RE:RE:I'll probably be called a basher eventhough I'm not...well... they are not expecting to produce many planes a year until 2020, I think the number is range between 50 and a 100. Would need to confirm that info because it's been a long time since I read this.
The problem is not the quality of the plane... it's the debt they loaded on their shoulders.
And also... we must not forget that until 2020... they are producing the planes at lost, because all the firm orders are discounted (we do not know how much... however a leak is saying Delta is 65%... let say it has a really really good deal... I'm pretty sure SWISS has about at least 40% discount, but that is purely a guess.) The only thing we know is that they said they should start to have a positive cashflow on the CSeries after 2020.. that's what they told us.
We will see... I'm still not a fervant buyer at this level, because I think we can still have another 10-15% correction. At 1.70 I'll feel more comfortable to take a position, I prefer to be careful with this one.