RE:Here's what mattersnordico been pumping iag. he sold i bet
jamesb14 wrote: Bombardier dropped today because Willy Walsh said IAG is currently not interested in the series and the rumours weren't true. It's too bad but it's not the end of the world. Here's what matters more.
1. The second global 7000 is being built and the program is progressing quickly, at a time when the business aircraft market is starting to recover.
2. A new aircraft program will be announced within the next 6 months and as the global 7000 program winds down they will turn all the engineering expertise they've amassed through two stellar product development efforts over to the new plane - likely the cs500.
3. Cash flow is improving in all divisions and we should be cash flow neutral this year.
4. The rail division is doing great, with over 1 book to bill ratio and margins approaching 8%.
British Airways would have been nice but it's not like they were choosing between the carries and e-jet. The reality was that the rumour was false. From what Willy Walsh was saying this morning, Bombardier and IAG weren't even talking. There are real discussions that are ongoing that will materialize this year.