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Airbus likely to acquire Bombardier’s remaining stake in A220 passenger jet, sources say
An Airbus A220 passenger jet, formerly known as the Bombardier CSeries, stands in the final assembly line where the European company plans a $30 million investment to keep up with forecast demand, in Mirabel near Montreal, Quebec, Canada January 14, 2019.Tim Hepher | ReutersEurope’s Airbus is likely to acquire Bombardier’s remaining stake in the A220…
An Airbus A220 passenger jet, formerly known as the Bombardier CSeries, stands in the final assembly line where the European company plans a $30 million investment to keep up with forecast demand, in Mirabel near Montreal, Quebec, Canada January 14, 2019.
Tim Hepher | Reuters
Europe's Airbus is likely to acquire Bombardier‘s remaining stake in the A220 passenger jet program, two industry sources said on Friday.
A deal for Airbus to buy the 33.58% share in the program was widely expected after Bombardier said in January it was reviewing the stake in the joint venture.
While a deal is not finalized, it is expected as soon as next week, ahead of both companies' earnings on Feb. 13, the sources added.
Airbus and Bombardier both declined to comment.
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