PPRuNe Forums - View Single Post - US Dept of Commerce slaps 220% tax on Bombardier c series
Old 22nd Oct 2017, 13:13
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Airbubba
 
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Looks like Airbus is having its usual problems with corruption, that may not help according to this article from Canadian news organization Thompson Reuters:

OCTOBER 22, 2017 / 8:09 AM

Airbus turmoil overshadows bid to rescue CSeries

Tim Hepher

PARIS (Reuters) - Airbus’s (AIR.PA) coup in buying a $6 billion Canadian jetliner project for a dollar stunned investors and took the spotlight off a growing ethics row last week, but internal disarray has raised questions over how smoothly it can implement the deal.

The European planemaker secured the deal for Bombardier’s (BBDb.TO) CSeries program by pledging to throw its marketing might behind the loss-making jets, just as the Airbus sales machine reels from falling sales and internal and external corruption investigations.

Chief Executive Tom Enders has urged staff to keep calm in the face of French reports describing payments to intermediaries and growing concern over fallout from the investigations.

But the mood at the group’s Toulouse offices remains grim.

“Bombardier asked for an ambulance and Airbus sent a hearse,” said one person with close ties to the company.

In the first nine months of the year Airbus accounted for only 35 percent of global jet sales in its head-to-head battle with U.S. rival Boeing (BA.N).

The Airbus sales operation is demoralized and in disarray, multiple aerospace and airline industry sources said, with some blaming Enders for turning the company against itself.
Hopefully the Canadian taxpayers will continue to bail out Bombardier as they have in the past. They lose money on every plane but make up for it with volume, right?
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