RE:RE:RE:RE:RE:TD First look145, amid the doom and gloom, the good news are 4 fold: first, Martel. He's the real deal. Second, asset sales are proceeding. Third, working with CDPQ hand in hand - that is huge as you and I know and it wasn't expected at all.
But there's a 4th good news not announced today. The Boeing refinance. $25B (could have raised $75B apparently) at various tranches ranging from 5 to 40(!) years. At basis +500 favourable rates (similar to Suncor). Initially Boeing said the bond markets were closed to them (ie the rates sucked). But then the Fed/Govt weighed in. To me, this means that our governments can refinance Bombardier on similar terms without repercussion which I believe is a big thing for them (not having repercussions from the US or from the public). Hopefully they would also structure them to take advantage of the poor market for Bombardier bonds.
Re the layoffs, among other things, I think there are still CRJ employees that remain after the last CRJ is assembled plus probably a lot of other commercial aircraft support staff that won't be needed going forward.
PS - another nugget 100M Airbus warrants were cancelled.