Air Canada CEO glad Bombardier challenged duopoly

Air Canada CEO glad Bombardier challenged duopoly

MONTREAL — The CEO of Canada’s largest airline says he is glad that Bombardier has challenged “a somewhat comfortable duopoly” in the aircraft manufacturing sector by developing the CSeries passenger jet.

“Technological disruption has led to enormous innovation in the aerospace industry’s relatively short lifespan and we are not in favour of attempts to stifle it,” Air Canada CEO Calin Rovinescu told shareholders Friday at its annual meeting.

Air Canada’s (TSX:AC) fleet of 217 planes consists mainly of aircraft made by Boeing and Airbus, the two biggest players in the aerospace manufacturing industry.

The airline was also one of the first in North America to order the CSeries.

Rovinescu’s comments came a week after Chicago-based Boeing filed a petition with the U.S. Department of Commerce alleging that Bombardier (TSX:BBD.B) has dumped the CSeries into the United States below cost.

Boeing wants the U.S. to impose preliminary countervailing duties of at least 79.41 per cent and anti-dumping charges of 80.5 per cent on the plane.

Just Posted

Accused murderer tells all to Mr. Big undercover officer

Joshua Frank tells undercover police officer he shot the Klaus family

Central Alberta Child Advocacy Centre prepares to open

Non-profit will run the facility and agencies will provide staff

Rocky Mountain House man arrested for child luring

A 30-year-old Rocky Mountain House man was arrested after allegedly having explicit… Continue reading

Parkinson association will close offices but maintain services

Offices closing in Red Deer, Medicine Hat and Lethbridge

WATCH: Central Middle School students’ Christmas tree

A group of Central Middle School students are set to show off… Continue reading

Red Deer County firefighters to be recognized for Waterton help

RCMP brass will give formal recognition Monday

Ron James tries to lighten humanity’s load through humour

The comedian returns to Red Deer for shows Dec. 1 and 2

100+ Women Red Deer donate to Christmas Bureau

About $14,000 will help with Christmas hampers and toys

Semi collides with vehicle on Highway 2 north of Ponoka

Members of the Ponoka Integrated Traffic Unit dealt with a call on Highway 2 north of Ponoka

After 70 years, Red Deer veteran still remembers his traumatic war experience

Frank Krepps feels lucky to have survived the Second World War

Merritt Mountie charged with assault

Charges are in relation to an incident in May at the detachment, B.C. Prosecution Service said

Blackfalds RCMP arrest “armed and dangerous” man

A 38-year-old man, who police identified as armed and dangerous, was arrested… Continue reading

VIDEO: B.C.’s own hammock deer garners celebrity status

After getting tangled in a backyard hammock the deer in Prince Rupert has T-shirts, Facebook page

Most Read

Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month