Do you think that Airbus gets no subsidy? Boeing? Embraer?
The aircraft market is global, and I can't fault Canada for supporting Bombardier in a manner similar to how their competition is subsidized.
The aircraft market is global, and I can't fault Canada for supporting Bombardier in a manner similar to how their competition is subsidized.
What is really happening is risks are socialised, profits (if any) are privatised.
Well not quite, given companies pay tax too. Not only that, but large industries like Aerospace spend money on other stuff. I agree it's clumsy, but it isn't as simple as you put it.
Seems to me with the level of subsidy Boeing/Airbus/Bombardier receive, why aren't they just nationalised.
And speaking as a Canadian, it's nice that we still do have Bombardier, otherwise those jobs would simply go down south (probably the actual talent too). Canada needs to invest in industries other than resources... And of course Bombardier IS profitable (forward P/E of 9.71 on the stock).