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Airbus takes control of Bombardier CSeries in rebuff to US threat

Bombardier said the partnership should more than double the value of the CSeries program


Airbus SE agreed on Tuesday to buy a majority stake in Bombardier Inc's CSeries jetliner program, grabbing control of a struggling competitor at the second attempt and giving the Canadian plane-and-train-maker an unexpected boost in its costly trade dispute with Boeing Co. The deal, which would come at no cost for Toulouse, France-based 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. While Bombardier will lose control of a plane program developed at ...

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First Published: Tue, October 17 2017. 15:03 IST