Post by
mnztr on Mar 18, 2022 12:59pm
How much of Bombardiers clientele is Russian?
I wonder what the business impact will be. Now many fewer Vistajet and Netjet flights etc will there be and will any orders be differred. I am saying fuel costs will have NO IMPACT even if oil hits $300 as these clients are just in a differnt snack bracket and fuel is a rounding error in private jet cost. One Russian Oligarch has an A340 as his personal jet lol.
Comment by
stockitnow on Mar 18, 2022 5:45pm
I think someone had asked this question on the last Quarter call. Bombardier said it was 6% and those could be easily reassign to other customers as customization of the aircraft hasn't been done for the Russian client's yet.
Comment by
flamingogold on Mar 18, 2022 6:04pm
Anyone selling from this ban on Russian clients which is only 6% of their total and easily filled by the enormous backlog is a victim of the fear. The stock sold off 33% from it's recent plateau at $1.75 which was already 33% down from it's recent highs. A double 33% move down. Oversold period