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.
