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Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BDRPF | T.BBD.PR.B | BDRXF | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRAF | T.BBD.B | BDRBF

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Bullboard Posts
Post by sbot1915on Sep 18, 2017 2:22pm
143 Views
Post# 26710069

Well, looks like Boeing will not get military purchase ...

Well, looks like Boeing will not get military purchase ...I like what Trudeau says here:


We won't do business with a company that's trying to sue us," Trudeau said of 
Canada's potential purchase of Boeing fighter jets

Rest of CBC article here:


Canada's free trade deal with the European Union will form the basis for a swift transition to a post-Brexit trading relationship between Canada and the U.K., Prime Minister Justin Trudeau and his British counterpart Theresa May suggested Monday.

Trudeau and May spoke to reporters after a late-morning meeting on Parliament Hill, where a dispute between Montreal-based Bombardier and U.S. aerospace giant Boeing was also on the agenda.

The two leaders told reporters they agreed to a smooth transition of the Comprehensive Economic and Trade Agreement (CETA) between the European Union and Canada after the U.K. leaves the EU and is no longer a party to that agreement.

May said her government will be putting together a "working group" with Canada on a new trade deal, with CETA as the basis.

"We believe it makes sense to take the trade agreements the U.K. is part of as part of the European Union with Canada and say that's the basis, at the point we leave, for a bilateral relationship between the U.K. and Canada," she said.

"Of course, over time, it would then be possible if we chose to change the details of that relationship to do so."

May said the U.K. has already discussed this with the EU.

Politics News
Trudeau and May discuss trade post-Brexit
00:00 01:18
   
 

Trudeau and May discuss trade post-Brexit1:18

Trudeau agreed there could be changes to shape this new deal and make it particular to the relationship between Canada and the U.K. after the initial post-Brexit transition.

"We will be able to move forward in a smooth transition that keeps the essence of CETA applicable to the U.K. in ways that respect the EU's requirements and rules," he said.

CETA officially comes into effect on Thursday.

Boeing dispute could affect jet purchase

The two leaders also discussed their joint interest in resolving the aerospace trade dispute, in which Boeing alleges Canadian government subsidies to Bombardier led to a deal to sell 75 jets to Delta Airlines for a lower price.

Bombardier is both a major Canadian company and a significant employer in Northern Ireland, with 5,000 workers in Belfast making up about 10 per cent of the area's manufacturing jobs.

Foreign Affairs Minister Chrystia Freeland said last week the two countries are working together on the issue to protect jobs in both countries, while May talked to U.S. President Donald Trump about the issue last month.

May said Monday she'll reiterate Bombardier's importance to Northern Ireland to Trump later this week.

Trudeau said Canada will continue to stand up for jobs against "unwarranted actions" by Boeing that are in its own "narrow interest," not the principle of open trade.

"We won't do business with a company that's trying to sue us," Trudeau said of Canada's potential purchase of Boeing fighter jets

Politics News
Trudeau issues ultimatum to Boeing on Super Hornets
00:00 00:42
   
 

Trudeau issues ultimatum to Boeing on Super Hornets0:42

A preliminary decision from the U.S. Commerce Department on the dispute is expected next week. The final decision, which is still months away, could include financial penalties.

The two leaders are visiting an Ottawa high school this afternoon for an event linked to the Invictus Games for wounded military veterans that starts this weekend in Toronto.

Trudeau will also go to the first Question Period in the House of Commons since the summer break, while May has set up a business roundtable with "major Canadian investors into the U.K." including the CEOs of SNC Lavelin, the Royal Bank of Canada and Bombardier.

The two prime ministers are having a working dinner tonight.

Bullboard Posts