RE:RBC: Extracts from the full reportThe reason I can't quite take this report seriously is he fails to explain how Bombardier is going to save ~$80MM of interest in 2025 vs 2023.
Debt averaged $5.7B in 2023. Interest more or less the same @ 7.5%. Therefore 2024 has to END at $4.7B and stable thruout in 2025 to achieve the savings. Or Debt starts at $5.5B on Jan. 1 2025 and drops to $3.7B by the end of 2025. Or finishes 2024 at $5.2B and finishes 2025 at $4B. You get the gist.