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Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BDRAF | BOMBF | BDRBF | T.BBD.B | T.BBD.P.B | T.BBD.P.C | T.BBD.P.D | BDRPF | BDRXF

Bombardier Inc. is focused on designing, manufacturing, and servicing business jets. The Company has a fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. The Company designs, develops, manufactures and markets two families of business jets (Challenger and Global), spanning from the mid-size to large categories. The Company also provides aftermarket support for both of these aircraft, as well as for the Learjet family of aircraft. The Company's robust customer support network services the Learjet, Challenger, and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, The United Arab Emirates, Singapore, China and Australia. Its jets include Challenger 300, Challenger 350, Challenger 3500, Global 5000, Global 5500, Global 6000.


TSX:BBD.A - Post by User

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Post by Pinotblancon Aug 13, 2018 2:00pm
61 Views
Post# 28451102

Will la CAQ support Bombardier

Will la CAQ support BombardierI did not wait long enough and the post did not make it.  Here a quick response, I will not elaborate as I did about the emptiness of it in the post that did not make it. Do not ask stupid question easily answered on the NET in 30 seconds. 
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Bing translation

Interviewed on Tuesday by journalists on the integration of the C Series in the A200 class of Airbus, the leader of the Coalition Avenir Qubec (Acq), Franois Legault, also felt that this transfer was necessary for the survival of the program.
 
However, he was of the view that the Liberals should have played their cards better in this transaction in order to protect the 1.3 billion investment of public funds they had injected into Bombardier.
 
I think we had no choice but to transfer [the C Series] to Airbus. [I am] glad to see that there will be some Quebecers in the Airbus 220, he said. But what hurts me, where I find that there has been a big mistake of the Liberal government, is to lose a large part of the 1.3 billion of dollars when we could have protected him by asking for guarantees. »
 
For Professor Karl Moore of the Faculty of Management of the altars at McGill University, the new name of the C Series is a clear signal that the aircraft is not an orphan and is supported by a strong-kidney partner.
 
During a telephone interview, he felt that the entire airline industry is now aware that the program has several years ahead of him.
 
"Otherwise, there would have been a lot more dark clouds in the sky if Bombardier had not had a partner," Moore said.

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If it forms the next government, the Coalition Avenir Qubec (ACQ) is committed to reopening the contract given by the Caisse de dpt et placement du Qubec to Alstom for the construction of the Metropolitan Express Network (REM). The head of the Acq, Franois Legault, made this statement as part of a visit to the Bombardier factory in La Pocatire on Thursday.
 
Franois Legault wishes to renegotiate with the Caisse de dpt and the Alstom Transport Canada and SNC-Lavalin Consortium for a part of the REM contract to be executed at La Pocatire.
 
In February, these two companies won the call for bids to design the Montreal REM, a project valued at over 6 billion million.
 
The leader of the Coalition Avenir Qubec (Acq), Franois Legault, at the Bombardier factory in La Pocatire
The leader of the Coalition Avenir Qubec (Acq), Franois Legault, is visiting the Pocatire to meet the workers of the Bombardier factory. Photo: Radio-Canada/Simon Turcotte
The head of the ACQ considers that the Liberal government should have demanded a minimum of 25% of Quebec content in the tender. He also undertakes to demand it in the negotiation of all future contracts, such as the new cars of the Montreal subway.
 
This requirement, qualified by some economic nationalism, does not pose a problem for the party leader, Franois Legault, since other countries are also using it.
 
Why do all countries do it except us? I look in the United States, 65%, in Ontario 25%, in China, in practice, 100% [...] There we are the only turkeys in the farce right now.
 
Franois Legault, head of the Acq
Franois Legault also states that the Caisse de dpt does not respect its mandate to support the Quebec economy, which was defined, he said, at the time of its creation.
 
Quebec's Caisse de dpt et placement invests only 21% of its assets in Quebec. I do not agree that it invests 100%. But between 21% and 100%, there is surely a way to help more Quebec companies, says Franois Legault.
 
However, he said that the problem was more in the decisions of the Liberal government. "If we had put it in our tender, that there must be Quebec content, Alstom would have no choice to come and manufacture in Quebec."
 
Franois Legault's speech was enthusiastically greeted by the mayor of La Pocatire, Sylvain Hudon, the prefect of the Kamouraska RCM, Yvon Soucy, and the president of the Workers ' Union, Mario Guignard.
 
This proposal does not seem to them to be unrealistic, since Bombardier had to share with Alstom the contract for the AZUR cars of the Montreal Metro.
 
The granting of the REM contract to Alstom could endanger 300 jobs in La Pocatire. The prefect of the Kamouraska MRC is concerned.
 
"The time is considered to be serious. Currently, if nothing is done, it is 300 jobs that will disappear directly in the Bombardier factory in La Pocatire, says Yvon Soucy.
 
The mayor of La Pocatire wonders about the intentions of the Prime Minister of Quebec. Philippe Couillard suggests that other projects would be proposed for Bombardier employees, but without further details.


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