Friday, January 26, 2018

Amazing Stories!

The U.S. Government acted in a rational manner - read all about it! On September 26 last year I wrote about the U.S. Commerce Department buying Boeing's specious argument that Canada's Bombardier had engaged in unfair trade practices by underpricing its new C100 jets in the U.S. market, of which Delta had just ordered 75. Not likely since Boeing had no models exisiting or planned in the the same size. Nevertheless, the Commerce Department sided with Boeing and dropped the hammer with a 300% tariff on the airliner. But wait!

The Commerce Department, however, merely makes recommendations to the U.S. International Trade Commission and that august body, in a surprise move, just ruled 4-0 against the recommendation and for Bombardier. It is almost too much to bear seeing a common sense decision coming out of DC. 

In the meantime, Delta got its revenge by placing a massive order for replacement big jets with Airbus instead of Boeing and now will get the C100s to boot. You would think Boeing would understand that it really hurts when you shoot yourself in the foot. 

No comments:

Post a Comment