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Airbus and Bombardier Announce C Series Partnership

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  • Airbus and Bombardier Announce C Series Partnership

    http://www.airbus.com/newsroom/press...agreement.html

    Airbus SE (EPA: AIR) and Bombardier Inc. (TSX: BBD.B) are to become partners on the C Series aircraft programme. A corresponding agreement was signed today. The agreement brings together Airbus’ global reach and scale with Bombardier’s newest, state-of-the-art jet aircraft family, positioning both partners to fully unlock the value of the C Series platform and create significant new value for customers, suppliers, employees and shareholders.

    · Airbus to acquire majority stake in the C Series Aircraft Limited Partnership

    · Partnership brings together two complementary product lines, with 100-150 seat market segment expected to represent more than 6,000 new aircraft over the next 20 years

    · Combination of Airbus’ global reach and scale with Bombardier’s newest aircraft family to create significant value for customers, suppliers, employees and shareholders

    · Significant C Series production costs savings anticipated by leveraging Airbus’ supply chain expertise

    · Commitment to Québec: C Series Aircraft Limited Partnership headquarters and primary assembly to remain in Québec, with the support of both companies’ global supply chains

    · Airbus’ global industrial footprint expands with the C Series Final Assembly Line in Canada, resulting in a positive impact on operations in Québec and across the country

    · Growing market for C Series results in second Final Assembly Line in Mobile, Alabama, serving U.S. customers

  • #2
    Good news. The C series is a good aircraft and should be doing better than it is.

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    • #3
      Whilst it's partially about survival given the trade dispute with the US, it's a great way, on the flipside, of showing two fingers in response.

      The C-Series looks a good aircraft, and I like seeing the smaller players do well.

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