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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (20287)	7/20/2016 9:06:41 AM
From: Goose94	Read Replies (1) of 203321

Bombardier (BBD.B-T) Porter Airlines may not be allowed to fly Bombardier's CSeries jet out of Toronto's downtown airport, but the airline has not ruled out bringing the jet to other Canadian airports. Porter chief executive officer Robert Deluce as saying that his company has been evaluating its future since Transport Minister Marc Garneau tweeted in November that Ottawa would not reopen the tripartite agreement that bans jets from flying out of the Billy Bishop Toronto City Airport. This quashed Mr. Deluce's dream of bringing the CSeries to the airport. Opponents had expressed concerns about noise, although the CSeries has been confirmed as the quietest commercial jet in its class. Porter's existing fleet of Bombardier Q400 turboprops have a maximum range of 2,000 kilometres, and the company had hoped to offer a variety of new destinations out of Toronto using the CSeries. These include Vancouver, California and the Caribbean. Porter still has not walked away from its conditional order, worth as much as $2.08-billion (U.S.) at list prices, for up to 30 CS100 jets from Bombardier. Mr. Deluce said the airline has no debt on its books.

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