Airbus eyes Bombardier A220 share

Multiple news outlets are reporting that Airbus is in advanced talks to acquire Bombardier's remaining stake in the A220 passenger jet program. A deal for the sale of Bombardier's nearly 34 percent stake in the two companies' joint A220 commercial jet program could be reached as early as this week, ahead of both companies' Feb. 13 earnings reports. Quebec, which owns 16 percent of the program, would retain its stake. Bombardier invested more than $6 billion in the A220’s development before ceding control of the program to Airbus in 2018 as it struggled to sell the single-aisle plane. Mobile, Ala., is the site of an A320 and A220 assembly lines. (Sources: multiple, including Reuters, 02/07/20, NASDAQ, 02/08/20, Bloomberg, 02/09/20) Previous