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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 Flintsparkon Sep 28, 2017 10:30am
127 Views
Post# 26753244

'Nothing able to compete’: Air Baltic’s CEO praises CSeries

'Nothing able to compete’: Air Baltic’s CEO praises CSeries

'Nothing able to compete’: Air Baltic’s CEO praises CSeries


'Nothing able to compete’: Air Baltic’s CEO praises CSeries

Air Baltic’s CEO says there’s “very deep interest” in Bombardier’s CSeries jets and expects an uptick in global demand for the aircraft, despite the U.S. Department of Commerce’s preliminary decision to slap a 220-per-cent-tariff on CSeries imports.

Martin Gauss, the CEO of Air Baltic, a low-cost Latvian airline, told BNN he has spoken to “a lot more than 10” airlines that have shown interest in the jets.    

Gauss said his company plans to buy 14 more jets, adding to its existing order for 20 CSeries, and hopes to close the contract “in the near future.”
“The aircraft is overperforming compared to what it was supposed to do,” Gauss said in an interview Thursday.

“There is nothing able to compete with that aircraft on the economics if we are talking about that size of aircraft.”  

Gauss said the U.S. ruling doesn’t change the fact that the CSeries is “the most economic aircraft” in its class.   

“We will benefit from it. It has nothing to do with some ruling of some commission somewhere,” he said, in reference to the U.S. Commerce Department. “We are very happy with the aircraft.”
 

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