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.

Mayor Sandy Stimpson tweeted out the promising economic news, saying "Mobile is open for business!"

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".

Arrest warrant: Mother put children in oven, turned it on
Jameel Penn, the boys' father, told the Atlanta Journal-Constitution, that Williams showed him what she did over video. Williams' sister, Tabitha Hollingsworth, says Williams should be put on suicide watch in the Fulton County jail.

Google Photos can now recognize your pets
If you have a bunch of photos of your furry friends, you now have the oppawtunity to see them all in one place in Google Photos. Google says that the new feature is rolling out in "most countries" today, so you should just start seeing it soon.

New Jersey teacher to student: 'Speak American'
Cliffside Park students tell News 12 New Jersey that their high school is one where dozens of languages are spoken. Cliffside Park is home to a diverse community with a high number of Spanish-speakers.

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.

Related Articles

  • Next Weeks Broker Price Targets For Vornado Realty Trust (NYSE:VNO)

    Why are the underperforming company shares moving higher? Ameriprise Finance owns 385,449 shares or 0.01% of their U.S. portfolio. Shares of Vornado Realty Trust are now valued at $79.89 with a furture target price of $87.90 according to research brokerages.
    With another strong quarter, Netflix's share price hits all-time high

    With another strong quarter, Netflix's share price hits all-time high

    Revenue for the third quarter was $2.98 billion, up from $2.29 billion a year ago and slightly above FactSet's consensus of $2.97. But in today's earnings report, the company said it'll spend between $7 billion and $8 billion on original content next year.
    The New Mutants to kick off trilogy of X-Men horror flicks

    The New Mutants to kick off trilogy of X-Men horror flicks

    I love comic book movies but the industry is in serious need of a shakeup, particularly the X-Men franchise. If the director of The New Mutants has his way, next year's film will only be the beginning.
  • Tiger Woods cleared by doctor to resume playing golf with no restrictions

    Tiger Woods cleared by doctor to resume playing golf with no restrictions

    He could potentially play in his own tournament, the Hero World Challenge, from November 30 and undoubtedly would love to. Tiger Woods has been cleared to "resume full golf activity with no restrictions", according to his agent Mark Steinberg.

    Pakistan wins seat on United Nations rights council

    Among the winners of Monday's elections, Pakistan is notorious for using military courts to carry out executions. The Trump administration has said the Human Rights Council needs to deny membership to rights abusers.
    Judge declines to dismiss Menendez charges

    Judge declines to dismiss Menendez charges

    Mere meetings do not count as an official act that can be done in exchange for a bribe, according to the Supreme Court. The goal of the financial disclosure forms is to reveal, monitor, and deter conflicts of interest.
  • Florida Prepares for White Rally with State of Emergency

    Florida Prepares for White Rally with State of Emergency

    Scott called his order "an additional step to ensure that the University of Florida and the entire community is prepared so everyone can stay safe".
    Breast Cancer Awareness Month 5K run at Yokota AB

    Breast Cancer Awareness Month 5K run at Yokota AB

    Thousands of Richmonders joined 8News and the American Cancer Society in making strides against breast cancer on Sunday. In addition, black women were more likely to have tumors that were larger, more advanced and hormone receptor-negative.
    Atlanta hospital says Black dad can't donate kidney because of probation

    Atlanta hospital says Black dad can't donate kidney because of probation

    Emory Hospital released a statement saying: "Emory Healthcare is committed to the highest quality of care for its patients". Emory Hospital sent a letter to the Gwinnett County Jail stating: "The Living Donor Transplant Team at Emory as asked Mr.
  • Joe Maddon on criticism: 'Social media doesn't count at all'

    Joe Maddon on criticism: 'Social media doesn't count at all'

    The baseball gods even gave Maddon a mulligan when Lackey walked Chris Taylor, the first batter he faced, bringing up the unsafe Justin Turner .
    CD Projekt Red Responds To Concerning Rumors Regarding Cyberpunk 2077

    CD Projekt Red Responds To Concerning Rumors Regarding Cyberpunk 2077

    But you know what? CD Projekt Red revealed Cyberpunk 2077 way back in 2013 , and it hasn't said much about it since. Finally, the developer claims that Cyberpunk 2077 is still on schedule.
    What others say: White House hesitant to act on opioid crisis

    What others say: White House hesitant to act on opioid crisis

    In the past, the congressman has said the DEA was too aggressive and needed to work more collaboratively with drug companies. Tom Marino , R-Pennsylvania, was the chief advocate for the bill at the center of the investigation.