US Commerce Department launches probe of Boeing dumping, subsidy claims vs Bombardier

Source: Reuters

“The U.S. Commerce Department said on Thursday it was launching an investigation into claims by Boeing Co (BA.N) that Canadian plane maker Bombardier Inc dumped CSeries jetliners in the U.S. market and is being unfairly subsidized by the Canadian government. The Commerce probe, which was expected, parallels an investigation by the U.S. International Trade Commission into Boeing’s allegations that Bombardier sold 75 CSeries planes to Delta Air Lines Inc (DAL.N) last year at a price well below cost. Bombardier has refuted the allegations, and the two sides clashed at an ITC hearing on Thursday. ‘While assuring the case is decided strictly on a full and fair assessment of the facts, we will do everything in our power to stand up for American companies and their workers,’ Commerce Secretary Wilbur Ross said in a statement.” [editor’s note: The rare case when a govt agency MIGHT BE doing its proper job? – SAT] [additional editor’s note: Nope, unless you consider using government force to prop up prices at customers’ expense to be “proper” – TLK] (05/18/17)