Airbus to partner with Canada's Bombardier

Airbus to partner with Canada's Bombardier

On Sunday, Bloomberg reported that Bombardier was considering disposal of aerospace assets including its Q400 turboprop and CRJ regional-jet unit, while looking at partnerships with other aerospace companies, with Airbus among the prospective buyers.

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The landmark agreement comes after the USA administration slapped a 220% countervailing duty, as well as an 80% anti-dumping tax, on Bombardier CS100 and CS300 aircraft imported into the United States. The C Series, with its state-of-the-art design and great economics, is a great fit with our existing single-aisle aircraft family and rapidly extends our product offering into a fast growing market sector.

Airbus, who had previously held talks with Bombardier about a tie-up, will buy a 50.01% interest in C Series Aircraft Limited Partnership (CSALP), which manufactures and sells the planes, the companies said.

Bombardier CEO Alain Bellemare said Airbus is the flawless partner for the company, Quebec and Canada.

"I have no doubt that our partnership with Bombardier will boost sales and the value of this programme tremendously".

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The agreement aims to allow for significant production savings on the C-Series aircraft and to make use of Airbus's global reach for sales.

Enders said the deal is different from an earlier round of talks in 2015, when Airbus abruptly ended negotiations, Reuters reported then.

"There is a ton of strategic value in doing this deal", Bellemare said.

Airbus will provide procurement, sales and marketing, and customer support expertise to CSALP, the companies said.

Mr Enders said that an aircraft made in a US Airbus facility would not be subject to duties under the US case.

Bombardier, meanwhile, has noted that the C-Series rollout would generate more than US$30 billion for United States suppliers and support 22,700 American jobs.

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