Bombardier wins a court ruling against Boeing
14/3/2018 12:00 am
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Toronto / Nafie Fartousi
The Canadian aircraft maker Bombardier has won a legal ruling in its commercial dispute with the US aviation giant Boeing, while new contracts have been signed that will earn more than two billion and a quarter billion
Dollars. A court ruling issued the International Trade Commission in the United States (USITC) last week ruled in favor of the company "Bombardier" Canadian, after the Commission rejected unanimously by the four members of the complaint made by the "Boeing" last year against "Bombardier", overruling therefore the decision of the US Commerce Department to impose tariffs Compensation and other anti-dumping goods, a total of 292.21 percent on each aircraft "Bombardier" category "C" (CSeries) purchased by an American carrier . In its complaint, Boeing has accused Bombardier of selling Delta Airline 75 US passenger airlines CS100 less than the market price by obtaining illegal Canadian government support that violates the rules of competitiveness.
This victory for Bombardier was a big surprise, and Sara, in Canada, as economists and Canadian officials widely believed that the decision of the International Trade Commission in the United States would be in favor of the US company.
"The decision is a victory for creativity, competition and the rule of law," Bombardier said in a statement issued in the minutes following the decision.
Minutes after the decision was issued, Bombardier shares on the Toronto Stock Exchange rose to $ 3.52, an increase of about 15%, reaching its highest level in three years. Deal with Egypt The commercial aircraft division of Bombardier has signed a firm order with EgyptAir for the sale of 12 CS300 aircraft with the possibility of adding another 12 aircraft of the same model to the order.
The largest Canadian aerospace company and the largest African airline, announced on November 14 at the Dubai Air Salon that a letter of intent had been signed.
According to the stated prices, the confirmed order is valued at US $ 1.1 billion. This amount is expected to double by $ 2.2 billion if Egypt Air chooses to purchase an additional 12 aircraft.
"Egypt Air's acquisition of CSeries is another important moment for Bombardier," said Fred Cromer, head of commercial aircraft at Bombardier.
For his part , Chairman of the Holding Company for "Egypt Air" Safwat Muslim said that the purchase of these aircraft allows the Egyptian company " to open a new airline , " thanks to " the unique qualifications of profitability of the " CSI
Bombardier has announced the sale of six K400 aircraft to Canada's Conair Group, a fire-fighting company. According to Bombardier's price list, the deal is valued at $ 206 million.
The K-400 is equipped with a turbocharger and the six will be converted into tanker aircraft with the necessary modifications to suit Conner's operating environment.
In addition to providing a fire-fighting system, Goods or both, as well as medical evacuations and coastal patrols.
Conner operates in the United States, Europe and Australia, as well as Canada, and is headquartered in Abbotsford, South BC.[/rtl]