TORONTO (Reuters) - Bombardier Inc shares surged more than 20 percent on Tuesday after the Canadian planemaker said it would sell a majority stake in its CSeries jetliner program to Airbus SE.
The stock jumped 56 Canadian cents, or 23.7 percent, to C$2.92, on track for its biggest one-day gain since September 2015, on the deal, which analysts said could quash Bombardier’s dispute with Boeing Co.
Boeing shares were down 0.8 percent at $257.76 in U.S. trading. Airbus shares were up 4 percent at 80.11 euros, one of the biggest rises by a European blue-chip stock.
Reporting by Solarina Ho; Editing by Nick Zieminski