February 15, 2018 / 1:51 PM / in a year

Bombardier CEO calls U.S. trade agency reasoning 'good news'

Alain Bellemare, President and CEO of Bombardier Inc., speaks during a news conference on the acceleration of Global 7000 business jet aircraft interior completion operations and the inauguration of the new Bombardier Centre of Excellence in Pointe-Claire, Quebec, Canada, November 17, 2017. REUTERS/Christinne Muschi

MONTREAL (Reuters) - Bombardier Inc (BBDb.TO) Chief Executive Alain Bellemare on Thursday described a U.S. trade agency’s explanation for why it rejected hefty duties on the company’s CSeries jet sales to American carriers as very “good news.”

On Wednesday, the International Trade Commission said Boeing Co (BA.N) lost no sales or revenue when U.S. carrier Delta Air Lines (DAL.N) ordered the aircraft in 2016 from the Canadian planemaker.

The International Trade Commission published its reasoning three weeks after announcing its decision to not impose duties on the CSeries.

Reporting By Allison Lampert

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