TOareaFan
Superstar
^nationalize it to turn around and de-nationalize it?
^nationalize it to turn around and de-nationalize it?
There's no incentive to avoid delays if you know you can demand the Quebec, and now national taxpayers to back you up.
If Bombardier is worth a bailout, why not one for Suncor, Potash Corp, Husky Energy or Canadian Oil Sands?
They should just nationalize the sucker, kick the founding family out and sell it.
Just as a way to get rid of the BBD family.
AoD
They don't want foreign companies taking over the company. You'd need a mechanism to prevent that. That's what Bombardier is arguing in their refusal to agree to the Federal Government's deal
Except I wouldn't trust BBD family to defend Canadian interests - this is the company whom gladly discussed possible sale of the project to Airbus afterall - after taken umpteen million in government funding for it. For them to wrap themselves around the flag is rather grotesque.
AoD
Ironically, Bombardier is a conglomerate consisting of several foreign industries. Learjet, Shorts, Lohner-Rotax, BR Derby Rail Works, Adtranz...They don't want foreign companies taking over the company. You'd need a mechanism to prevent that. That's what Bombardier is arguing in their refusal to agree to the Federal Government's deal
Indeed. I'd have to think most of their employees and a good portion, if not more than half of their production are offshore.Ironically, Bombardier is a conglomerate consisting of several foreign industries. Learjet, Shorts, Lohner-Rotax, BR Derby Rail Works, Adtranz...
Bombardier’s C Series jet nears approval for London City airport
http://www.theglobeandmail.com/repo...id=b938ee31-0c72-4b78-874b-ca880885b744?ord=1
Bombardier Inc. said its C Series will soon become the largest commercial aircraft capable of landing at London City Airport, a feat the Canadian planemaker expects will whet buyer interest at a time of sluggish market demand for new jets.
Bombardier, which this week completed a series of dedicated flight trials, expects to receive “steep approach” certification in the second quarter so that airlines can land the 110-seat CS100 variant at the urban airport, which has the challenge of a shorter runway, spokesman Bryan Tucker said.
The certification would allow C Series customer Swiss Airlines to operate at London City, which is a four-mile drive from the capital’s main financial district.
“We expect this to generate interest from other operators as the aircraft demonstrates its capabilities,” Tucker said.
The arrival of the lightweight, carbon-composite C Series at London City could boost Bombardier in the run-up to the industry’s showcase Paris Air Show in June.
It comes as planemakers are bracing for another bout of softer sales in 2017 after a prolonged order boom peaked in 2014. Planemakers are having to battle harder for business amid a glut of new planes and concerns over the economy.
“We’ve been binging on orders,” said Teal Group aerospace analyst Richard Aboulafia, who expects muted demand in 2017.
Because of its lighter weight than most aircraft of its size, the Canadian jet can fly direct to New York from London City when carrying about 40 passengers in exclusively business-class seating.
U.K. startup Odyssey Airlines and Geneva-based private charter operator PrivatAir have both announced plans to operate the plane out of the airport, with Odyssey planning services to North America and the Middle East.
A number of operators have tried and failed to make money on banker-friendly London City-New York services, which until now have had to stop in Ireland for fuel on the westbound journey due to prevailing headwinds.
Although it has won accolades for fuel savings and a smooth entry into service with Swiss in 2016, the C Series has not received a substantial order since the sale of 75 C S100 jets to Delta Air Lines nearly a year ago.
An earlier order for 45 130-seat C S300 versions to Air Canada was completed in June.
After relaunching the programme with steep discounts to boost sales following production delays, Bombardier is coming under pressure to secure profitable new sales in the run up to the Paris show.
“We are comfortable where we are at this point,” Tucker said of C Series’ existing sales.
As of December 2016, the C Series had recorded 360 firm orders and most capacity is sold out through 2020, he said.