Boeing Says Bombardier dumping puts new 737 planes in jeopardy

Boeing warned that its 737 Max 7 passenger jet may not survive if Bombardier continues to sell planes in the US below fair-market value. “Our Max 7 is at extreme risk,” Kevin McAllister, CE of Boeing Commercial Airplanes, told a panel at the US International Trade Commission Monday. “If you don’t level the playing field now, it will be too late.” The Max 7 is the smallest of Boeing’s upgraded 737 airplanes. The company has accused Bombardier of dumping its narrow-body C Series jet, which in some configurations can carry a similar passenger load, on the US market at below-market prices and taking unfair subsidies from the Canadian and Quebec govts. The ITC, a quasi-judicial body, is hearing arguments in the case and is expected to give its final ruling next month. <br/>
Bloomberg
https://www.bloomberg.com/news/articles/2017-12-18/canada-says-win-for-boeing-in-trade-case-would-upend-industry?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo
12/18/17