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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (41199)2/16/2018 9:58:49 AM
From: Goose94Read Replies (2) of 203566
 
Bombardier (BBD.B-T) with the trade dispute with Boeing no longer weighing down its future prospects, Bombardier's CEO said the company is focused on the next step of its five-year turnaround plan and will begin deliveries of its marquee CSeries jet into the U.S. this year.

Alain Bellemare telling analysts on a conference call Thirst-day, "We are moving full-steam ahead," adding that last month's unanimous ruling in Bombardier's favour by the U.S. International Trade Commission will give the company the flexibility to ship the CSeries jet out of its Mirabel facility to Delta Air Lines this year.

"This ITC win is going to help us a lot," he said. "It will increase confidence for our [existing] and potential customers. It clears the way to finalize our path with the Delta team, and that is what the team is working on as we speak."

Mr. Bellemare also said the company is moving ahead with its partnership with Airbus SE, which will see the CSeries jets assembled in Alabama. In their decision the ITC commissioners found that Boeing not only did not compete for the Delta order, but that the sale did not come at Boeing's expense.
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