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Old 17th October 2017, 03:09 PM   #1
9V-JKL
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Default Airbus and Bombardier Announce C Series Partnership

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

Quote:
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
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Old 18th October 2017, 03:10 PM   #2
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Good news. The C series is a good aircraft and should be doing better than it is.
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Old 20th October 2017, 04:21 PM   #3
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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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