'We are not going to pay any tariff,' Delta CEO says of CSeries planes
Airline says it still wants to buy the planes — expects tariffs will not hold up on appeal
By Pete Evans, CBC News Posted: Oct 11, 2017 11:52 AM ET698 Comments
Mike Crow
Why is Boeing even doing this?
It wasn't that Boeing lost the bid, they had ZERO aircraft that matched what Delta wanted.
It wasn't that Boeing lost the bid, they had ZERO aircraft that matched what Delta wanted.
Content disabled.
David Raymond Amos
@Mike Crow It appears to me that Delta has some wiseguys at the helm
Methinks Trump and his buddies at Boeing have forgotten that they run a publicly held company and that many Canadians are shareholders.
Greedy Yankees in charge of their military industrial complex wish to forget what Mother Nature dictates "What goes up must come down"
However their own stock markets have proven it time and time again.
In my humble opinion there is a hell of a crash coming in short order and the only ones to profit from the wreckage will be the Banksters as per their MO as the Boardroom Bandits they truly are.
http://money.cnn.com/2017/09/18/investing/boeing-stock-dow-defense-mergers/index.html
Methinks Trump and his buddies at Boeing have forgotten that they run a publicly held company and that many Canadians are shareholders.
Greedy Yankees in charge of their military industrial complex wish to forget what Mother Nature dictates "What goes up must come down"
However their own stock markets have proven it time and time again.
In my humble opinion there is a hell of a crash coming in short order and the only ones to profit from the wreckage will be the Banksters as per their MO as the Boardroom Bandits they truly are.
http://money.cnn.com/2017/09/18/investing/boeing-stock-dow-defense-mergers/index.html
Content disabled.
David Raymond Amos
@David Raymond Amos Oh My My CBC blocking that comment was a rather telling thing Nesy Pas Hubby Lacroix and Minister Joly?
http://money.cnn.com/2017/09/18/investing/boeing-stock-dow-defense-mergers/index.html
Boeing flies high. Dow's top stock up 60% this year
by Paul R. La
Monica @lamonicabuzz
September
18, 2017: 11:40 AM ET
Boeing may be in a bitter battle with rivals Airbus, Bombardier and Embraer for global domination in the sky, but the airline maker and defense giant is the undisputed king of Wall Street this year. Its stock is in the stratosphere.
Shares
of Boeing (BA)
are up more than 60% so far in 2017, making it the top performer in the Dow
Jones Industrial Average by far. Yup, Boeing is even ahead of Apple (AAPL,
Tech30),
which ranks second among Dow stocks with its 38% gain.
Boeing has soared along with other defense companies this year. In
fact, it's a continuation of a surge that began last year.
The
iShares U.S. Aerospace & Defense ETF (ITA),
which has Boeing as its top holding, is up 23% this year. That follows a nearly
20% surge in 2016.
Wall
Street was betting before the U.S. presidential election that a win by either
Hillary Clinton or Donald Trump would be good for defense stocks since both
talked about boosting military spending during the campaign.
Since
Trump's victory, defense stocks have continued to shine. North Korea's nuclear
threats have investors even more interested in the sector. Two recent mergers
are helping to keep the sector firmly on Wall Street's radar as well.
Fellow
Dow component United Technologies (UTX)
announced earlier this month that it planned to buy Rockwell Collins (COL)
for $23 billion. And Northrop Grumman (NOC)
said Monday that it intends to acquire Orbital ATK (OA)
for nearly $8 billion.
Boeing
has expressed some doubts about the United Technologies-Rockwell Collins merger
plan since that deal would unite two key Boeing suppliers and potentially lead
to higher prices on some aircraft parts.
But
the deal also shows the intense interest among aerospace and defense companies
to find merger partners and take advantage of booming demand in the industry.
And
Wall Street loves merger activity, which tends to boost stock prices as
investors bet on who might be next to get bought.
Boeing,
with a market value of about $150 billion and annual sales of more than $90
billion, is more likely acquirer than takeover target of course.
Still,
investors are clearly betting that Boeing may not need to buy any of its rivals
to stay on top. Orders are coming in for Boeing's new 737 MAX and 787 (aka
Dreamliner) commercial jets.
On
the defense side, Boeing continues to see demand for its Apache helicopters as
well as its missile defense systems.
The
combination of Boeing's commercial and military clout is a key reason why
analysts expect profits to rise nearly 40% this year and grow at an annual rate
of almost 20%, on average, for the next few years.
So
it's no wonder why Boeing stock is flying so high.
CNNMoney (New York) First published September
18, 2017: 11:31 AM ET
Most stock quote data
provided by BATS. Market indices are shown in real time, except for the DJIA,
which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: ©
2017Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems
Inc. 2017. All rights reserved. Chicago Mercantile Association: Certain market
data is the property of Chicago Mercantile Exchange Inc. and its licensors. All
rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to
and are calculated, distributed and marketed by DJI Opco, a subsidiary of
S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco,
LLC and CNN. Standard & Poor's and S&P are registered trademarks of
Standard & Poor's Financial Services LLC and Dow Jones is a registered
trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones
branded indices © S&P Dow Jones Indices LLC 2017and/or its affiliates.
© 2017Cable News
Network. A Time Warner Company. All Rights Reserved. Terms under which this
service is provided to you. Privacy Policy.
'We are not going to pay any tariff,' Delta CEO says of CSeries planes
Airline says it still wants to buy the planes — expects tariffs will not hold up on appeal
By Pete Evans, CBC News Posted: Oct 11, 2017 11:52 AM ET
The U.S. government recently slapped preliminary duties
totalling more than 300 per cent of the price for Bombardier's CSeries
jets sold south of the border. (Ryan Remiorz/Canadian Press)
The head of Delta Air Lines says his company does not expect
to pay any tariffs related to its purchase of CSeries jets from
Montreal-based Bombardier, but expects to complete the order as planned.
Speaking with analysts and reporters on a conference call to discuss the airline's quarterly results on Wednesday, Ed Bastian was asked about two recent U.S. rulings that slapped punitive tariffs adding up to more than 300 per cent on the company's recent purchase of up to 125 CSeries jets.
The Department of Commerce recently slapped a 220 per cent countervaling duty on the jets and an 80 per cent anti-dumping duty after American plane maker Boeing Co. complained about being unfairly disadvantaged by the deal.
Bombardier is appealing both rulings and the governments of Canada and the United Kingdom are both threatening retaliation in the matter, and the airline's CEO expressed confidence that the tariffs won't come to pass, one way or the other.
'We are not going to pay any tariff, and we do expect to take the airplanes," Bastian said.
Bastian said he thinks Boeing's argument is without merit, because both tariffs are based on the notion that Boeing suffered financial harm because of Bombardier's actions.
"In our opinion it is very difficult for Boeing or any U.S. manufacturer to claim harm with a product we purchased that they don't offer," Bastian said of the CSeries jets, the smallest of which is a 108-seater. Boeing currently doesn't make any planes that small. The closest they had to it, the 717, ceased production a decade ago.
"To us it's unrealistic, a bit nonsensical," he said. "But we are working closely with our partners at Bombardier."
"We will not pay the tariffs that are being discussed or debated," which Bastian stressed were "preliminary."
Speaking with analysts and reporters on a conference call to discuss the airline's quarterly results on Wednesday, Ed Bastian was asked about two recent U.S. rulings that slapped punitive tariffs adding up to more than 300 per cent on the company's recent purchase of up to 125 CSeries jets.
The Department of Commerce recently slapped a 220 per cent countervaling duty on the jets and an 80 per cent anti-dumping duty after American plane maker Boeing Co. complained about being unfairly disadvantaged by the deal.
Bombardier is appealing both rulings and the governments of Canada and the United Kingdom are both threatening retaliation in the matter, and the airline's CEO expressed confidence that the tariffs won't come to pass, one way or the other.
'We are not going to pay any tariff, and we do expect to take the airplanes," Bastian said.
Bastian said he thinks Boeing's argument is without merit, because both tariffs are based on the notion that Boeing suffered financial harm because of Bombardier's actions.
"In our opinion it is very difficult for Boeing or any U.S. manufacturer to claim harm with a product we purchased that they don't offer," Bastian said of the CSeries jets, the smallest of which is a 108-seater. Boeing currently doesn't make any planes that small. The closest they had to it, the 717, ceased production a decade ago.
"To us it's unrealistic, a bit nonsensical," he said. "But we are working closely with our partners at Bombardier."
"We will not pay the tariffs that are being discussed or debated," which Bastian stressed were "preliminary."
Hello,
ReplyDeleteI'm Dr Ogudugu, a real and genuine spell caster/Spiritual healer with years of experience in spell casting and an expert in all spells, i specialize exclusively in LOVE SPELL/GET REUNITE WITH EX LOVER, MONEY SPELL, POWERFUL MAGIC RING, ANY COURT CASES, FRUIT OF THE WOMB, HIV CURE, CURE FOR CANCER, HERPES, DIABETE, HERPERTITIS B, PARKINSON’S HERBAL CURE, BECOMING A MERMAID, BECOMING A VAMPIRE, SAVE CHILD BIRTH. They are all %100 Guaranteed QUICK Results, it most work. If you have any problem and you need a real and genuine spell caster to solve your problems, contact me now through my personal Email Address with problem case...Note-you can also Text/Call on WhatsApp.
Contact me -
Email: greatogudugu@gmail.com
WhatsApp No: +27663492930