Bombardier factory

[JohnD]

Bombardier puts Belfast aerospace business up for sale



"Bombardier, the Canadian-based aerospace and rail manufacturer, is planning to sell its operations in Northern Ireland.

The decision to dispose of the Belfast-based aerostructures business comes at a sensitive time, as the UK government continues to struggle with Brexit, in large part due to the impact of the planned departure from the EU on Northern Ireland.

Bombardier is the province’s biggest employer with a workforce of about 4,500 and has previously warned of “serious consequences” from a hard Brexit for its operations in Belfast."

 

[JohnD]

 

[Ihavenojob]

Bombardier puts Belfast aerospace business up for sale



"Bombardier, the Canadian-based aerospace and rail manufacturer, is planning to sell its operations in Northern Ireland.

The decision to dispose of the Belfast-based aerostructures business comes at a sensitive time, as the UK government continues to struggle with Brexit, in large part due to the impact of the planned departure from the EU on Northern Ireland.

Bombardier is the province’s biggest employer with a workforce of about 4,500 and has previously warned of “serious consequences” from a hard Brexit for its operations in Belfast."

They're in a bit of trouble, profits warnings, avoiding bankruptcy , flogging off parts of the company for a while, I doubt this will be the last sell off.

 

[SirGalahad]

https://www.bombardier.com/en/media...h-quarter-and-full-year-20.bombardiercom.html

• EBIT before special items(1) up 42% year-over-year to more than $1.0B on revenues of $16.2B for the year; EBIT increased 235% year-over-year to $1.0B
• 2018 EBIT margin before special items(1) up 180 bps year-over-year to 6.3%; EBIT margin of 6.2%
• Full year free cash flow(1) of $182M, comprising proceeds from certain transactions, including $1.0B of cash generation in the fourth quarter; full year cash flows from operating activities of $597M
• Strong backlog growth at Business Aircraft and Transportation, with full year book-to-bill ratios(2) of 1.1 at both segments, and a consolidated backlog of $53.1B
• 2019 guidance affirmed, clear path to achieve 2020 objectives

Bombardier (TSX: BBD.B) today reported its fourth quarter and full year 2018 results, highlighting solid margin growth, improved cash flows and continued progress executing its turnaround plan. The successful entry-into-service of the Global 7500 business jet in the fourth quarter also marked the completion of Bombardier’s heavy investment cycle, a key milestone in the company’s turnaround plan.

 

[durhamplumber]

View attachment 163635

How true.....when it happens.

 

[durhamplumber]

Bombardier is the province’s biggest employer with a workforce of about 4,500 and has previously warned of “serious consequences” from a hard Brexit for its operations in Belfast."

Good job not happened yet then!...Cannot blame hard brexit

 

[ban-all-sheds]

If in their best judgement the directors believe that we are headed for an EU exit which will damage their business they are legally bound to take steps to minimise that damage.

 

[JohnD]

If in their best judgement the directors believe that we are headed for an EU exit which will damage their business they are legally bound to take steps to minimise that damage.

Even Rice-Pudd set up a business in Ireland so he could continue to trade within the EU.

 

[SammyInnit]

Is it because of Brexit they're selling the Morocco operation too?

 

[noseall]

Is it because of Brexit they're selling the Morocco operation too?

Correct.

 

[durhamplumber]

Is it because of Brexit they're selling the Morocco operation too?

The end of the world in a few billion years will be brexit's fault!!

 

[Notch7]

The end of the world in a few billion years will be brexit's fault!!

Politicians will be blaming Brexit for decades.

 

[durhamplumber]

Politicians will be blaming Brexit for decades.

And the remainers on here

 

[SammyInnit]

Correct.

 

[ellal]

Politicians will be blaming Brexit for decades.

Quitters will be blaming remainers and the EU when it all goes tits up!

Remainers will simply be saying 'we told you so'