PPRuNe Forums - View Single Post - Air Canada still interested in CSeries as potential Embraer replacement
Old 5th Mar 2015, 00:47
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pigboat
 
Join Date: Feb 2000
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I am not permitted to give details, but the Transportation side of Bombardier (trains, metro, trams etc) has been cross-subsidizing the Aerospace C-Series side since its very inception.

The dividend suspension and equity fund-raisings are the last steps in this cash-burning process.

Despite the stalwart backing of both the CDN and QC governments, the real question is whether Bombardier will even be around to see this project through to fruition and its subsequent long service life
A cousin of mine who has been in the aviation management business for 40 years had this to say when Bombardier announced the C series: "They're gonna bankrupt the company with that thing."
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