Airbus/Bombardier deal closes

MONTREAL, Canada – The closing of the previously announced CSeries transaction between Airbus, Bombardier, and Investissement Québec came into effect today. Airbus now owns a 50.01 percent majority stake in CSeries Aircraft Limited Partnership (CSALP), while Bombardier and Investissement Québec own about 34 percent and 16 percent, respectively. CSALP’s head office, primary assembly line and related functions are based in Mirabel, Québec. (Source: Globe Newswire, 07/01/18) As part of the plan, Bombardier will break ground this year on a second assembly line, this one in Mobile, Ala., at the site where Airbus builds A320 series jetliners. Previous