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Qu3bec's Investment in Airbus A220 / CSeries Aircraft Has Gone From Over $1 Billion To Nothing
Quebec government decided to writeoff their $1.6 billion investment in the bombardier cseries now under majority control of airbus. (www.fliegerfaust.com) Más...Sort type: [Top] [Newest]
Bombardier created one of the best mid size aircraft currently available and being purchased by a growing number of international airlines. It's demise is largely due to the illegal tariffs imposed by a disfunctional American president to protect the equally disfunctional Boeing corporation from any real or perceived competition. Together, they effectively destroyed Canada's aerospace industry by shutting it out of the US market and scaring off other potential buyers. The self-serving incompetence of the Bombardier family also played a major role in destroying one of the biggest and most progressiver transportation companies in the world in just a few short years.
Over the years. Bombardier employed tens of thousands of highly skilled and highly paid workers around the world including Montreal, Toronto, North Bay, Kingston, etc. These workers spent most of their earnings in Canada contributing to its wealthy economy and enriching the municipal, provincial and federal tax bases. Political and corporate mishandling has cost us many of these jobs but thousands are still employed by the new owners, building aircraft, trains, subways around the world.
Our tax money was not wasted and has been repaid in many ways.
Our tax money was not wasted and has been repaid in many ways.
Now who could have possibly seen this coming?
https://www.theglobeandmail.com/news/politics/liberals-to-decide-on-financial-assistance-for-bombardier/article27030710/
https://www.theglobeandmail.com/news/politics/liberals-to-decide-on-financial-assistance-for-bombardier/article27030710/
No the government just wasted taxpayer money on something they should never have done in good or bad times. Dumb deal cost the taxpayer not the government get it right.
It always costs the taxpayers where do you think the money comes from, but it’s the corrupt trudeau liberals who authorized the bailout.
If we were to add up the total amount of Federal subsidy given to this company over the years, it would water the eyes of ever reader of this thread.