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Airbus set to close deal for majority stake in Bombardier CSeries

Reuters 

By Allison Lampert and Rama Venkat Raman(Reuters) - Airbus SE is set to close a deal to take a controlling stake in Bombardier Inc's CSeries jetliner program, effective July 1, the companies said on Friday, in a move expected to kickstart the European planemaker's ability to put its marketing and cost-cutting muscle into the Canadian plane program. Bombardier agreed in October to sell Airbus a 50.01 percent stake in its flagship commercial jet for a symbolic Canadian dollar, as the plane program battled sluggish sales and low production, which made it harder to keep a lid on costs. Airbus, by ...

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First Published: Fri, June 08 2018. 16:07 IST
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