Bombardier has been receiving gov't aid since 1966, and without this they would have been tits up years ago. These are from the Globe and Mail
If Bombardier is granted yet more taxpayer money, it would be in addition to the almost $1.2-billion granted or lent to the company by the federal government since 1966. There was another $1.2-billion in corporate welfare to another aerospace company, de Havilland, which Bombardier swallowed in 1992, and almost $1.4-billion“invested” last year by provincial taxpayers in Quebec. Add all that up, and you have $3.8-billion (again, that’s in 2015 Canadian dollars) to Bombardier
why Prime Minister Justin Trudeau should close the door on yet another Bombardier cash call? Because the company’s latest request for almost $1-billion (U.S.) – $1.4-billion Canadian – would be its 51st request to the federal government in 50 years.
If Bombardier is granted yet more taxpayer money, it would be in addition to the almost $1.2-billion granted or lent to the company by the federal government since 1966. There was another $1.2-billion in corporate welfare to another aerospace company, de Havilland, which Bombardier swallowed in 1992, and almost $1.4-billion“invested” last year by provincial taxpayers in Quebec. Add all that up, and you have $3.8-billion (again, that’s in 2015 Canadian dollars) to Bombardier
why Prime Minister Justin Trudeau should close the door on yet another Bombardier cash call? Because the company’s latest request for almost $1-billion (U.S.) – $1.4-billion Canadian – would be its 51st request to the federal government in 50 years.
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