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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

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Comment by justbull4uon Jan 24, 2018 2:04pm
165 Views
Post# 27425341

RE:US Kangaroo court slams door on Bomber petition!

RE:US Kangaroo court slams door on Bomber petition!More like alligators in the swamp...


vonSachsenanhal wrote:

The U.S. International Trade Commission (ITC) has rejected a last-minute application by Bombardier Inc. to reopen the investigation case record in the Canadian plane maker's trade dispute with Boeing Co.

Simon Letendre, a spokesman for Bombardier, confirmed the information Wednesday.

The decision means the ITC will proceed to a vote on the case and not weigh any new material, as Bombardier had hoped. The vote, originally scheduled for Thursday, is now expected to be held Friday afternoon with the results made public soon afterward. The delay was caused by the U.S. government shutdown earlier this week.

 

The ITC will rule whether to uphold duties imposed by the U.S. Department of Commerce last year of nearly 300 per cent on Bombardier C Series airplanes imported into the United States. Boeing Co. asked for the duties, alleging that Bombardier used unfair government subsidies to clinch an important contract for 75 C Series planes to Atlanta-based Delta Air Lines at "absurdly low" sales prices.

In making its ruling, the ITC will have to decide whether Boeing suffered material harm from Bombardier's actions.

 

Bombardier has said there was no such harm because Boeing did not offer Delta any planes of its own in the sales competition and enjoys a massive backlog of orders. Boeing has said its 737 Max 7 jet might not survive if Bombardier continues to sell planes below fair market value.

Bombardier on Tuesday made a last-minute request to the ITC to consider Brazilian plane maker Embraer SA's new E190-E2 as a competing aircraft in the case after Embraer said in recent days it had improved the plane's range to 2,900 nautical miles.

In the scope of its investigation, the ITC considered only 100 to 150-seat jets with a range of 2,900 nautical miles or more as competitors to Boeing's 737 single-aisle aircraft. The C Series was included in the scope but the Embraer planes were not because they were said to have a shorter range.

Boeing is pursuing talks with Embraer about a possible takeover.

"Throughout this case, Boeing's claims have been disingenuous, starting with its demand that the U.S. government ignore Embraer's role in the market while it secretly sought to buy Embraer," Bombardier spokesman Mike Nadolski said in a statement Tuesday. Embraer's new disclosure "eviscerates the premise of Boeing's case," he said.




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