Seeking Alpha

Bombardier's (BDRBF.PK) C-series jet, its first challenge in the narrowbody commercial jetliner...

Bombardier's (BDRBF.PK) C-series jet, its first challenge in the narrowbody commercial jetliner market to Boeing (BA) and Airbus (EADSY.PK), received a firm order for 32 of the larger CS300 and options for 10 CS100 aircraft from Ilyushin Finance of Russia, bringing the order book to 177 with the aircraft's first flight due this month. Deliveries are set to begin next year.
Comments (4)
  • sid gold
    , contributor
    Comments (177) | Send Message
     
    Just the beginning
    5 Jun 2013, 07:32 AM Reply Like
  • jhefferon
    , contributor
    Comments (70) | Send Message
     
    Bombardier is going to be a strong company for many years to come. This is a great long term investment. They also had that 3.1 billion dollar order from VistaJet with options for another 4 billion.
    5 Jun 2013, 08:12 AM Reply Like
  • SquareHead
    , contributor
    Comments (71) | Send Message
     
    The problem is the company is in Canada. The work force is expensive and very militant. The will demand all the profit from the company and the union jobs are heavily feather bedded. The government is not business friendly. Boeing had the problem with DeHavilland Canada. Just as soon as Boeing bought the company from the government, the government demanded a large (100mil?) air conditioning upgrade in the facilities. The government tried to force them to keep unprofitable aircraft in production claiming it part of deal. Boeing sold the company and it eventually became part of Bombardier. I hesitate to invest any money in any Canadian manufacturing.
    5 Jun 2013, 02:43 PM Reply Like
  • jhefferon
    , contributor
    Comments (70) | Send Message
     
    Very interesting. I will look into that. I've been fortunate; I went long in November and I'm up well over 30%. Can't complain right now.
    9 Jun 2013, 08:52 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|