It was the knight in shining armour who saved the flailing damsel in distress. Three weeks ago I explained why the US Commerce Department had threatened the Canadian aerospace group Bombardier Inc. (TSE:BBD) with swingeing tariffs of up to 300 percent that could torpedo its new generation of airliners. The order from top US airline Delta (NYSE:DAL) for at least 75 (and possibly up to 125) new Bombardier Series C jets – competitors to the Airbus A320 Neo and the Boeing 737 Max – was put in doubt. And with that, so was the future of Bombardier itself. This had repercussions in Britain, home to Bombardier's important production facility in Northern Ireland where it is one of the province's largest private employers. Bombardier acquired the Belfast production unit in 1989 when it bought Shorts Brothers, then the oldest aircraft maker in the world. |
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