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Airbus clinches final deal to rescue Bombardier CSeries

Reuters 

By Allison Lampert and Rama Venkat Raman(Reuters) - European planemaker Airbus has finalised a rescue deal for Bombardier's CSeries jet and is expected to flex its marketing and cost-cutting muscle to revive the loss-making Canadian venture.Bombardier agreed in October to sell Airbus a 50.01 percent stake in its flagship commercial jet for a symbolic Canadian dollar, after sluggish sales and low production rates prevented it from keeping a lid on costs. Airbus, by contrast, will be able to offer airlines deals by packaging the CSeries with its own jets in a challenge to Boeing and is expected ...

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First Published: Fri, June 08 2018. 19:29 IST
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