Pontifications: EU weighs in for Bombardier in Boeing trade fight
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The EU has taken Bombardier's side. Although the UK previously weighed in with BBD because the wings are produced in Northern Ireland, the EU hadn't become involved. Now it has, filing briefs with the US Department of Commerce.
It's because Airbus agreed to acquire a majority stake in the C Series program.
Now Boeing faces the potential wrath of the EU in addition to Canada and the UK.
Boeing officials were prepared for reaction from Canada and the UK and the possibility of losing military sales, according to Wall Street aerospace analysts who talked with them (and who talked with LNC).
But according to an Aviation Week article, Boeing was surprised ("shocked" is how AvWeek described it) by the BBD-Airbus deal. Boeing's focus was the prospect of Bombardier making a deal with China's COMAC. Indications that Airbus, having rejected a deal in 2015, seemed not to have been in the picture.
The UK newspaper, The Independent, wrote, "If the EU ultimately imposes painful tariff counter-measures against Washington – or threatens them – it's possible the US might back down."
Hoisted on own petard?
But Boeing may have some 'splainin' to do, to famously quote Ricky Ricardo in the popular 1950s TV series I Love Lucy.
Read it all : https://leehamnews.com/2017/11/20/pontifications-e...