Bombardier Inc. T.BBD.A

A question about the 60 jets order?

[zimmee]

Shareholders want to know why the SP fail to climb with this huge order as the share price
should have been by now $6.00?  Anyone has an opinion? Is this transaction real and odd?

 

Globe says Bombardier lands another 60-plane order

2018-07-18 07:25 ET - In the News

 

The Globe and Mail reports in its Wednesday edition that Bombardier's Airbus bet looks like it is paying off. The Globe's Nicolas Van Praet writes that it took Bombardier more than a year to sell its first 100 C Series airliners a decade ago; it took Airbus SE less than three weeks to do the same. On Tuesday, Airbus struck its second major sales agreement in a week for the plane, now rechristened the A220. After announcing a 60-aircraft order from New York's JetBlue, the European plane maker announced a preliminary commitment for another 60 jets from a group of investors planning a new U.S.-based carrier. They are led by David Neeleman, who helped start WestJet. "I'm not surprised" by Airbus's sales speed since taking over the C Series program July 1, said Richard Aboulafia of the Teal Group consultancy. "It was always a good jet. The only problem was customer concern that Bombardier didn't have the financial strength to make it a sustainable business." The order highlights the urgency with which Airbus is working to build up the jetliner's order book. Airbus executives have said they need to "drastically" cut supply chain costs on the A220 to make it viable. Boeing and Brazil's Embraer have also allied.

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