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Boeing says Bombardier dumping puts smallest new 737 a risk [MSN Money]

BOEING (BA)  More Company Research Source: MSN Money
Last boeing earnings: 4/25 07:30 am Check Earnings Report
PDF © Bloomberg/Bloomberg   (Bloomberg) -- Boeing Co. warned that its 737 Max 7 passenger jet may not survive if Bombardier Inc. continues to sell aircraft below fair-market value, as the two planemakers square off in a case that’s putting profits and diplomatic ties on the line. Quotes in the article “Our Max 7 is at extreme risk,” Kevin McAllister, the head of Boeing’s commercial airplanes division, told a panel at the U.S. International Trade Commission during a daylong hearing Monday. “If you don’t level the playing field now, it will be too late.” The ITC, a quasi-judicial body that’s expected to issue a final ruling late next month, heard arguments on whether American industry was harmed by Bombardier’s sale of its new C Series jet at what Boeing calls an unfairly low price to Delta Air Lines Inc. Boeing alleges Bombardier can undercut offerings on the U.S. market because of subsidies in Canada. The Max 7 is the smallest of Boeing’s upgrade [Read more]

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