Scrapping Luxury Tax to Fuel Demand for Bombardier Private Jets: CEO

Date:

A Bombardier employee works on an aircraft in Dorval, Quebec on April 14, 2025. The Canadian Press/Christinne MuschiThe federal government’s proposal to scrap the luxury tax will fan sales and job growth at Bombardier Inc., says the business jet maker’s chief executive Éric Martel.The 10 percent tax on its multimillion-dollar planes was stifling more than a half-dozen sales per year, he told analysts on a conference call Thursday.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Investigative Journalist Shares Insight Into Beijings Intimidation Campaign Targeting Shen Yun

As Shen Yun’s opening night performance was about to...

CCP Races to Secure Oil as Hormuz Blockade Triggers Energy Crisis

A vessel at the Strait of Hormuz, off the...

UK Retail Conditions Deteriorate in April as Sales Fall Sharply

People shop on Oxford Street in central London, on...

Oil Climbs Above $110 as Iran Impasse Pressures Markets, Stocks Drift Lower

Stock market numbers are displayed as traders work on...