RE:RE:RE:RE:RE:Q3/24 Revs 859, the only thing I don't know about Bombardier really as I had mentioned yearlier yesterday was the current state of the Belfast facility. The only info I have, which is all conjecture, is that is old, outdated, very inefficient and is a money pit. I have no idea the size of the Belfast factory either. I have no idea about the detailed manufacture of fueselages and wings so could you just buy a similar warehouse, new machinery and open a plant in Witchita, Toronto, or elsewhere in North America or does it need to be a new facility built from the ground up? There seems to be no shortage of workers in the aerospace sector with Boeing laying off 17,000 workers and Airbus laying off 2500 very recently. No idea what if these laid off workers could build the parts currently made at Belfast in North America? I trust Eric, Bart and others are exploring all these options. I expect there to be an update on Belfast on Nov 7th. Thank you for your info on Belfast. At this time as an investor I do question why we would want it unless someone was willing to give it to BBD along with a huge cash payment.
As for FCF ultimately in the end we are talking about the same thing and the net result is the same give or take, we are just getting there by different methods. In my head I don't expect all FCF to be paid on LTD, I simply look at the net debt numbers and excluding Belfast I expect net debt to be <3.0B by the end of 2025FY