RE:RE:RE:Covid cost BA 2 billion 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 sky (pun intended) in order to get their majority.
mnztr wrote: 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 debt costs from 7% to about 2%, which is about 500M/year. With this I think the company can dig itself out.
flamingogold wrote: 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.