3 ms·

Bombardier has a long history of incompetence. Just google "Bombardier delays" or "Bombardier defects". They have been bleeding money for years and sucking up

by stewx 6y ago

Bombardier has a long history of incompetence. Just google "Bombardier delays" or "Bombardier defects". They have been bleeding money for years and sucking up billions in corporate welfare to stay afloat.

emilecantin 6y ago
Oh, no need to google here; I have some friends that worked there that have confirmed this on multiple occasions. It's just frustrating as a Québec taxpayer to see this plane program bailed out from Bombardier's incompetence with my tax money, only for the US & Boeing to force it to be given to Airbus. I feel like we really got shafted in that saga.
- 908B64B197 6y ago
  Québec taxpayers actually made money with the deal, strangely enough. Bombardier basically split the CSeries program from it's main division and placed all assets (factories, IP for the plane) in a separate company. The government then invested in that company and got shares in return. So it's really more like VC. These shares also get a part of the profits from the CSeries and the government can sell them if it wishes.
908B64B197 6y ago
Rail or airplanes? The two companies have been distinct for many years now. Rail projects are a political nightmare, as every buyer is a government (municipal, state, national) and wants their rail equipment to be manufactured in their jurisdiction. So they can make a big announcement that the X millions they just paid is actually creating good jobs. Then a few years later the job dries up for a designated site (project completed) so the local government keeps bailing it out else they'll get voted out for getting rid of all these jobs! Plus, of course, every project is custom hardware. And is long enough that it will span at least two municipal, state or national administrations so expect a feature creep/change of requirements in the middle.

3 ms·

Bombardier has a long history of incompetence. Just google "Bombardier delays" or "Bombardier defects". They have been bleeding money for years and sucking up

by stewx 6y ago

emilecantin 6y ago
Oh, no need to google here; I have some friends that worked there that have confirmed this on multiple occasions. It's just frustrating as a Québec taxpayer to see this plane program bailed out from Bombardier's incompetence with my tax money, only for the US & Boeing to force it to be given to Airbus. I feel like we really got shafted in that saga.
- 908B64B197 6y ago
  Québec taxpayers actually made money with the deal, strangely enough. Bombardier basically split the CSeries program from it's main division and placed all assets (factories, IP for the plane) in a separate company. The government then invested in that company and got shares in return. So it's really more like VC. These shares also get a part of the profits from the CSeries and the government can sell them if it wishes.
908B64B197 6y ago
Rail or airplanes? The two companies have been distinct for many years now. Rail projects are a political nightmare, as every buyer is a government (municipal, state, national) and wants their rail equipment to be manufactured in their jurisdiction. So they can make a big announcement that the X millions they just paid is actually creating good jobs. Then a few years later the job dries up for a designated site (project completed) so the local government keeps bailing it out else they'll get voted out for getting rid of all these jobs! Plus, of course, every project is custom hardware. And is long enough that it will span at least two municipal, state or national administrations so expect a feature creep/change of requirements in the middle.