Quote:
Originally Posted by KelVarnsen
So the US helping out Lockheed Martin is ok, but Canada helping out Air Canada isn't....
|
Plus if they did for example, it would make more sense. First and foremost Lockheed Martin could be considered to be a solid investment even with the F35 problems, They were profitable last year. They have 126,000 employees currently as well, they provide the U.S. government with a lot of their high tech Military equipment and munitions. I don't recall them every requiring bailouts before but I could be wrong on that.
On the other hand Air Canada is a badly run organization with an inept and greedy management team that sucks money out of that organization, they have severe union problems, they're not offering a unique service anymore and it could be argued that their competitor is doing a far better job then Air Canada.
Lockheed Martin is completely different. However they did roll a major risk with the F35 program, and the potential loss of international deals for the F35 and also the possible internal reduction on the U.S. order for the F35 could severely impact the company.
Its also more then likely that the American government could actually see a return on investment with Lockheed Martin, whereas with Air Canada they would take that check, turn it into a bunch of bonus checks, then what's left of that would go to appease the Unions. and then go crying back to the government with thier hands held out.
If your asking hypothetically which is what I'm arguing. Lockheed Martin would more then likely not be a bad company for the American govenrment to work with to protect that contract from a defense concept and from a possibility of getting paid back on that investment. Air Canada would not be.
But the American Government probably shouldn't try to bail out Air Canada.