‘The dismantling of Bombardier’: Company abandons commercial aerospace, eyes focus on private jets as sale of train unit said to loom

Bombardier Inc. officially abandoned its multi-billion dollar dream to compete in commercial aerospace and is reportedly nearing a deal to sell off its troubled rail division, meaning the business jet division could soon be all that’s left of the storied Quebec plane and train manufacturer that’s shedding assets to pay off debt.

“I’m actually very confused about what the strategy of the company is,” Goldman Sachs analyst Noah Poponak said during the company’s conference call with analysts after it announced its quarterly results. “It’s starting to look like an asset liquidation more than a turnaround. Has this always been the plan?”

“We have options. We are going to continue looking at our options to see if there’s ways we can accelerate the deleveraging phase of the turnaround,” he said. Our future in aerospace is with our industry-leading business jet franchise and we see tremendous opportunities BMO Capital Markets analyst Fadi Chamoun questioned whether the business aircraft division “can survive longer-term as a standalone” given the cyclical nature of the business.

While the business jet division is a popular brand with the global elite, the Canadian public has been more consumed with A220 news given the government loans that floated the program.

https://youtu.be/4lNSLxTBs6g https://youtu.be/0NfF5KluGPQ https://youtu.be/H59WjbUoDNQ https://youtu.be/tjfGR9o_cXE https://youtu.be/p_QjqT8QPao https://youtu.be/ClwXewCiSG0 https://youtu.be/6wpfx-u8eUg https://youtu.be/tXxr1XsSZeg https://youtu.be/auoN5MhIMy0 https://youtu.be/vfjMOLOQQn4 https://youtu.be/vIpGD5Y1rEA

Where is our money that’s what Canadians should be asking Quebec gave 1 billion dollars and the liberal_party gave 372.5 millions.

Trudeau will anxiously drop millions in to this company once again to appease the province and be a hero.

Excellent strategy. Now they can get special Federal Grants for doing absolutely nothing, just being centred in the 'supremacist' society of Quebec. New slogan' We make Money out of Nothing'. Deadlines? Who needs those?

Should have hung on to the snowmobile business and turfed the management.

Wonder how much more taxpayer $$ they'll be getting.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bombardier to report earnings as future of the company hangs in the balanceBombardier Inc. is set to report earnings today as rumours continue to swirl around the potential sale of one of its two main divisions. Do they count taxpayer bailouts as earnings? Do Not Believe BNN Or Bombardier BNN Is The Biggest Lier With Crooks And Managers Of Greedy For More Tax Dollars . Goes For POT GROWERS OF CANADA . JUST BIG RIP OFF ARTITIS OF ALL TIMES . FAKES FAKES $$$ earnings? ha ha
Source: CTVNews - 🏆 1. / 99 Read more »

Some cannabis companies are mere months away from running out of cashLiquidity a more pressing concern for Canadian cannabis companies than for their U.S. counterparts, report says Turdeau will be the first drug dealer to figure out a way not to make money off of legalizing pot. Massive flow of tax dollars coming. Hey if it weren't horribly overpriced and generally of poor quality, you might've had a shot at success with this! Still can't beat the BC buds in quality or price. That's never gonna change as long as the govt has a hand in the production here in Ontario.
Source: nationalpost - 🏆 10. / 80 Read more »