U.S. ruling boosts airline confidence in Bombardier's CSeries -Air Lease CEO [Reuters]
Air Lease Corporation Class A (AL)
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Source: Reuters
U.S. ruling boosts airline confidence in Bombardier's CSeries: Air Lease CEO | Reuters 3 Min Read MONTREAL (Reuters) - A recent trade decision allowing Bombardier ( BBDb.TO ) to sell its newest jets in the United States without hefty duties will boost airline confidence in the program, but the Canadian planemaker still faces challenges to win over lessors, Air Lease Corp ( AL.N ) Chief Executive John Plueger said on Wednesday. Bombardier and European planemaker Airbus SE ( AIR.PA ), which plans to take a majority stake in the CSeries this year, still must convince leasing heavyweights that the 110-to-130-seat CSeries jets has a vast enough customer base to preserve their value and competitive pricing to win orders, Plueger. Air Lease Corp is a major leasing firm with about $15 billion in total assets. Last week, the U.S. International Trade Commission handed an unexpected victory to Bombardier against Boeing Co ( BA.N ). ITC commissioners voted 4-0 that Bombardier’s prices did
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Earnings
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Sec Filings
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- 4/5/24 - Form SC
- 4/4/24 - Form DEFA14A
- AL's page on the SEC website