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 ...
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