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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

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.


TSX:BBD.A - Post by User

Comment by clubhouse19on Jan 27, 2022 10:08am
156 Views
Post# 34366290

RE:RE:Might be a good time to Exit

RE:RE:Might be a good time to ExitThe Globe and Mail reports in its Thursday edition that the federal government says it will soon introduce a special luxury sales tax on high-priced cars, boats and planes, despite domestic manufacturers' concerns that their customers are already cancelling orders to avoid the new surcharge. The Globe's Chris Hannay writes that the Liberals proposed the tax in the 2021 budget as a way to raise further revenue from wealthy Canadian residents, along with previous hikes in the top income brackets. The levy, of either 10 per cent or 20 per cent depending on the value of the purchase, applies on cars and aircraft worth more than $100,000 and boats priced at more than $250,000. The government projects that it would raise about $150-million a year. Boat, plane and automakers say their customers have started to cancel orders because they do not want to pay the tax. Anthony Norejko, president of the Canadian Business Aviation Association, said his group estimates $900-million worth of orders have been cancelled or postponed because of the tax, based on what companies, including Bombardier and Diamond Aircraft Industries, have told him. Mr. Norejko said that could lead to hundreds of job losses in the sector.
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