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https://en.wikipedia.org/wiki/Bombardier_Aviation https://en.wikipedia.org/wiki/Bombardier_Aviation >On 28 April 2016, Bombardier Aerospace, a division of Bomb
by rozab 3y ago
https://en.wikipedia.org/wiki/Bombardier_Aviation https://en.wikipedia.org/wiki/Bombardier_Aviation
>On 28 April 2016, Bombardier Aerospace, a division of Bombardier Inc., recorded a firm order from Delta Air Lines for 75 CSeries CS100s plus 50 options. On 27 April 2017, The Boeing Company filed a petition for dumping them at $19.6m each, below their $33.2m production cost.
>On 26 September, after lobbying by Boeing, the US Department of Commerce (DoC) alleged subsidies of 220% and intended to collect deposits accordingly, plus a preliminary 80% anti-dumping duty, resulting in a duty of 300%. The DoC announced its final ruling, a total duty of 292%, on 20 December, hailing it as an affirmation of the "America First" policy.
>In October 2017, as a direct result of the tariffs and mounting financial issues, Bombardier was forced by the American government into an agreement to relinquish 50.01% of its stake in the CSeries program to Airbus for a token CAD$1, and would produce CSeries aircraft in the United States.
>In 2020, amid mounting debts, Bombardier sold its remaining A220 stake to Airbus and exited the commercial plane business.
Boeing will be fine.
- edgyquant 3y agoSubsidies don’t help when people are afraid of your planes
- eastbound 3y agoAnd when your procedures are lenient and reviews are so frivolous that everyone knows that your planes routinely crash.
- t0mas88 3y agoI think Boeing miscalculated that one, because in the end Airbus ended up with the A220 program which is great for them.