Revisionist history - Leeham News (Boeing Rewriting History?)
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September 25, 2017
The US Department of Commerce today is scheduled to release its decision on whether to impose tariffs on each Bombardier CS100 delivered to Delta Air Lines, starting this year. (The public announcement is tomorrow.)
The tariffs will be in two forms: one for dumping the aircraft at prices below that sold in the home market (Canada) and one for "injury" to Boeing.
LNC understands the total could be in the range of $32m per plane. We don't know if this a correct figure.
Boeing told its investors conference last week it's pursuing this complaint about Bombardier subsidies to avoid another Airbus emerging and destroying Boeing and the US aerospace industry—an idea included in Boeing's filings with the US government.
In those filings, Boeing claimed Airbus led to the demise of Lockheed's commercial aviation business and of McDonnell Douglas.
I think this is a bit of revisionist history.
Icing on the cake
There's no doubt Airbus' rise made life miserable for MDC's commercial business. Lockheed, as the fourth teat in the business, suffered as well. But if anything, Airbus was only icing on the cake of the downfall of these two companies.
Lockheed and McDonnell Douglas failed largely due to their own business decisions and factors unrelated to the entry of Airbus into the market.
The first problem was that the ...