PPRuNe Forums - View Single Post - Bombardier gets another handout...
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Old 8th Feb 2017, 18:33
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er340790
 
Join Date: Jul 2005
Location: Canadian Shield
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Sadly, your trust is misplaced...

The reason that this bailout (for that is what it is) is termed a 'loan' is that it enables Bombardier to continue suckling at the public teat without diluting shareholder (read: family) equity.

Any normal business would approach its commercial lenders for support and / or offer additional shares in itself. The fact that Bombardier is unable to do either tells you everything you need to know about the tragic financial state of this white elephant.

The real tragedy is the Government of Quebec is already on the hook for its earlier stakes, as are all those poor schmucks who thought their QC pension contributions were professionally invested and safe; they too will all disappear when this monster finally dies. And die it will.

Ultimately, of course, it will be the Canadian taxpayers who will be left to clean up the mess the charlatans have created. Of course, the perpetrators will mostly be retired on protected Federal pensions by then.
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