In a win for Boeing (BA +0.2%), the U.S. Commerce Department finalizes duties of almost 300% on passenger jets made by Bombardier (OTCQX:BDRAF, OTCQX:BDRBF).
In response to the complaints, the U.S. Department of Commerce levied duties of close to 300% on Bombardier's aircrafts.
But Bombardier argues that Boeing isn't threatened by the sales of the C Series because it doesn't sell an 100-seat airplane to suit the needs of airlines like Delta, which ordered 75 planes in April 2016 to update its fleet.
He also added: "We would urge the US International Trade Commission to do the right thing for fair trade and jobs by finding against Boeing and setting aside the commerce department's determination when it makes its final decision in the New Year". But the panel also appeared dubious about Bombardier's claims that the CSeries and the smallest versions of the 737 do not compete against each other at all. Speaking after the verdict, Bombardier said, "Unfortunately, the Commerce Department decision is divorced from...reality and ignored long-standing business practices in the aerospace industry, including launch pricing and the financing of multibillion dollar aircraft programs".
Bombardier calls Boeing's criticism an "unfounded assault on airlines, the flying public, and the United States aerospace industry", saying the entire complaint has been overtaken by events.
"There's no case here", Bombardier's Bellemare said, calling the complaint "ridiculous".
Bombardier for its part expressed its disappointment that the U.S. Commerce Department did not take the opportunity to "rectify its past errors".
The inquiry now moves to the United States worldwide trade commission, which will examine if the dumping and subsidies caused injury to Boeing.
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The petitioner in the case, Boeing, does not now offer a rival product to the Bombardier C Series.
With the new judgement passed on Wednesday, the USA chose to find in favor of Boeing.
Delta is expected to wait for that new plant to open before taking delivery of their order.
Boeing says that should not negate the duties because Airbus and Bombardier would import fuselages and wings and merely be assembling in the United States.
Bombardier doesn't deny that Delta received a good price.
US and Mexican trade officials will meet next month in Canada to continue NAFTA talks.
Bombardier plans to build the planes in Mobile, Alabama, where Airbus assembles narrow-body jets.