Canada Sends Subsidies To Bombardier | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-12.08.25

AirborneNextGen-
12.09.25

Airborne-Unlimited-12.10.25

Airborne-AffordableFlyers-12.11.25

AirborneUnlimited-12.12.25

AFE 2025 LIVE MOSAIC Town Hall (Archived): www.airborne-live.net

Thu, Dec 16, 2004

Canada Sends Subsidies To Bombardier

Mounties To The Rescue!

Canadians will not sit idly by and watch Bombardier die. That's the word from Ottawa, where lawmakers are making ready a bail-out package for the transportation giant worth at least CAN $300 million.

"You cannot just look at a company that's in a crisis point and say, 'Well, we're going to let it die, and live with the ripple effects,' because those ripple effects can be profound," Industry Minister David Emerson told reporters Tuesday. "They can be irreversible, and I for one am not going to stand by and watch that happen to a very important sector of Canadian industry." He was quoted in the Globe and Mail.

The announcement from Ottawa came just one day after Bombardier sacked Paul Tellier, its president and CEO. He'll be replaced by three people in what's widely seen as the first move in a big shakeup.

The sentiment for a bail-out seemed pretty popular in Bombardier's home province of Quebec, where some 25,000 people work for the company. The government in Quebec has pledged CAN$750 million in loan guarantees, bringing the province's total outlay for Bombardier to $2.3 billion.

FMI: www.bombardier.com

Advertisement

More News

ANN's Daily Aero-Term (12.13.25): Light Gun

Light Gun A handheld directional light signaling device which emits a brilliant narrow beam of white, green, or red light as selected by the tower controller. The color and type of>[...]

Aero-News: Quote of the Day (12.13.25)

“We have performed extensive ground testing by comparing warm up times, full power tethered pulls, and overall temperatures in 100 degree environments against other aircraft >[...]

NTSB Final Report: Gippsland GA-8

While Taxiing To Parking The Right Landing Gear Leg Collapsed, Resulting In Substantial Damage Analysis: The pilot made a normal approach with full flaps and landed on the runway. >[...]

Classic Aero-TV: Historically Unique -- Marlin Horst's Exquisite Fairchild 71

From 2014 (YouTube Edition): Exotic Rebuild Reveals Aerial Work Of Art During EAA AirVenture 2014, ANN's Michael Maya Charles took the time to get a history lesson about a great ai>[...]

Airborne 12.12.25: Global 8000, Korea Pilot Honors, AV-30 Update

Also: Project Talon, McFarlane Acquisition, Sky-Tec Service, JPL Earth Helo Tests Bombardier has earned a round of applause from the business aviation community, celebrating the fo>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC