4 ms·
Bombardier got a huge bailout by the Quebec Government, so it effectively funded a US companies competition. That type of thing is bad for competition. But, as
by jhall1468 9y ago
Bombardier got a huge bailout by the Quebec Government, so it effectively funded a US companies competition. That type of thing is bad for competition. But, as a result, the few hundred planes they would have sold will not be made by their largest competitor in the US.
- wahern 9y agoIn fairness, Quebec took a 49.5% stake in return. There's a huge grey area between complete non-intervention and state-owned or state-financed industries (Quebec doesn't control the money supply). Plus, there are all the tax deals Boeing gets. It would be interesting to compare those with the tax deals Bombardier gets in Canada.
- deleted 9y ago[deleted]
- hourislate 9y agoI was under the impression it was the Province buying into the C Series Jet. They own a % of the Jet just like Airbus now owns a %. You know the way the US Government bought GM Shares and AIG, etc. An investment not a bailout.
- wbl 9y agoI can imagine Canada trying that in retaliation. Won't be a good day for anyone.
- RobertoG 9y ago"That type of thing is bad for competition" Is that the case? For instance, we could argue that Airbus would not exist without governments help. Would be, a world without Airbus, more competitive? Now that I think about it, we could argue that Boeing would not exist without government help neither.