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Boeing CEO attacks Canadian rival claiming they destroyed the market for its planes [The Business Insider]

BOEING (BA)  More Company Research Source: The Business Insider
Last boeing earnings: 4/25 07:30 am Check Earnings Report
PDF Boeing CEO attacks Canadian rival claiming they destroyed the market for its planes Boeing Commercial Airplanes CEO Kevin McAllister. REUTERS/Pascal Rossignol Boeing Commercial Airplanes CEO Kevin McAllister testified before the International Trade Commission on Bombardier's sale of 75 C Series airliners to Delta Air Lines in 2016. The ITC is gathering testimony ahead of its ruling on whether or not to make the Department of Commerce's proposed 299.45% tariff on Bombardier C Series jet bound for the US into effect. The Seattle-based airplane maker has accused its Canadian rivals of using government subsidies to prop up unseasonably low prices. "Subsidized competitors don’t face the same market realities we do. Our fortunes rise or fall based on the business decisions we make. There’s no one there to bail us out if we misstep," McAllister said. "But because of its massive government subsidies, Bombardier doesn’t have to worry about these market realities. It used those subsidi [Read more]

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