Clouds overhang Bombardier ahead of earnings call

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Introduction
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.
Summary
  • 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.

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