philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Feb 13, 2020 10:48:38 GMT 1
Bombardier lacked resources to assume its share of the funding, and Airbus was aware of its partner's situation. Anyhow, the acquisition of Bombardier's stake was decided from the outstart, and its acceleration is a welcome clarification. Airbus was also probably happy to buy Bombardier's stake now instead of having to pay more later. The price shows that the value of the programme, though increased since Airbus took over, remains low, probably because positive cash flows are still a distant hope.
Quebec remarkably increases its share of the partnership to 25% without any cash expense. This may be a consequence of clauses included in its favour in the initial agreement, which probably went beyond no-dilution, though I don't know their exact wording. I suppose in local law a 25% stake allows a degree of protection of Quebec-based activities from delocalisation.
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Post by bmw801 on Feb 13, 2020 11:34:35 GMT 1
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someone
in service - 1 year
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Post by someone on Feb 13, 2020 12:24:23 GMT 1
Assuming this actually does get firmed, isn't Airbus production capacity now about to get filled up, and further increases is required. Especially the -300 model seems to be a hot seller these days
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Feb 13, 2020 16:12:47 GMT 1
I tend to be sceptical about that latest large MoU ...
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Post by a380admirer on Feb 13, 2020 16:17:51 GMT 1
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Post by peter on Feb 13, 2020 16:32:24 GMT 1
Actually it's 100 MAX (see Boeing news release Here) but I think all those 150 aircraft are never going to see the light of day. Sofar they have a website with exactly one (front-)page, white letters on a green background, good luck trying to read it. Some blah-blah on Facebook can be added. Oh and before I forget, not a single aircraft, not a single flight ever done.
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Post by fanairbus on Feb 14, 2020 10:19:29 GMT 1
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Feb 14, 2020 10:57:56 GMT 1
Airbus is pushing back the estimate for A220 programme break-even to the middle of the current decade, several years later than the 2020 timeline for which Bombardier had been aiming. Break even in 2020 was Bombardier's dream (or, rather, its spin). It was never going to happen at the current production pace. Mid-decade is consistent with Airbus' ramp-up plans, and I see that forecast as good news for the programme.
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Post by bmw801 on Feb 21, 2020 1:51:07 GMT 1
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Post by addasih on Feb 21, 2020 3:14:53 GMT 1
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