Bombardier Blasts Boeing, Airbus Over Protectionism Charge
February 4, 2010 /EIN PRESSWIRE/ The CEO of Canadian aircraft manufacturer Bombardier has taken Boeing and Airbus to task over what he calls “protectionism” and anti-competitive practices to stymie his company’s new CSeries plane.
Pierre Beaudoin told The Canadian Press that Boeing and Airbus want to require Bombardier to comply with the “Country Home Rule,” which would prevent the Canadian government from financing planes sold to U.S. or European buyers.
The Export-Import Bank of the United States does not finance Boeing aircraft sold to European customers, just as European export credit agencies do the same for Airbus aircraft destined for US buyers. However, the Canadian market, as Beaudoin points out, dwarfs the economies of Europe and the US.
Read more about this story at Airline Industry Today:
Latest Bombardier news – http://airlines.einnews.com/news/bombardier-inc
Latest Bombardier CSeries news – http://airlines.einnews.com/news/cseries
Located at http://airlines.einnews.com, Airline Industry Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest airline news from around the world, saving them valuable time they’d spend searching for information. New users to Airline Industry Today can enjoy a no-obligation, one-week free trial.
About EIN Presswire
The EIN Presswire press release distribution service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for leading journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals in more than 80 different industries. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the newest business news at http://www.einpresswire.com and the latest world news in more than 80 different industries at http://www.einnews.com.