Bombardier jobs: Boeing accused of 'pure hypocrisy'
Sep 20 2017 by Johnny Bowman
It makes no sense to buy from a company which will put tens of thousands of Canadian aerospace workers out of business, Trudeau said Monday during a press conference in Ottawa with British Prime Minister Theresa May.
Mr. Trudeau said Canada was ready and waiting to trade freely with the United Kingdom, which is the country's biggest export partner in Europe.
Boeing's move started a U.S. Commerce Department investigation that could result in penalties for Bombardier.
Meanwhile, BA extends the rally that has carried shares almost 8% higher since Sept 6, now trading at all-time highs; it is the biggest gainer YTD for the Dow, up 62.5%. He said buying the Super Hornet fighter jets "requires a trusted industry partner".
"Delta ordered the CSeries because Boeing stopped making an aircraft of the size Delta needed years ago", said Bombardier's release.
Boeing has alleged that Bombardier engaged in "price dumping" by agreeing to sell 75 of their planes for nearly $14m (£10.6m) below their cost price. The company is one of the region's largest employers, with a workforce of over 4000 workers.
"Canada knows that we have an important role to play on the world stage and being part of the UN Security Council in 2021 will ensure that an important voice gets heard and resonates around the world", Trudeau said.
Fiat Chrysler recalls 443000 Ram trucks for fire risk
The recall also applies to more than 46,000 vehicles in Canada and another 4,500 outside of North America. The water pump may activate a warning light in the instrument cluster if the bearing becomes compromised.
But despite the promise of deeper global engagement, Trudeau has remained elusive on his pledge to deploy Canadian peacekeepers to one of the numerous world's troubled spots even as Canada prepares to host the UN Peacekeeping Defence Ministerial forum in Vancouver in November.
The Canadian government said late last year it would enter into discussions on buying 18 Super Hornet jet fighters from Boeing on an interim basis and hold an open competition to buy more planes over the next five years.
The Canada-EU deal, which eliminates 98% of Canadian import duties is a significant boon for British exporters, said No 10, as it announced plans for a new joint working group to work on the bilateral deal post Brexit. It accused its rival Bombardier of selling its CSeries passenger jets to a US airline at an unfairly low price with help from government subsidies, and said the case affected its long-term economic health.
A first ruling by the U.S. International Trade Commission is expected on September 25.
The Chicago-based planemaker launched its dispute against Canadian rival Bombardier earlier this year, alleging the Canadian government is illegally subsidizing Bombardier's C Series commercial airliner program and that the planes are being sold in the U.S.at "absurdly low" prices.
The UK and Canadian government have been trying to pressure Boeing to withdraw its complaint. The visit was about "looking ahead to our bright future" and both nations shared "ambitions to lead on the world stage and progressive values", including free trade and respect for worldwide law, May said.
Bombardier added its voice to the debate in a statement on its website entitled, "Boeing's Hypocrisy".