RE:RE:RE:RE:RE:RE:Some more for you allNo doubt that the Can. & Quebec Govt's and even the Ont., Gov't were idiots in the BT & CSeries fiasco. But the stupidity came from PB. I've said this many many times here from the time it happened. I will say it again.
When selling the CSeries, I would have sold it MHI for $1B to $3B. They sold the CRJ program to MHI for $750M. Couldn't they get $2.5B from MHI for it, before they gave it away to Airbus. There Japanese not Chinese. Or better still just mothball the program. Don't spend $1 dollar extra on anything except for production of the backlog from Mirabel. Even Boeing would have paid $4B to $5B a year later when the Max was grounded.
It was PB's fault for all these mistakes. You guys keep blaming Govt's for these BLUNDERS. PB could have done zillions of things. The CSeries was a big money pit. PB should have JV'ed the CSeries with Mitsubishi, if MHI didn't want to buy it. Then JV, or sell BT to Hitachi. The money they got from either of those sales, would have discharged at least half the debt. It just timing of transactions. PB had shite for brains. He should have never gone bed with the French/Airbus. If it was his goal to sleep with Airbus for $1, that fine too. But why give them control of the program. I've said this a thousand times then, and I'll remind everyone here again. If you give someone a gift of half/50% of $6B program for $1 dollar. Then that's one thing. But why would you even give control of your half/50% as well. The control of the Bombers 50% was even worse than selling half/50% for $1 dollar. PB should have told the Govt's to stay out of the Bombers business. He should have told them, that Bombardier was their Families business, and he should have sold, or JV'ed everything Mitsubishi. If you guys recall, at the time? MHI was dying to get into the Commercial Mid size class They say that when the chips are down that's when you know, your Captain is good. This PB is a weak & Meak captain. Let's forget everything because my blood boils when I get reminded of his stupidities.
They say that you can Educate IGNORANCE. You can Medicate CRAZY. But there is Cure for STUPID. To me this the perfect way to describe the PB scenario. "The idiot Heir" was our curse. The good part is that we finally got him out BBA, with EM's & BD's arrival. Now the only thing left is to just take away his Bombardier credit card.
bicente wrote: Every single dealing we have with foreign countries turns to a disaster and we always get raped ... BUT. Our govts stick it to the citizens ... the bomber's best move was to unload those 2 divisions even though I was reluctant to see the logic behind it at first ... let our govts argue with foreign entities now and see if they get a better deal , the bad part is we will all pay for the disasters to come ... but we are used to paying for govt mistakes , it's in our DNA ... meanwhile the bomber will pump out profits , pay down debt and collect a pay heck ... GLTA
Shamhorish wrote: bicente, agree 100% of what you said
parazite can not see the truth, they just spread their venom that sooner or later will poison them
yes, "if canada, Que didn't eat our own "
but imo, that is another proof, those gov are not interested in canadian ....., they are just watch dogs for USA, France, UK to make sure any thing valuable fall in hand of one of those three countries sham, sad, corruption