Trudeau's new government to face early pressure on Bombardier bailout decision

Political | 206793 hits | Nov 03 6:43 am | Posted by: andyt

Shortly after Justin Trudeau takes power, he will face an early, major test on whether to bail out Bombardier.

Comments

by andyt
Tue Nov 03, 2015 2:49 pm
Aaaaand they're off. Lay your bets.
by Lemmy
Tue Nov 03, 2015 4:23 pm
Bombardier is behind on its delivery of street cars to the TTC. Why? Because they can't get the Mexicans at their factory down there to make proper welds so the damn things won't stay together. As a result, the TTC is moving forward with a lawsuit against Bombardier for breach of contract. So we're going to bail out a company that's facing failure-to-deliver penalties and a lawsuit because they're inept? The feds are going to give this company money to turn around and pay fines to a different government? Really?

Would you get on a Bombardier plane? Not me.
by BartSimpson
Tue Nov 03, 2015 4:25 pm
Hate to say but if Bombardier goes under then Canada won't have an aircraft industry at all. Your engineers will all have to move to the US to find work.
by andyt
Tue Nov 03, 2015 4:28 pm
Bombardier's strange chokehold on the public purse

http://www.cbc.ca/news/business/bombard ... -1.3300764

Michael Moffatt, an economist at the University of Western Ontario's Ivey School of Business, says there is absolutely such a thing as too big to fail, and Bombardier qualifies, and that's that.

But at least, he says, we should call these "investments" what they actually are: "old-fashioned, Seventies-style, direct job creation."

For everybody else, well, good luck.
by xerxes
Tue Nov 03, 2015 4:49 pm
I was on a bombardier CRJ7 back in May. I liked it. For a small short vault airliner it was quite roomy even for my 6'3" frame.
by fifeboy
Tue Nov 03, 2015 5:10 pm
"Lemmy" said
Bombardier is behind on its delivery of street cars to the TTC. Why? Because they can't get the Mexicans at their factory down there to make proper welds so the damn things won't stay together. As a result, the TTC is moving forward with a lawsuit against Bombardier for breach of contract. So we're going to bail out a company that's facing failure-to-deliver penalties and a lawsuit because they're inept? The feds are going to give this company money to turn around and pay fines to a different government? Really?

Would you get on a Bombardier plane? Not me.

Didn't they used to make them in TBay? My landlord, when I lived there , worked for Canada Car. Bettcha he could weld!
by Lemmy
Tue Nov 03, 2015 5:19 pm
"fifeboy" said
Didn't they used to make them in TBay? My landlord, when I lived there , worked for Canada Car. Bettcha he could weld!

That's half the problem, shipping the stuff back and forth. Components come to TBay, they're not up to snuff, so they get shipped back to Mexico.

Maybe they don't teach welding in Mexican highschools.

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