Airbus to Acquire Majority Stake in Bombardier’s C Series Business

By Anna Breuer on 16 October 2017
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Plagued by lackluster sales, Canadian airplane manufacturer Bombardier said Monday it sold a majority stake in its C Series passenger jet business to Airbus.

The news follows a move by the U.S. Department of Commerce to impose harsh import duties on any C Series aircraft imported into the United States, after charges were made that the Canadian company is selling the C Series planes in America below cost.

Under the terms of the deal, Airbus will acquire a 50.01% stake in the single-aisle plane platform.Bombardier will retain approximately 31% while the province of Quebec, an investor in the C Series, will hold 19%.

“The agreement brings together Airbus’ global reach and scale with Bombardier’s newest, state-of-the-art jet aircraft family,” the two companies said in a joint statement Monday.

(Photo: Accura Media Group)

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