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Bombardier Exits Commercial Aviation

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Bombardier Exits Commercial Aviation. Bombardier’s strategic exit from commercial aviation leaves Airbus and the Government of Québec as sole owners of the A220 narrow-body program. Airbus will retain 75% ownership while the Government of Québec retains the remaining 25% stake. (news.flightag.com) Ещё...

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amentor
a mentor 3
this is an effort to shed heavy debt

rapidwolve
rapidwolve 4
Saw this move coming, from Bombardier, a mile away.They sold their transportation division to Alstrom just days ago.
kevinkeswick
Kevin Keswick 1
This just finalizes what effectively happened long ago when Bombardier sold 51% of the CSeries to Airbus and sold off the Q Series and CRJ. It look like Bombardier plans to stay in the biz jet business (for now) which is good news if true. It was rumored they would sell the biz jet division to Textron. Also no mention of selling rail to Alstom. Hopefully with selling their remaining interest in CSeries to Airbus they can stave off selling the remaining parts.
jmilleratp
John Miller 1
Seems odd since the CRJ's are variations on the Challengers. Business wise, I don't know, but otherwise, you would think you would keep them together.
mpberti
miles berti 1
Mitsubishi is buying the crj program
linbb
linbb -6
So the taxpayer is still on the hook oh well nothing new up there or in the EU plane building world.
michaelkevin
michael rowley 2
It's par for the course in the aviation business billions of dollars of federal money (tax) goes into these companies one way or another
Quirkyfrog
Robert Cowling 1
If you live in America, you really have no idea what an idiotic statement you just made.

Corporations OWN Congress, and YOU are paying their share of their taxes. Hah!!!
andyc852
Andy Cruickshank 0
He is a deranged racist old fart. Pay no attention to him
Quirkyfrog
Robert Cowling -3
I hate their seats. They are the hardest, most uncomfortable seats EVER!

:-D
ffrcobra1
ffrcobra1 6
The airlines can dictate what interior components are installed. Bad seats are undoubtedly cheaper than comfortable seats.
wopri
Wolfgang Prigge 4
My only experience on the A220 was with Swiss, and I can’t complain about the comfort in general and the seats in particular.
ThePumpkin
ThePumpkin -3
Corporate Welfare Company THATS been milking the public through government subsidies basically, since it’s beginning. I’ll stand up and cheer the day this organization fails....as they deservedly should.
rapidwolve
rapidwolve 4
"milking the public through government subsidies basically, since it’s beginning".I call BS on that comment..perhaps you should do a bit of research before making such a broad statement. Back when they bought the taxpayer sucking entity known as Canadair, from the government, they actually gave the government almost $2B. (the bought the comopany for $120M 20M in cash and $100M in Bombardier stock, which was worth 44 cents back then. It later got sold when the stock was north of $9 a share)
Shall I continue with a history lesson on when Bombardier actually got prov. govt assistance, which it was actually helping off load a burden on the Quebec government?
jmilleratp
John Miller 2
No matter what country it is, companies are always going to be looking for subsidies.
IMissPiedmont
Steve Cravener 1
Followed shortly by another subsidy supported company named Boeing.
thhobbs
the hobbs 2
Except the fact that Airbus has been propped up by government subsidies since its inception.

https://ustr.gov/about-us/policy-offices/press-office/press-releases/2019/october/us-wins-75-billion-award-airbus
rapidwolve
rapidwolve 3
This is not a peeing contest..Boeing has also won out by getting certain subsidies.
brentaustinlee
Brent Lee 0
So, the Canadian govt owns 25%; however, they control tax consequences, etc. Guess who controls Bombardier?
ADXbear
ADXbear -1
wopri
Wolfgang Prigge 0
Ski doos are made by an entirely different company called Bombardier Recreational Products, BRP in short. This outfit belongs to the original Bombardier/Beaudoin family, and this is what they say about themselves:

We create innovative ways to move – on snow, on water, on asphalt or dirt – even in the air.

Headquartered in the Canadian town of Valcourt, Quebec, BRP has been reimagining the way you access your world since 2003 and beyond. Building on a tradition of ingenuity and intense customer focus that go all the way back to 1937, we operate manufacturing facilities in Canada, the United States, Mexico, Finland, and Austria. We have a total workforce of more than 13,000 driven, resourceful people.

Our portfolio of industry-leading and distinctive products comprises Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am on- and off-road vehicles, Alumacraft, Manitou, Quintrex, Stacer and Savage boats, Evinrude and Rotax marine propulsion systems as well as Rotax engines for karts, motorcycles and recreational aircraft. We support our product lines with a dedicated parts, accessories and clothing business, to fully enhance your riding experience.

Because it’s not about the destination. It’s about the journey. Yours.
rapidwolve
rapidwolve 3
Actually the outfit is majority owned by Bain Capitol, and is the whole reason it hasn't tanked.
The Bombardier/Beaudoin family have controlling interest in Bombardier proper and the whole reason it's going sideways. I'm willing to bet if Germaine wasn't driven out by his greedy family, it would not be going sideways.

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