A New Threat to This American Icon
The following video is part of our "Motley Fool Conversations" series, in which Isaac Pino discusses topics around the investing world.
Berkshire Hathaway shook up the aviation world this week when its subsidiary, NetJets, announced the $9.6 billion purchase of 425 aircraft, including Textron's Cessna planes and Canadian-based Bombardier's Challenger jets. The deal was noteworthy for both manufacturers, but especially for Bombardier, which generates 46% of its revenue from a shaky European market. Outside the business-jet market, Bombardier is expected to step into the big leagues next year with the introduction of its commercial CSeries aircraft. Should Boeing and Airbus be concerned that their duopoly could be disrupted?
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At the time this article was published Isaac Pinohas no positions in the stocks mentioned above. The Motley Fool owns shares of Berkshire Hathaway and Textron.Motley Fool newsletter services recommendBerkshire Hathaway. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.