The Rise And Fall Of Bombardier Aerospace
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- These days, the Bombardier’s aerospace division is a shell of what it once was - having divested itself of its three commercial aircraft programs - all within the last two and a half years.
So how did we get here?
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They also sold their train program to Alstom
Yes they did so what's remaining of Bombardier?
@@francoisunger6466 Just private jets. Kinda sad, isn't it?
@@cedricye1767 yes it is the A220 is a marvellous piece of engineering which was no easy task to develop and they don't get the credit for it. For the trains they have been working with Alston for some time so it's sad for Canada but overall I think it's fine
Technically, not done yet. Expect EU decision now on July 31, and transaction closing sometime in 2021. There will be divestitures (BBD Zefiro, Alstom Coradia Polyvalent and a few others).
Also, Aerostructures not yet concluded (being sold to Spirit Aerospace). Have to wonder if this transaction will be done.
Ohhh I forgot lmao they actually ride in nyc
I like how Boeing Got a Slice of Karma after starting the C-Series Dumping petition
Dave Daniels Mmk let’s calm down lmao
r/instantkarma (not very instant but whatever)
@mr sir *cough* 737-max *cough*
@mr sir yup and because of that hundreds died even though there were numerous reports from pilots complaining about MCAS before the first crash. Boeing got slack with their standards to compete with Airbus and now it's cost them
@mr sir Lol boeing has to use the government to suppress competition cheap af
As a Bombardier (DeHavilland division) retiree I can say yes one specific factor.... incompetent management .... pure and simple....
It took several comments, in "Top Comments" order, to reach one which really explains the reason for Bombardier Aerospace fall: poor management. I'm also a former employee from BA in Montreal. It's a nice company, building a nice product, I was surrounded by nice people, but from a certain level up, arrogance and lack of vision highlighted. Collectively, that really broke the company. I left 2 years before those sad events occurred in sequence. Lucky me! It'd have certainly be a hard time in my professional life if I had stuck to the company. I'm really sorry for the good people that had their lives heavily impacted by others' mistakes.
The irony is that when the federal government asked Bombardier to buy Canadair, it was because of Bombardier's solid management and Canadair was very poorly managed. And Bombardier made huge improvements at Canadair, and got the project to upgrade the Challenger into a regional jet (the CRJ)_ Bombardeir grew into world leader for transit and 3rd largest commercial aircraft maker.
Not sure at what point the bad management decisions came, but by 9-11, it was definitely there.
It was interesting to hear that during its last years, the CRJ programme was losing money. How could Bombardier be losing money on an existing aircraft with all production/tooling already done? That appears to be terrible management to me.
They were competent enough to secure a huge government check before scraping off the company.
IMO, this isn't bad management, it's just management that doesn't care about the company.
@@arakwar Management which does not care about the company it is managing probably wouldn't be too good for the company though, right?
One of my family's relatives also worked for Bombardier. I'm not sure which part he worked on as I'm not very close to him but all I was told was that management was bad and stressful. He's retired now but I was told when I asked my dad weather he still worked at Boeing or not my dad told me he works for Bombardier and worked on private jets instead. I still remember as a kid I recieved many Boeing souvenirs.
You overlooked the #1 reason they failed -corporate governance and structure. The decendents of the original founding families kept very strict control of the company. Even though the company was publicly traded the shares voting structure essentially gave a couple families almost unfettered control over the operations of the company. They treated it like their personal piggy bank and took out many millions of dollars for themselves even as the company was bleeding money. They demonstrated poor judgement in how to run an actual business and this eventually led to the company running out of cash, despite many government bailouts that came from the families tight political connections
Like Irving then.
You nailed it. Despite many advantages relative to Embraer, it failed where the Brazilians succeeded.
Poor governance is actually reason #1 through #5.
Bombardier execs had no idea on how to run their company. When I worked for them, I perfectly recall them making foolish decisions one after the other. Like doubling production rates at a time when this was impossible...bosses and execs never ever bothered taking the right information and data before making any decisions. And then wondered why things weren't going the way they were supposed to. Also, it was the single company I worked for where upper management never ever got to meet middle or lower management. Just because they thought so highly of themselves (based on what, IDK...). I was more than happy when Alstom bought them over.
@Craig C I would also add the very poor integration of its subsidiairies all together. It was everyone for himself, with a total whatever - laissez-faire attitude. I recall subsidiaries fighting one another all the time despite us belonging to the same corporation...
It's funny how whenever Canada comes up with a really good plane, The US finds some way to ruin it for the Canadians. Remember the Avro Arrow anyone??
Well the usa is on the brink of collapse so I'm happy
@@CoCoNuT-dq7ez If the commie socialist cause the country to collapse I promise the world will not be happy.
Steven H. Just admit it...I’m American and yes I’m in the CIA
@@Sh9168 Socialist cause? Cold war ended 30 years ago.
Grow up.
Don’t forget the “Jetliner”, 10 years before the 707
Being from Canada, I've watched the growth and fall of Bombardier over the decades. It was never a roaring success -- ever. It required continuous subsidies and favored treatment from government contracts just to stay viable. The company started as a snowmobile manufacturer, and it may have tried to reach too far towards the moon. I think the C-series/A220 was their best project, but it drove them to bankruptcy. They should've partnered with a larger manufacturer from the start.
Yup, me too... It's been a soap opera the whole time. They've always been 'so close', and 'just a bit more government help'. It's a bit sad to see it decline, but they never could quite stand on their own two feet.
The personal arrogance and incompetence of the family did them in.
@Landru Jayrod Unfortunately those millions are predominately the taxpayers. In my opinion their assets should be seized for no other reason than that after the last big bailout they immediately paid themselves huge bonus' even though the company was going under.
Back in the 70's my family got into snowmobiling and my dad was a loyal Ski-Doo buyer, the band Bombardier manufactured. I still remember when he bought a couple of TNT 440's to go along with the mid level line we already had. They were some bad-ass fast machines back in the day. They should have stuck with snowmobiles and ATV's, stayed the hell out of manufacturing planes (at least stayed away from the bigger jets and buying Lear).
@Ladh 70 Cite references for your statements or sit down and shut up, you are embarrassing us now . . .
Bombardier also had a massive train division and they sold it off (to Alstom). Had no idea about the aerospace side facing a similar fate, dang
Bombardier's downfall is CHIEFLY the result of completely inept management. The Learjet 85 was, from the ONSET, an aircraft that would have been heavier when empty than the Challenger 300, but lighter at maximum take-off weight (indicating extremely inefficient structure, the result of the intention to have it made 'cheaply' with composites that would not be cured in autoclave, except that the manufacturing was supposed to be made in Mexico -- for the cheaper labor -- at 1820 m above sea level!) with a smaller cabin, lower cruise speed, lower range and essentially same price. And that design was launched at the same time as the CSeries and the Global 7000, meaning there were not enough engineers around to do the work simultaneously and that ALL programs were late as a result.
After Rober E Brown was dismissed as CEO, Beaudoin jr. took over, and everything started going bad. Every single project, which were until then completed in 4 or 5 years, started taking 7 or 8 years. Trying to make something cheap means that will end up costing more, be late and done badly.
I think that the downfall started when Boeing used the advantage of being a U.S. manufacturer as leverage to tax the C-Series program. A great plane plagued by unfair competition. You don’t see Bombardier taxing 300% on Boeing jets in Canada
well i think "boeing" is what killed Bombardier
Agreed.
In an industry where only a few thousand pieces are manufactured each year, competition from the small guy is impossible.
@@drormaor8134 yes sad to see bom-bar-dee-a go :(
@@drormaor8134 idk, bombardier was pretty close to killing the 737 Max-7 with their CS300. If boeing didn't get the government to put massive tariffs on them, they'd probably still be around.
Especially because Delta stated they were not interested in the 737 as their smallest offering had about 20 more seats than the CS100's they ordered
i agree 2
Blame Boeing and their legal challenge against Bombardier, the CS100/300 or A220-100/300 is a beautiful aircraft, carefully made and very popular with customers. Boeing's legal challenge ruined a great brand, and reduced competition. Meanwhile Boeing developed an aircraft, the 737 Max programme, which has accounted for loss of lives and is still to be recertified for safe service.
I would happily get on an A220, but not a 737Max.
It's worth pointing out here that Bombardier's fate is no different from Embraer's (E-Jet programme) with both having been swallowed whole by the global Commercial Aeorspace duopoly that is Airbus-Boeing as soon as they launched products which could challenge them.
I still think Bombardier still has a lot of potential and can bounce back from this. Afterall Canadians don't give up. :)
I'm sure Quebec and the Feds will be writing plenty of cheques for them real soon.
Nope. The point is that they unwisely got rid of all the technical design people. Those that could be sold along a product line went away to the new owner. Those who remained to complete the Global programs have just been issued pink slip. The company thinks it can keep selling their current product; but in one year, the Gulfstream G700 will enter service (it is flight testing now) with a larger cabin than the Global 7500, more range and using less fuel. And there is no one left to design a response. Even assuming that they could find the funds to finance a new derivative, the expertise and experience is *gone*.
Could you do a video on Mitsubishis aviation past
Thanks for the feedback. - TB
Simple Flying this would be a great video
It is indeed a good brand with great product line. Wish them all the very best.Keep flying...
America is that super competitive friend that will try to win at any cost
Developpement cost of the Cseries, the failed Learjet 85 and the Global 7500 all at the same time. This costed 10+ billions in a short period of time 2008 to 2020
Crj1000 and gx8000 also developped almost at the same time
The GX8000 is the Global 7500 (and 8500). But you're absolutly right about the CRJ1000, it did not sold well 😥
Any time that Boeing feels any competition, they just scream and cry until they get their way. They did it when AirBus released the A320 Neo, and ended up making a dangerous aircraft, and they did it again when Delta ordered aircraft from Bombardier.
@Dave Daniels Boeing, yes, US, no. Calm down. We just need a president who, you know, isn't a psychopath.
It doesn’t just happen naturally that something like Boeing gets crushed double.
it was the fault of Boeing, I am happy that things are out of track at Boeing. the a 220 is my favourite aircraft.
Now let's wait for Comac to kill both Boeing and Airbus :D
Now I'm a Comac fan and I'm no longer an airbus fanboy.
Airbus a220 is boring and too common
@@scottishtransportvideos264 I totally don't get it... too comon?
@@Waddle_Dee_With_Internet interesting...
I don't think I will ever be a comic fan, they literally copy western jets (my opinion)
the regional jet (I forgot the name)=717
c190=a320
I don't think I ever be a comic fan
@@kornelpesti787 "Comic fan"
Just because you are born into the family doesn't mean you're smart enough to run the company. Incompetence at it's highest.
Pierre Beudoin had to be the biggest idiot ever in the history of Bombardier. So yes, I agree wholly with your comment.
That's interesting as I am a A&P technician and I still see new Global 5500 series aircraft coming in for paint to my FBO that I work in.
I didn’t realize they sold the other 2 programs, I only knew about the C-Series, I really like bombardier, and really hope they can make a comeback in the near future
Insted of North America and European orders bombardier would have looked into Asia Pacific markets like India Indonesia Malaysia and other countries where large number of budget carriers are operating from Indigo airlines,Garuda Indonesia,citilink,Air Asia etc would saved bombardier from collapse
Talk about having all the tools for success but being mismanaged into oblivion.
TORONTO, CANADA JULY 2020/TTCAD/ Air Canada is proud to support Canadian innovation and engineering with the introduction of 45 Airbus A220-300 aircrafts to our fleet, with the inaugural flight on January 16, 2020.
Providing the best-in-class customer experience for flights within North America, the Quebec-made A220-300 features wider Economy seats and extra legroom, along with ample aisle and overhead storage space, larger windows, and lower in-cabin noise levels for a quieter, more pleasant flight. We’re proud to have been named Best Airline in North America for the third consecutive year as we continue to provide our customers with the utmost in comfort, technology and innovation. The addition of the A220 to our ever-growing fleet reflects our ongoing commitment to providing our customers unparalleled performance, and our desire to be at the forefront of the global aviation industry.
Bombardier airplanes are really safe tbh
Great video, it's missing the costly development of what was called the Global 7000-8000, now renamed Global 7500. Bombardier biggest problem was his own CEO who launched 3 big projects almost at the same time (Cserie, Learjet 85, Global 7500), of coarse Boeing didn't help but the cash flow was really a big problem.
And yet that CEO (P.B) still is present like as if he brought success to his family jewel.
The amount of govt subsidies given to this family run company speaks to the corruption of the elites who run Canada. Can’t say I shed a tear for its demise, but the family has not surprisingly done fine.
This is so sad. Canada deserves better, we really do.
I'm really surprised this video makes no mention of the world economic crisis that occurred right when the C-Series was finally fully certified. Or the struggles Bombardier's massive Rail Division had meeting deadlines and staying profitable.
I find it suprising that Bombardier's private jets are so prominently advertised all over Africa and sell well as a result. Why did they not spend as much money on their commercial planes/airliners? The Brazilians were clearly out marketing them.
This is unfortunate. I love to fly on those jets. They’re rock solid and the most comfortable small jet I’ve ever flown on.
From what I have seen working at the company as a contractor their management was extremely lacking and unbending in the ways it treated its employees as well as contractors.
They still do practice this and even worst now…
are you going to make a new video on their rise again ?
I had an idea it was going bad for them, but not this bad. What a shame, they were a bright spot in our tech sector.
C Series: Sold by the Notable Aircraft Manufacturers
Dash 8: Sold by the Neighbors
CRJ: Sold by a Car Company
I think that Mitsubishi Heavy Industries helps with the B787 however I’m not sure.
@@joshuajoe1419 Yes. But they were also the lead developer of YS-11(the only commercial aircraft Japanese made postwar), sole developer of MU-2 (a Beachcraft sized turboprop) and MRJ, and made a few military aircraft exclusively for JSDF. They are never comparable to even Embraer, but assuming they can just make cars are naive at best.
Mitsubishi used to make planes
steinwaldmadchen thanks makes sense that they bought the CRJ project.
Mitsubishi also made planes for japan in ww2 (the worst in the war lol)
I think bombardier might join airbus
that would be really cool to see
Last time i was this early my family was still alive
lol dark.
If they still own the Challenger series they're ok because the Challenger 300-350 is awesome.
Bombardier aviation still own Learjet, Challenger and Global family, not to bad.
@@francoisgagnon3716 I think the stock could be a buy now, might hop in at $0.50 range on monday
It's a shame that a company that had such a great showing in a monopolized market met a fate like this. I hope they can make it back into the aircraft manufacturing market.
Bad management..
Absolutely. Completely mismanaged. They gave everything they had into the C Series, but it cost them their life. Somehow they didn’t know how to market it. And the US Government (and Boeing) made it even worse and ended up giving a victory to arch rival Airbus. This is quite a tragic story.
Bombardier failed to large degree due to corporate culture and incompetence, I spent 10 years working for them and loved my job but simply could not put up with management, everything they did seemed to make something worse.
boeing wow your a genius
I am glad that Longview/Viking a Canadian company bought off the Dash8 program. I think most people overlooked that even before the A220, Bombardier was already losing to the competition, just look at the order numbers for Q400 vs ATR, CRJ vs E-jet. And if not because of the airbus scandal back in 1990, DeHavilland might still be Boeing Canada.
I love the Dash-8’s, great reliable service to many small fields. I have pending travel on the C300, but I really favour the Embraer’s to the CRJ’s.
Bombardier knew they would never make money from commercial aircraft, but their high end business jets rake in the cash. They divested the unprofitable to focus on the profitable. Good business decision I would say. Their business jets are the best.
The Boeing case was a certain kick in the teeth for them.
Yeah like double. It ended up handing a huge win to their arch rival. Probably the last thing they wanted.
At one time Canada was a world leader in aviation BOTH in military and civil. It's slide to oblivion began with Gov't subsidies and bailouts. Delta was GREAT example of what happened when Bombardier attempted to sell the frame FAR below an equivalent Boeing frame. Propped up with tax payer money.Huge tariffs were imposed by the US thus killing the deal and all but ensuring it would NOT garner any significant sales. . Who's at fault? The Canadian Gov't. It continued to prop up a failing entity until a buy out was the only option to salvage what was and is an excellent aircraft.I'm Canadian and had no problem with the US position to protect their interests. The Canadian model is and has been a joke for a long time. Hence why our economy lacks world class investment.
But isn’t Boeing itself receiving as much govt money, if not more?
Of course they do that cleverer - in the form of military projects.
@@steinwaldmadchen Where was the US military to buy from then? The EU?
I think the stamp on the CS200 is an error: it should read "given".
Yeah, 22 Skidoo.
It is a family company that could not recapitalise without the family losing control - losing their jobs and social position in Canada.
On One hand it’s a real shame bombardier lost the CSeries program as that delta deal would’ve made them into a key player in the US market.
But on the other hand boeing unknowingly screwed themselves my allowing their main competitor airbus to step in a end up with a free plane that will dominate a market that boeing hasn’t been able to touch. Airbus basically did a “why don’t you pick on someone your own size”
I see most of the comments citing boeing/us government but its not just them. I think what really killed is Mitsubishi, Airbus, and Boeing and the fact that bombardier wasn't doing so well since it had a high debt. These are the multiple factors I think that led to bombardier only producing private jets
A vid about Scandinavian aviation
You already said it right - cost overrun and schedule delay. What does that tell you? Poor management by incompetent executives.
I do not care, I hate to see companies fail
3:41 Croatia Airlines :)
I think it was a smorgasbord of things, the petition of Boeing, the Learjet 85 program.. and as mentioned in the video, I think the lack of proper advertising is slowly killing the company..
Well they had a too wide variety of products, I profoundly regret the sales of the CS-300 series to Airbus even if I understand the reason, regarding the Dash and the CRJ it was better for Bombardier but they should keep the GLEX and CL series they have been doing a great job at it love to fly the GLEX and hopefully one day I’ll be flying the vision or the 7500 it would be nice to finish my career on this bird ! 😃
Kind of ironic of where Boeing is today with their Max grounding and starliner setbacks after they tried to destroy the C-series. Total loss of reputation..... and now airbus has it.
First! Amazing! Do more😍✈️
Im first dumb
At least there is a firstcomment with an opinion. Still would have been better without the «first».
Thanks for the feedback. - TB
I knew about the C series but... Uh... Bombardier is my favorite plane manufacturer... Im kinda sad now that i know about the rest...
Bombardier was heavily diversified and maybe stretched too thin. One thing I wonder about, would COVID-19 had happened a year or two earlier, would it have kept its C-Series and ramp up marketing?
Lear 85, C Series and other programs closely launched at almost the same time was a catastrophic decision. They did not have the engineering resources to spread across multiple programs. As well, risk sharing partnerships required massive communication across continents which created delays. Top level management did not understand how a tightly coordinated engineering design office in the same physical location for an entire program will outperform multiple external offloaded supplier/partners with their own agendas.
Exactly. Even Airbus wisely waited until they were finished with the A380 before launching the A350, and almost finished with that one before launching the A320neo. Same at Boeing: the 737MAX was not started until the 787 was completed.
What killed Bombardier was just poor management. They were never able to chalk out a long term strategy. There were always backlogs marketing was equally abysmal. HR development was even worse. Same C-series and Dash8 which we’re struggling under Bombardier is now most promising products even after the covid crisis.
Boeing is honestly just tasting the karma of taking such an eager company out of business.
As an American it’s devastating. Boeing is so horribly mismanaged and at this rate and with the coronavirus pandemic, I almost don’t care if they go under. The 787 is the only solid product Boeing has currently.
That C plane is a good product
*******air India was operating crj aircraft early 2010and some private carrier's operating bomrider in present time*****
What brought it down was the protectionist policies of the US
Foreign ownership brought down Bombardier. R&D write offs are higher in Canada. Foreign influence used the company For R&D. Profits made from the profitable divisions were written off. The share price suffered as a result. All the technology to develop the C Series flew south on it's first flight.
i feel like airbus shouldn't have re branded the aircraft, or company. They should have kept it under the bombardier name. keeping a partnership with bombardier. Fund and support the program with split profits.
Boeing is to blame because of the dumping petitions. Bombardier lost their strong hold in the US aviation industry, the C-Series was their chance and they had a great shot to break into the American market
👍❤AIRBUS ❤👍
🇺🇸 Boeing
Forgetting the private jet manufacturing. The green movement guilted them out cause of the theorized effect of man made emissions. Meanwhile the manufacturing market share just got collectively picked up by the rest of the world. It’s just how we do things here in Canada, greenies can shut anything down.
nooooooooooo Bombardier don't go
But hey! We at least have the new global 5500 and 6500 now!
The company has been mis managed for decades. Numerous bailouts from Canadian and Quebec governments wouldn't help. The directorship and upper management did well with lavish bonuses. The Global express has been a huge success but can't carry the entire load of the company. Wasting resources on a learjet 80 was a waste of money that could have been put elsewhere.
And now they put end to the Learjet program...
I interviewed with the Bombardier business jet division. If the rest of the company is anything like the interviewer I had, I would say a lot of their problems may stem from a very toxic work culture.
Let's not forget the management team at bombardier. Their shortsightedness resulted in Airbus buying the Cseries for 50% of the cost with ZERO development risks. Also, millions of loans were taken from Quebec government... they kept firing people whenever they were in the black and in the red... looks like they're operating on the motto "if we don't have a business, we won't be in debt"
I am gonna get blasted but here goes.. if this program or company was developed in any other providence then Quebec ..it would have been massively successful...
,but no company was able to have this type of program in another (english) providence. perhaps ,they are most unable???
@@olivierb9716 Only a Quebec company could get so many government handouts.
Boeing actually sued Bombardier for dumping? Wow
I think the private jet division could have a prosperous future.
Yes one factor - the son of Laurent Beaudoin. Pierre. Everything you said I and many others saw but not the big boss.
Pierre had to be one of the worse CEOs in the history of Corporate Canada.
Bombardiers downfall was the result of boeings bitching about unfair trade practices in a contract they didn't weren't even competing for. I think their plan was to force bombardier to hand control of the program to them. Instead they went to boeings competition. Great move their boeing. The real bitch of the situation was that a year or so later beoing got in big shit over their own shitty quality and poor manufacturing processes. Boeing has survived all of their problems due to Billions in military contracts and government subsidies something bombardier has never had. So thanks america for destroying one of the biggest manufacturers in canada just because your company wanted to get hold of a plane they didn't design.
Ah Yes... US Companies/Government tinkering with the Canadian Government/Aerospace industry.
nothing new
RIP Avro Arrow
(Edit: and yeah no... Bombardier is a victim of poor management from the top. It's a shame the higher ups treat it like their prized possession when everyone's looking, but when the door's closed they proceed to beat it to a pulp... financially speaking)
Bombardier died largely because of Boeing's overly strong stance (some say petulant) on US Competition Policy, but clearly Bombardier had taken on too much and of varied type and quality. That could be a plus in that variety could see what the market chose. However, spreading the company so wide was a difficult and financially risky act in itself. But. If truth be told in 2020, there's really only room for the two big players. This leaves Airbus and Boeing to rule.
Bombardier moved into a sector of high performance, long range aviation with improved green status usong GE and Rolls Royce engines. It is and was a good move with innefectual anti-terrorism and a viral pandemic with staff's inability to clean commercial jets. Good moves Bombardier, time to rexapture DOOO. Cheers
I dont like boeing now after they claimed that 'the c-series is a threat to american aviation'.
I want bombadier to be living as a great airplane manufacturer.
Btw I like airbus more than boeing
It’s weird to say they’ve fallen. I’m a bombardier aerospace employee. I’m a mechanic on their private aircraft, and they pay me 85k a year, pay for 50 percent of mine and my families health insurance, and I have a 401k that matches 100 percent, up to 9 percent, and we get yearly bonuses at 4 percent of our annual salary. They’ve always taken care of us, and I don’t think any of us see it bombardier in this light.
Witchita?
Asfand Babar Tucson
So quick question: would you ever see yourself investing in it monetarily, knowing the above and what you know and the sea of accusations of persistent mismanagement others comment?
Like many former BA employees and interns here, two words: upper management. Boeing can be blamed for some of this but upper management made sure that the damage was done years before the trade spat was a thing. If you weren’t in Montreal and if you were and didn’t speak French you were an outcast. Poor vision and spoiled by effectively interest free loans from the government, they walked out with self serve cash. The DeHavilland talent was ignored at downsview because they weren’t in MTL. Bombardier had some of the best stability and control engineers on the planet and now they’re at Mitsubishi for example. Most of the talent, especially from advanced design, is long gone and this happened way before Boeing interfered. Mitsubishi, Boeing, Boom, and Aerion owe it to BA’s garbage leadership for producing some of the best aerospace engineers in the world for them to poach.
Under-rated comment
Would Bombardier still be doing well if the U.S. government tariffs hadn't been applied?
Would Bombardier still be doing well if Boeing hadn't taken a chunk of them in their fight?
Would Bombardier still be doing well if they hadn't received a big investment from the EU?
Did Bombardier really abandon assets like the C Series to Airbus and Q400 to Viking Air? You could be witnessing a shell game that's often used by corporations. Airbus is a majority shareholder in the C Series, that's true, but just barely. Airbus made it clear that intended that the C Series be made in Quebec except for those sold to the US. The other shareholders are the Quebec government and Bombardier. Viking Air which is closely is affiliated with Longview Air has a long history with Bombardier, in fact, it adopted almost every Bombardier aircraft to manufacture. Just a coincidence? What the press never tells you (and this upload too) is who is in the background pulling the strings and who really owns what. I've seen this before with other corporations who said they sold off a not so profitable branch of their corporation to make their books look better. In fact they were just moving assets around to make the numbers look good to investors. The assets were all still owned by the same group of owners, just in another company.
It could never succeed in the US unless it relented and pronounced itself "Bom-buh-deer".
Boeing got butthurt that they fucked up and don't want competition
USA trade policy
I like bombardier and you cant make me not like it! >:(
R179
In 5 years the rise and fall of boeing
it was boeing that killed them with the 300% tariff they demanded because the c series/a220 is a great threat to their dominance of the domestic market....
No, because that tariff was overruled and therefore never applied. But Bombardier has already decided to "sell" half the CSeries to Airbus for the princely sum of $0.
@@vincentgoudreault9662 but that quickly affected bombardier which is already on its knees with this program and hoping this will help with their recovery but alas...boeing comlpained to the US government and trump tried to announce the 300% tarriff, yes that ruled out but the damage is done....
@@johnpatricklim4509 Let's put it this way: this was the equivalent of stabbing someone how was already riddled with bullets but was not quite dead yet. Being imposed tariffs is one thing, selling all planes at below cost is something that Bombardier decided to do before the complaint that resulted in tariffs was filed, after years of refusing discounts on the list price for large orders.
"How did it get here?"...propped up by the Quebec and Federal governments