Bombardier Inc. T.BBD.A

Covid cost BA 2 billion

[stockitnow]

Both BA and BT combined lost $2b loss either due to aircraft and trains not getting delivered, and lower BT value during sale due to less cash generation. From ainonline.com "This was less than the $4 billion anticipated last fall, leaving the remaining business aviation manufacturing and services-oriented company with $4.7 billion in debt. Bombardier had originally targeted a remaining $2.5 billion debt-load following the sale, but last fallhad upped that estimateto $4.5 billion after the pandemic had taken a toll on the companys business activities". https://www.ainonline.com/aviation-news/business-aviation/2021-01-29/bombardier-now-pure-play-business-aviation-company

[Shamhorish]

STOCK, THANK YOU  i like last phrase n the article and i hope Martel will take WITH MORE CLARITY and tell the market how he plan to deal with the debt "Addressing the anticipated remaining debt late last year, Martel said that the company was planning to take aggressive steps, with details forthcoming following the sale of the transportation unit" then investors will have more

[flamingogold]

While true it is an incomplete picture on the effects of covid and skewed to the negative by the media as usual. Recall BBD exited the A220 partnership last Feb just days before Covid hit. Imagine still holding a piece of commercial aviation now? BBD would not have made it to the end of 2020 without declaring bk.

[mnztr]

I would agree that exiting A220 when they did is one of the few lucky breaks BBD has had in quite a while.Selling the Q400 was also a HUGE lucky break.With the demise of FLYBE there are hundreds of Q400s sitting in storage. The Feds have discussed a huge aerospace aid package and I cannot see BBD being excluded from this. I would imagine something to do with Fed loan gurantees that will reduce BBD

[flamingogold]

I think the aerospace package will come either when Finance Minister Chrystia Freeland delivers a real budget (not just a fiscal update) perhaps later this year or when the Libs call an election that they know will give them a majority. That will not come until covid is under control, cases/deaths are dropping and the vax rollout is running smoothly. That's when the Libs will promise the

[bigal103]

I might be wrong but I believe the stimulus would touch Air Canada, Transat, etc. I would be surprised if the Bomber gets a dime if there is one!

[flamingogold]

Anything is possible in an election to win votes, but I also own Chorus so regardless it's a win for me.

[johnney]

For sure that  alost of $2B on BA and BT combined in 2020, because of covid, didn't help, and if they had an estimated remaining debt of $2.5B, and has around $4.5B instead now, well it sure changes the picture of the company for now, cause that loss will not be applied to the debt!