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Airbus to take majority stake in Bombardier's C-Series program
October 16, 2017 / 10:27 PM / 2 months ago

Airbus to take majority stake in Bombardier's C-Series program

Oct 16 (Reuters) - Airbus SE said on Monday it would acquire a majority stake in Bombardier Inc’s C-Series passenger jet program.

Airbus will provide procurement, sales and marketing, and customer support expertise to the C-Series Aircraft Limited Partnership (CSALP), the unit that manufactures and sells the C- Series.

At closing, Airbus will acquire a 50.01 percent interest in CSALP, the companies said.

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