Economy

Bombardier to cut 280 jobs at Belfast plant

Bombardier to cut 280 jobs at Belfast plant”

"We don't need to change the path we're on".

UTC said Pratt shipped 120 geared turbofan engines during the quarter, putting it on track to ship 350 to 400 engines for this fiscal year and almost doubling that the following year. "We are confident we can win, but it's important that everybody plays by the same rules".

It comes a week after Airbus had eased jobs fears after agreeing to take a majority stake in Bombardier's C-Series aircraft programme - the focus of the row. It recently launched a multimedia campaign to highlight its contribution to the economy. "We are going to continue to fuel that effort". "We do think that our long-term relationships in the United Kingdom and Canada will certainly outlast this current trade matter".

"It's pretty hard to find how Boeing's being harmed", Bastian said about Boeing's basis for making a complaint against Bombardier.

"Bombardier's actions on the C Series where they have received illegal subsidies and engaged in illegal dumping behavior, this will be evaluated by the Commerce Department and we'll wait that out", said Muilenburg.

Investors asked about the Airbus and Bombardier partnership projecting a demand for 6,000 planes with less than 150 seats.

The prospect of the C Series getting shut out of the USA market accelerated Bombardier's talks with potential suitors, which sources say also extended to state-owned players in China.

Bombardier was responding after United Technologies Inc., the maker of the Pratt & Whitney geared turbofan engines, told analysts it recently made a decision to hold back some engine shipments to Bombardier and Airbus so it could offer spare engines to keep airlines flying the C Series and A320neo aircraft daily.

Recent decisions by the USA authorities to impose a huge 300 per cent duty on C-Series jets being sold in the U.S. raised fears over the future of 4,000 jobs at the plants. "If you try to kill someone, don't miss". But other observers believe Boeing doesn't need to do much of anything, saying the C Series will implode on its own without USA market access.

Muilenburg said Boeing was in the home-stretch of the contract, which is ultimately expected to involve hundreds of aircraft over many years.

Many observers still don't grasp how unconcerned Boeing is about the Airbus-Bombardier partnership, according to Loren Thompson, chief operating officer of the Lexington Institute, a think-tank to which Boeing is a long-time contributor.

Bombardier Inc on Tuesday said it was reviewing 2017 delivery plans for its CSeries jets, after USA engine parts maker United Technologies said it was resolving issues with its geared turbofan (GTF) engines to make them more durable. This decision is premature given the potential for jobs growth in the C Series and opportunities for additional employment on site with existing legacy products.



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