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Bombardier Exits Commercial Aviation
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) Más...Sort type: [Top] [Newest]
So, the Canadian govt owns 25%; however, they control tax consequences, etc. Guess who controls Bombardier?
Mitsubishi is buying the crj program
There is always ski doos..
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.
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.
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.
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.
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.
No matter what country it is, companies are always going to be looking for subsidies.
"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?
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?