Statement on Commerce Department Countervailing Duties Preliminary Decision
(Thomson Reuters ONE) -
Bombardier Inc. /
Statement on Commerce Department Countervailing Duties Preliminary Decision
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The issuer is solely responsible for the content of this announcement.
MONTREAL, QUEBEC--(Marketwired - Sep 26, 2017) -
(TSX:BBD.A)(TSX:BBD.B)(OTCQX:BDRBF) - "We strongly disagree with the Commerce
Department's preliminary decision. The magnitude of the proposed duty is absurd
and divorced from the reality about the financing of multibillion-dollar
aircraft programs. This result underscores what we have been saying for months:
the U.S. trade laws were never intended to be used in this manner, and Boeing is
seeking to use a skewed process to stifle competition and prevent U.S. airlines
and their passengers from benefiting from the C Series.
The simple truth is that Bombardier created a superior aircraft that is more
efficient, more comfortable, and quieter. The C Series serves a market segment
not supported by any U.S. manufacturer. Delta wants to bring this remarkable new
aircraft to the U.S. flying public. Boeing wants to prevent U.S. passengers from
realizing these benefits, irrespective of the harm that it would cause to the
U.S. aerospace industry and the cost to airlines and consumers.
Looking beyond today's and next month's preliminary decisions, the International
Trade Commission will determine next year whether Boeing suffered any injury
from the C Series. Because Boeing did not compete at Delta and because Boeing
years ago abandoned the market the C Series serves, there is no harm.
There is wide consensus within the industry on this point, as well as a growing
chorus of voices, including airlines, consumer groups, trade experts, and many
others who have come forward to express grave concerns with Boeing's attempt to
force U.S. airlines to buy less efficient planes with configurations they do not
want and economics that do not deliver value.
The U.S. government should reject Boeing's attempt to unfairly tilt the playing
field in its favor and to impose an indirect tax on the flying public through
unjustified import tariffs."
About Bombardier
Bombardier is the world's leading manufacturer of both planes and trains.
Looking far ahead while delivering today, Bombardier is evolving mobility
worldwide by answering the call for more efficient, sustainable and enjoyable
transportation everywhere. Our vehicles, services and, most of all, our
employees are what make us a global leader in transportation.
Bombardier is headquartered in Montréal, Canada and our shares are traded on the
Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2016, we
posted revenues of $16.3 billion. News and information are available at
bombardier.com or follow us on Twitter (at)Bombardier.
Bombardier and C Series are trademarks of Bombardier Inc. or its subsidiaries.
Simon Letendre
Senior Advisor, Media Relations and Public Affairs
Bombardier Inc.
+514 861 9481
Patrick Ghoche
Vice President, Investor Relations
Bombardier Inc.
+514 861 5727
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Bombardier Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 27.09.2017 - 02:09 Uhr
Sprache: Deutsch
News-ID 561404
Anzahl Zeichen: 3809
contact information:
Town:
West Montreal, QC
Kategorie:
Business News
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