U.S. trade agency rejected CSeries duties as jet sales did not hurt Boeing

MONTREAL/WASHINGTON (Reuters) - A U.S. trade agency on Wednesday said it did not impose hefty duties on sales of Bombardier Inc's <BBDb.TO> new jetliner to American carriers because it found that Boeing Co <BA.N> lost no sales or revenues when Delta Air Lines <DAL.N> ordered the aircraft in 2016 from the Canadian planemaker.

The International Trade Commission (ITC) issued the reasoning three weeks after its Jan. 26 ruling that discarded a U.S. Commerce Department recommendation to slap a near 300 percent duty on sales of Bombardier's 110-to-130-seat CSeries jets for five years, following a complaint by Boeing.

ITC commissioners voted 4-0 that Bombardier's CSeries prices to U.S. carriers did not harm Boeing's smallest plane, the 737 MAX 7, thereby removing a valid reason to impose duties.

(Reporting by Allison Lampert in Montreal, Lesley Wroughton in Washington; Editing by Denny Thomas and Sandra Maler)

02/14/2018 17:57

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