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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (20484)	8/18/2016 8:52:02 AM
From: Goose94	Read Replies (1) of 203260

Bombardier (BBD.B-T) in Britain and a Senate impasse in the United States have virtually eliminated export financing for two of Bombardier's biggest competitors, inadvertently giving Bombardier a leg up as it vies to win orders for its CSeries jet. Different and unrelated reasons, Boeing and Airbus Group have found themselves unable to help their airline customers secure financing from government-backed export credit agencies. In Airbus's case, export credit agencies in the U.K., France and Germany have frozen financing to the aircraft maker's customers because of a criminal probe. The U.K.'s Serious Fraud Office is looking into allegations of fraud, bribery, and corruption in Airbus's civil aviation business related to its use of middlemen to sell aircraft and arrange financing. Meanwhile, Boeing is struggling with a situation entirely out of its control. A 14-month-long Senate impasse over funding to the U.S. export credit agency, the Export-Import Bank, has left the bank unable to approve transactions of more than $10-million (U.S.). Investors yesterday pushed Bombardier up two cents to close at $1.98.

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