RE:Quebec already invested $1.3B in late 2015 in them for 49.5%GapDown wrote:
In the CSeries program . At the time Bombardier indicated that they would need an extra $2B and that the CSeries program wouldn't become profitable until 2020/2021 at the earliest .
Then you had Quebec's pension fund(Caisse de depot & CDPQ) putting in $1.5B for a stake in their rail business in late 2015 too for 30% of it in a new holding company BT Holdco.
So $1.3B from Quebec government & $1.5B from the other two , that's $2.8B . Now they're asking for another Billion ? And the Feds are the bad guys for saying take a back seat and bring change if you want our bailout ???
I say the Fed should say show me a CSeries order then we'll talk . No contract , no money and look elsewhere . But , Bombardier is a major tax contributor . Touchy situation .
Agreed a thousand percent. Plus the "loans" that were previously given. That mysteriously any freedom of information requests are mysteriously offed because of "Business Competition". Go figure.