Monday, January 25, 2010

Airbus and Boeing opposing Bombardier – Suppliers Share Wrap

Airbus and Boeing, which still have the ongoing determinations from the World Trade Organization hanging over them, will reportedly oppose Bombardier's use of export-financing arrangements for its new CSeries regional jet, according to a report in the Wall Street Journal.
The new aircraft will transport up to 150 passengers, bringing Bombardier into direct competition with the larger manufacturers' narrowbodies. Bombardier’s financing agreement for the aircraft with the Canadian Government will take advantage of terms only permitted for smaller regional jets, which Airbus and Boeing oppose, as they are unable to access similar terms......