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WTO to probe Canadian jet subsidies for Bombardier

Published 09/29/2017, 09:10 AM
Updated 09/29/2017, 09:10 AM
© Reuters.  WTO to probe Canadian jet subsidies for Bombardier
  • In the latest blow to Bombardier (OTCQX:BDRAF, OTCQX:BDRBF), the WTO has approved Brazil’s request to investigate Canada’s alleged use of $3B-plus in government subsidies to boost the company's aircraft production.
  • Brazil says Canada ran afoul of trade rules because its policies unfairly helped its domestic aerospace industry to the detriment of Brazilian planemaker Embraer (NYSE:ERJ).
  • Although such investigations typically take less than a year, this case may be extended to 2019 because of delays and staffing shortages at the WTO.
  • Now read: C Series: Government Inflated Aircraft Program


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