Embraer in talks with Brazil about WTO challenge on CSeries

Embraer is in discussions with the Brazilian govt about the possibility of challenging the Québec provincial govt’s US$1b investment in Bombardier’s CSeries program through the World Trade Organisation (WTO), according to Embraer CE Paulo Cesar Silva. Silva reiterated his objection to the govt investment in the CSeries program, in which Québec now has a 49% stake. Silva believes the govt investment played a role in Delta Air Lines choosing the CSeries over an Embraer aircraft when placing a firm order for 75 CS100s earlier this year. “I continue to be very unhappy with this,” Silva said. “We are very worried about the situation because this is causing a huge disruption in the market. We are competing no longer with Bombardier, we are competing with the Canadian govt...It is very unfair.” <br/>
ATW
http://atwonline.com/manufacturers/embraer-talks-brazil-about-wto-challenge-cseries
12/16/16