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– news.google.ca
Bombardier sells stake in CSeries aircraft to Airbus
– macleans.ca
MONTREAL – European aircraft giant Airbus Group is buying a majority stake in Bombardier’s CSeries program.
The two aircraft manufacturers announced the partnership Monday evening, weeks after the United States announced 300 per cent preliminary duties on exports of the aircraft following a complaint from Airbus rival Boeing.
The partnership is expected to result in significant CSeries production costs savings by leveraging Airbus’ supply chain expertise but Airbus won’t be paying any money for the acquired stake.
READ: Bombardier gets a taste of ‘America First.’ What comes next?
Airbus will acquire a 50.01 per cent interest in the CSeries Aircraft Limited Partnership (CSALP), which manufactures and sells the plane.
Bombardier will own 31 per cent and the Quebec government’s investment agency will hold 19 per cent.
Bombardier (TSX:BBD.B) CEO Alain Bellemare said Airbus is the perfect partner for the company, Quebec and Canada.
Bombardier’s CS100 assembly line is seen at the company’s plant Friday, December 18, 2015 in Mirabel, Que…


