospace industry.”
Bombardier is unlikely to receive much more in tax payer funding, if any. The Canadian Aerospace industry will need tax payer funding if Bombardier tanks (and it’s not looking good for BBD right now).
Try to unlock your bias toward Bombardier’s failure by increasing your situational awareness and try to understand how much of the Canadian aerospace industry this company is tied to.
Asinine? Not so much when you pour some thought into it and actually do some research.

Gino Under
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rookiepilot
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Re: No Bailout for Bombardier

Post by rookiepilot »

Gino Under wrote: Thu Mar 19, 2020 7:38 am It’s about “the aerospace industry” in Canada, not Bombardier or Boeing asking for a handout.
It read “On Tuesday Boeing called for a $60 billion lifeline for the struggling U.S. aerospace industry.”
Bombardier is unlikely to receive much more in tax payer funding, if any. The Canadian Aerospace industry will need tax payer funding if Bombardier tanks (and it’s not looking good for BBD right now).
Try to unlock your bias toward Bombardier’s failure by increasing your situational awareness and try to understand how much of the Canadian aerospace industry this company is tied to.
Asinine? Not so much when you pour some thought into it and actually do some research.

Gino Under
So you're comparing a bailout of a company or industry during a genuine worldwide crisis --- and I'd still only support such a bailout with heavy pre-conditions, which are being discussed in the US for BA and the airlines -- to a purely political series of bailouts to a corrupted, family controlled company run by an incredibly incompetent management team?
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montado
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Re: No Bailout for Bombardier

Post by montado »

Things are getting interesting. So just to confirm, most of you here are against bailouts? Bede? You said bailouts are never for economic reasons, only political ones... photofly you said let them fail and make everyone available to work at other places. So please confirm we are all still against bailing out private companies. I mean it’s really not fair to be pro capitalism and then think trump should also hand out money to airlines like a socialist.

Also it’s quite interesting if you think a bailout for the company you work at is warranted, but when it’s someone else’s jobs in the line you don’t give a shit.
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Last edited by montado on Thu Mar 19, 2020 10:58 am, edited 1 time in total.
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telex
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Re: No Bailout for Bombardier

Post by telex »

If you could only save one which would it be?
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montado
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Re: No Bailout for Bombardier

Post by montado »

telex wrote: Thu Mar 19, 2020 10:57 am If you could only save one which would it be?
Well if I was selfish I would choose the company I work and try to salvage my career.

However I maintain that the government has to use its judgment the same way I had my opinion on bombardier. Sometimes it makes economic sense to bail out a company.

The problem right now is it’s to early. We could hand out billions and there is no guarantee that the money will be put to good use. We need people to need to move, need to fly before we ramp up flying. First and foremost the government needs to focus on the virus and health of the people. The airlines here can buy some time for now and make some adjustments, burn some cash. We will have to work on “step 2” when we get there.
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Last edited by montado on Thu Mar 19, 2020 11:09 am, edited 1 time in total.
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telex
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Re: No Bailout for Bombardier

Post by telex »

Billions have been handed out. BBD is still broke. So no guarantees the money will be put to good use is accurate.
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rookiepilot
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Re: No Bailout for Bombardier

Post by rookiepilot »

BBD is one of the crappiest run companies I've ever seen. In any industry.

It's truly sad what the buffoons have done to a great Canadian company. Sad for the great engineers and other staff that I believe are great and made the company what it is. Or was.
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Gino Under
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Re: No Bailout for Bombardier

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It’s not just about Bombardier
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Zaibatsu
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Re: No Bailout for Bombardier

Post by Zaibatsu »

No it’s only Bombardier.

Boeing mismanagement doesn’t count.

Conservative debt doesn’t count.
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rookiepilot
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Re: No Bailout for Bombardier

Post by rookiepilot »

So the Quebec government has always had billions for bombardier, but just said FU to small businesses.

One REALLY wonders about the money changing hands in Quebec
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