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Boeing Denied Bid for Tariffs on Canadian Jets [The New York Times]

BOEING (BA)  More Company Research Source: The New York Times
Last boeing earnings: 4/25 07:30 am Check Earnings Report
PDF Boeing, in its own statement, said it was disappointed and continued to experience “the effects of those unfair business practices in the market every day.” The decision was greeted with relief at the Hotel Bonaventure in downtown Montreal, where negotiators were meeting to hammer out a compromise on renegotiating Nafta. Speaking in the hotel’s lobby, Jerry Diaz, the president of Unifor, the Canadian union that represents Bombardier employees, called the decision “a huge victory for Canadian workers.” He added that it left “a lot of unanswered questions,” including whether Bombardier would continue to pursue a new production line in Alabama, a partnership with Airbus that was announced in October, that might have helped the company avoid paying American duties. In an emailed statement, Simon Letendre, a Bombardier spokesman, said the trade commission’s decision would not affect those plans. In Quebec, the decision was met with equal shares of applause and relief. Bombardi [Read more]

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