Bombardier Inc. T.BBD.A

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

Industrials Aerospace & Defense

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its 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, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.

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Bombardier Inc. > I asked 2 questions at the Shareholders meeting today

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Comment by firstworldon May 06, 2021 2:12pm

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Post# 33142109

RE:I asked 2 questions at the Shareholders meeting today

Did anyone ask when they would pay back the $20BN or so in welfare payments?

BBDB859 wrote: And i got a couple of replies from both BD and PB at the SH meeting today.

To PB i wanted to know what he's doing about the declining shareholders value. If you were listening to the meeting this morning, you would have heard his answer. He said that they are very aware of the SP decline, and that that is the reason they went to a pure play. That they are now focussing to get positive FCF to bring the SP up.

I asked BD about the Rating agencies, and how we can get Bombardier's credit rating up? He said that the best way is with what they are doing, right now, by reducing debt. When the good ratings will kick in, will depend when the debt is down considerably, and they are able to show the Agencies, that they are capable of re-negotiating the debt.

I think that Bart D forgot the importance of the positive cashflows going forward from BA to help reduce the debt, and give the rating agencies the comfort that FCF is positive and they can generate enough to pay down the debt slowly and all the bills easily. I think that EM should have stepped in to help answer that part of the of question. But then EM did ellude to the importance of EBITDA going forward and how the company was going to $1.5B EBITDA by 2025. Anyway they are better at answering some questions. Let's keep our fingers crossed that they can keep this up, and not hide under lies.

On another matter about the corruption investigation. Bombardier wasn't directly involved in the CRJ deal to Garuda Indonesia being investigated. It was a Scandinavian Lessee who Leased from Bombardier first and then in turn leased to that country that jailed the CEO Garuda that did that deal. If any wrong doing took place? Then the blame should be the Lessee of Scandinavia.

I find it strange that everyone bashing the Bomber always has to include any connection to the Bomber. The Lessee from Scandinavia did the deal directly with the CEO,. Bombardier was only the OEM. Even if the deal is arms length Bombardier gets implicated. How they got Bombardier involved was when they implicated Airbus and Rolls Royce for corruption od deals with the same CEO of Garuda.