Apparently, the billions Bombardier has been given by Canadian taxpayers still isn’t enough.
Despite receiving billions of dollars from Canadian taxpayers over the years – most recently $372.5 million given by Trudeau – Bombardier’s failed executives gifted themselves massive bonuses and shipped Canadian jobs to other countries including China and Mexico.
As if that wasn’t enough, now the Trudeau government is giving them even more.
According to a report by the Financial Tribune, the federal government“will provide $100 million in finance for a deal between Montreal-based multinational aerospace and transportation company, Bombardier Inc., and Iran’s Qeshm Free Zone Organization for purchasing 10 passenger planes, the FTZ’s chief executive, Hamidreza Momeni, has said.”
Reportedly, the $100 million will finance 80% of the deal.
A horrible use of taxpayer money
It is absolutely outrageous that Bombardier is being given yet more taxpayer money – and given their record of surviving only through taxpayer bailouts there’s no reason to think Canadians will see a benefit from this.
How is it possible that the billions they have already been given isn’t enough to have financed this deal?