Latest: Orders Will Follow after Unions Sign Sunday and Quebec Announces Optional Funds - Eureka
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Updated: 11:35 Montreal Time - October 28, 2015 - The Latest Rumour about Bombardier.
Few things to know, the Quebec Government will fix, once and for all, the source for all the funds, that "might be necessary", to Bombardier until CSeries is "cash flow" positive, the completion of the Global 7000 & 8000, and other improvements (CRJSeries, QSeries…). I also heard Quebec Government could be taking part in the Bombardier Transport (BT) IPO to the amount of $1-2B.
5,000 unionized employees will vote this coming Sunday at the Palais des Congrès de Montreal on the latest offer made by the company. There is a Tentative Agreement with the Unions representatives to be presented Sunday
That once the unions and the government support is announced, many orders will follow.
Makes sense to me! Alain Bellemare is Really Taking Care of Business!
Worth mentioning, Ireland Economy Minister Jonathan Bell is in Canada visiting Bombardier, had a very nice reception at the CSeries factory in Mirabel also yesterday.
He said: " I hope this week will be beneficial to the companies and look forward to hearing of future export successes as a result."
Was he trying to tell us we should now be expecting an order from the UK? British Airways? Virgin Airline? And take note, further financing help in the wake of Quebec's own effort remains a possibility. And would be most welcome.