Clouds overhang Bombardier ahead of earnings call
Nov. 9, 2016, © Leeham Co.: Bombardier reports its 3Q2016 and nine month earnings Thursday and as the year prepares to enter its last 45 days, disappointment hangs over the company and the stock.
- Despite winning firm orders for the CSeries from Air Canada and Delta Air Lines early in the year, no other new orders have been announced.
- Deliveries of the CSeries will only be about half those projected, due to engine delivery delays from Pratt & Whitney.
- The $1bn investment from the federal Canadian government hasn’t been achieved, but an announcement may come as early as next week that an agreement has been reached.
- Boeing revised the design of the 737-7 to sit “right on top of” the CS300.
- Embraer (Brazil) is taking the government bailout of CSeries to the World Trade Organization (WTO) in inquiries, with the USA lending support.
To read the rest of the article Login or Subscribe today.
Category: Airbus, Boeing, Bombardier, CSeries, Delta Air Lines, Embraer, Irkut, Mitsubishi, Pratt & Whitney, Premium
Tags: 737-7, 737-700, A319, Air Canada, Airbus, Boeing, Bombardier, CS300, CS500, Delta Air Lines, Embraer, Irkut, Mitsubishi, Pratt & Whitney