Trudeau Finally Comes Through, but Bombardier Only Receives CAD 372.5 Million
After market close on Feb. 7, federal Canadian cabinet ministers and Bombardier’s management announced CAD 372.5 million in “repayable contributionsâ€--basically interest free loans--to the company. The construct closely mirrors contributions the federal government provided to Bombardier in 2005 for the development of the C Series narrow body aircraft. Ahead of Bombardier’s earnings release on Feb. 16, we’re holding off on any changes to our CAD 2.45 fair value estimate and we are also maintainin...Bombardier is a manufacturer of transportation equipment. Co. carries out its operations in four segments. Aircraft is engaged in the design, manufacture and aftermarket support for three families of business jets (Learjet, Challenger and Global). Commercial Aircraft designs and manufactures commercial aircraft in the 60- to 150-seat categories and provides aftermarket support for these aircraft as well as for the 20- to 59-seat range category. Aerostructures and Engineering Services designs and manufactures aircraft structural components and provides aftermarket component repair and overhaul. Transportation delivers products and services in sustainable mobility.
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