Falken Posted February 13, 2020 Share Posted February 13, 2020 Maybe, hopefully not, still talking to Alstom re: train division as reported by BNN this AM. Link to comment Share on other sites More sharing options...
boestar Posted February 13, 2020 Share Posted February 13, 2020 just read that Alstom deal should be finalized today Link to comment Share on other sites More sharing options...
Guest Posted February 17, 2020 Share Posted February 17, 2020 TAXPAYERS FEDERATION REACTS TO BOMBARDIER SALE OF COMMERCIAL AIRCRAFT DIVISION 0 45 OTTAWA, ON: Canadian Taxpayers Federation Federal Director Aaron Wudrick released the following statement in response to today’s announcement that Bombardier has sold its remaining stake in the A220 partnership with Airbus: “It’s good to see Bombardier making tough decisions to move forward and the best part is that Canadian jobs are being safeguarded without another huge bailout from taxpayers. “For more than half a century Canadian governments have been subsidizing Bombardier to the tune of billions of dollars. At most, it’s only delayed the inevitability of tough decisions like the one today. “We are pleased to see that at long last, governments are recognizing that this approach is wasteful and unfair to taxpayers. By allowing Bombardier to sell off unprofitable assets, the company is finally being treated like any normal businesses in the marketplace. “For too long, the justification for every taxpayer bailout has been the protection of jobs. It is notable that part of today’s announcement does not mention any job losses, instead confirming that employees connected to the A220 and A330 projects will be transferred to Airbus. “We encourage the federal government to ensure the company repays all outstanding loans to Canadian taxpayers, and wish Bombardier all the best as it reinvents itself as a viable, profitable private enterprise.” Link to comment Share on other sites More sharing options...
Guest Posted February 17, 2020 Share Posted February 17, 2020 My question is what happens to the $$$$$$ loans that Bombardier is / was to pay back Bombardier reaches deal to sell rail division to Alstom BY CINDY WHITE WITH FILES FROM THE CANADIAN PRESS Posted Feb 17, 2020 7:53 am MST Last Updated Feb 17, 2020 at 10:53 am MST Courtesy: Bombardier.com MONTREAL — Bombardier Inc. says it has reached a deal to sell its transportation unit to France’s Alstom SA. The deal has an enterprise value of US$8.2 billion. The deal marks a major shift in Bombardier’s turnaround plan as the plane-and-train maker would cast off its problem-plagued largest division and commit itself solely to business jets, in part to help pay down more than US$9 billion in debt. It recently sold off its interest in the Airbus A220. Airbus and the Government of Québec become sole owners of the A220 Programme as Bombardier completes its strategic exit from Commercial Aviation. The whole story here --> http://bit.ly/39Aimjw The purchase is also seen as an effort by Alstom to take on rising competition from China’s state-owned CRRC, the world’s largest train maker. The deal is expected to come under intense scrutiny from antitrust regulators in the European Union. Last year, EU authorities blocked a proposed merger between Alstom and the train division of German industrial conglomerate Siemens AG, arguing the proposed tie-up would result in higher price tags on signalling systems and bullet trains. Montreal-based Bombardier has sold several divisions since CEO Alain Bellemare took the helm in 2015, including its turboprop and aerostructure segments as well as its commercial airline unit, once touted as the company’s crown jewel. Link to comment Share on other sites More sharing options...
Falken Posted February 18, 2020 Author Share Posted February 18, 2020 I can see the bonus cheques being handed out already! This used to be a + $30.00 a share stock! Pink slips should be the only thing handed out IMO! Link to comment Share on other sites More sharing options...
boestar Posted February 18, 2020 Share Posted February 18, 2020 When I was employed there the Stock split TWICE at just over $30. Now its peanuts. This could have been a great company for years to come if it wasn't for horrible management. Link to comment Share on other sites More sharing options...
Falken Posted February 18, 2020 Author Share Posted February 18, 2020 Wait until you hear the ceo's latest uplifting speech! Link to comment Share on other sites More sharing options...
Guest Posted May 7, 2020 Share Posted May 7, 2020 Mitsubishi Heavy Industries Ltd. and Bombardier Inc. have agreed on a June 1, 2020 closing date for the transaction pertaining to the acquisition of Canadair Regional Jet Program 6 May 2020Canadian Aviation News From Mitsubishi Heavy Industries, Ltd — Program to be operated under new name of MHI RJ Aviation Group upon 1, June, 2020 — TOKYO, May 7, 2020 /CNW Telbec/ – Mitsubishi Heavy Industries, Ltd. (MHI) (TOKYO: 7011) and Bombardier Inc. (Bombardier) (TSX: BBD.B) of Canada have agreed that all closing conditions have been met and the transaction pertaining to the acquisition of Canadair Regional Jet (CRJ) Program will close on June 1, 2020. The Program will be operated under the newly created group entities of MHI RJ Aviation Group (MHIRJ) and will commence upon closing. As part of the acquisition, MHI acquires the maintenance, support, refurbishment, marketing, and sales activities for the CRJ Series aircraft, along with the type certificates. This includes the CRJ related services and support network mainly located in Mirabel, Québec, and Toronto, Ontario in Canada, Bridgeport, West Virginia, and Tucson, Arizona in the United States. CRJ Spare parts will continue to be distributed from depots in Chicago, Illinois and Frankfurt, Germany. Complementary to MHI’s existing commercial aircraft business, MHIRJ will provide a holistic servicing and support solution for the global aircraft industry including the CRJ Series aircraft, and eventually, for the Mitsubishi SpaceJet family of next-generation regional jets. Key integration milestone updates will be provided on an ongoing basis. Share this: Link to comment Share on other sites More sharing options...
Fido Posted May 7, 2020 Share Posted May 7, 2020 Yah but Bombardier still make LRT cars so we will be suffering for awhile longer. Link to comment Share on other sites More sharing options...
boestar Posted May 8, 2020 Share Posted May 8, 2020 They also still Make Business Jets. So ther eis that as well. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.