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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (46434)	7/18/2018 7:30:05 AM
From: Goose94	Read Replies (1) of 203506

Bombardier (BBD.B-T) Airbus bet looks like it is paying off. 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"

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