Boeing loses trade case over Bombardier passenger jets

28 January, 2018, 00:54 | Author: Barbara Daniel
  • Boeing battle with Bombardier expected to drag on despite Friday decision

In new documents filed Wednesday, Bombardier said it expects Boeing will likely respond to a loss by filing a new petition once there is a new USA order for the C Series.

THE SURPRISE but nonetheless welcome decision by the US International Trade Commission not to impose near 300 per cent tariffs on the Bombardier C-Series jet will be widely welcomed here. The ITC consequently shot down the U.S. aerospace giant's pleas for 300% duties against Bombardier, a measure that received the backing of the U.S. Commerce Department last month.

British Prime Minister Theresa May on Friday welcomed Bombardier's BBBd.TO unexpected trade victory against USA planemaker Boeing Co (BA.N) as good news for British industry.

In a bend, be that as it may, last October, European aviation monster Airbus, Boeing's main adversary, said it would take a larger part stake in the C Series program and said the planes could be produced in Alabama, where Airbus as of now makes narrowbody planes.

The U.S. Department of Commerce agreed with Boeing and imposed the duties.

But the ITC on Friday nullified that decision on a 4-0 vote, ruling that a US industry would not be "materially injured or threatened with material injury" by imports of the Bombardier planes.

Delta, the second-largest USA airline, has been stuck in the middle of the dispute.

Boeing officials have said they tried to resolve their concerns diplomatically before Trump took office, to little success.

Politicians and union leaders have welcomed a ruling which stops the USA imposing huge 292 per cent import tariffs on planes partly made by British workers.

The Boeing complaint aggravated increasingly tense trade relations between the US and Canada. Bombardier contended that Boeing did not have a tantamount plane to offer Delta.

"In these hard times for global trade negotiations, this decision acts as a balm for worldwide relations, as well as for the entire Canadian and Quebecois aerospace industry", Yves-Thomas Dorval, the president and CEO of the employer's group said in a statement.

Boeing's failure to prove the "threat of harm" is a major setback both for the company and the 737-700 and MAX 7 products.

Bombardier shares spiked 19 per cent on the news to $3.67. The C Series is the most innovative and efficient new aircraft in a generation. In its statement, Bombardier underlined that the aircraft's construction "development and production represent thousands of jobs in the United States, Canada, and the United Kingdom".

"But we must not be complacent - the Trump administration has shown it wants to shut down Britain's ability to support good jobs in strategic industries". "The C-Series is now ready for take-off". With this matter behind us, we are moving full speed ahead with finalising our partnership with Airbus.

In key testimony before the ITC a year ago, Greg May, senior vice president of fleet and supply-chain management at Delta, said, "It would be wrong to suggest that Boeing lost sales to Delta because we purchased the CS100".

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