RE: The Gerson expert is back at it againMaher, I agree this guy has a great propensity for exaggeration and enjoys using selective evidence to support his extremely negative biases.
And that kind of BS shouldn't go unchallenged.
In the example of C Series for example, how long Bombardier has been working on this program depends on how you choose to look at it. Since some of the design concepts came from an earlier program which Bombardier called the BRJ-X it isn't completely inaccurate to suggest Bombardier has been working on the design for a long time, however, it is a bit misleading to say that without explaining that the overall design has changed considerably since then.
"So he wants Bombardier not to compete and stay as a niche player in the aerospace market. Good he is just a writter in a second rate site and not a CEO of any company. Imagine if he ran Apple - he would say we should not compete against Microsoft, Dell and others. They will break us. We should remain a niche player and sell Mac computers to graphic designers and other Mac enthusiasts. What a fool."
Yes, this is a position I've heard before. It's common with shareholders of Boeing: "We're so big...how can you dare challenge us?"
Since they don't follow Bombardier they probably don't realize Bombardier competes against a half dozen business jet manufacturers and leads the pack. They might also be forgiven for not realizing Bombardier is the world's largest rail equipent manufacturer or that it has been rated most improved manufacturer for the past five years - two years in a row.
That these guys underestimate their competition is a good thing. If they had a greater appreciation for what they were up against they'd probably be even more aggressively discounting their older, heavier, more polluting, and less fuel-efficient clunkers.
"I have expressed concerns about the aerospace president and his inability to convince buyers, but when an impressive set of customers commit to 90 planes and 90 options, that achievement cannot be belittled no matter what. Furthermore, I do not think a billion dollar worth of airplanes sold at the Air Show is anything to scoff. Over $700 million in Business jets (high margin) and over $200 million in Q400 planes is not a bad ending for the Show. I believe what Gary Scott said that he expects a sale for the C series to be concluded soon. Pratt and whitney confirmed that negotations is ongoing with many customers for the C series and a few are close to the signing phase. "
Well said.