Bombardier Stock: This Is More Bad News for Bombardier Inc. More bad news from Bombardier, Inc. (TSE:BBD.B) this week. Bombardier stock was stabbed in the back twice from its Canadian peer—WestJet Airlines Ltd.(TSE:WJA).
The top executive of the Alberta-based airliner, while discussing his company’s fortunes with the press this week, downplayed Bombardier’s 100–150-seat “C Series” for the Canadian market.
“It’s too small,” WestJet CEO Gregg Saretsky said of the already ill-fated aircraft. “Both ourselves and Air Canada are buying bigger and bigger jets for domestic flights.”
He made the remarks in an editorial board meeting with the Financial Post on Tuesday. It was not a slip of the tongue, as he repeated his views in another editorial board meeting with The Globe and Mail the same day.
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