Airbus to take majority stake in Bombardier C-Series jet programme

16 Oct by

Airbus to take majority stake in Bombardier C-Series jet programme

Airbus to take majority stake in Bombardier C-Series jet programme

MONTREAL/PARIS (Reuters) – Airbus SE said on Monday it would acquire a majority stake in Bombardier Inc’s CSeries programme in a deal that the Canadian plane-and-train-maker said would boost sales and position the company strategically against a potentially costly U.S. trade dispute with Boeing Co . The deal, which would come at no cost for Airbus, would give the European planemaker a 50.01 percent interest in CSeries Aircraft Limited Partnership (CSALP), which manufactures and sells the jets, the companies said. Airbus Chief Executive Tom Enders said the company has offered to assemble some of the narrowbody jets at its U.S. plant in Alabama for orders by American carriers.

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Source:: https://finance.yahoo.com/news/airbus-majority-stake-bombardiers-c-series-programme-223811200–finance.html

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