Airbus to take majority stake in Bombardier’s C-Series program

FAN Editor
FILE PHOTO - Bombardier CS300 aicraft takes off to participate a flying display as Airbus A380 waits on the taxiway during the 51st Paris Air Show at Le Bourget airport near Paris
FILE PHOTO – A Bombardier CS300 aicraft takes off to participate a flying display as an Airbus A380, the world’s largest jetliner, waits on the taxiway during the 51st Paris Air Show at Le Bourget airport near Paris, June 15, 2015. REUTERS/Pascal Rossignol/File Photo

October 16, 2017

(Reuters) – Airbus SE <AIR.PA> said on Monday it would acquire a majority stake in Bombardier Inc’s <BBDb.TO> C-Series passenger jet program.

Airbus will provide procurement, sales and marketing, and customer support expertise to the C-Series Aircraft Limited Partnership (CSALP), the unit that manufactures and sells the C- Series.

At closing, Airbus will acquire a 50.01 percent interest in CSALP, the companies said.

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