Tuesday, 17 October 2017

Bombardier to partner Airbus on C-Series jets



European aerospace firm Airbus is to take a majority stake in Bombardier's C-Series jet project.

 
Bombardier has faced a series of problems over the plane, most recently a trade dispute in the US that imposed a 300% import tariff.


Bombardier's Northern Ireland's director Michael Ryan said the deal was "great news" for the Belfast operation.


About 1,000 staff work on the C-Series at a purpose-built factory in Belfast, mostly making the plane's wings.


Airbus and Bombardier's chief executives said the deal - which will see Airbus take a 50.01% stake - would help to boost sales.
The deal also gives Airbus the right to buy full control of the C-Series project in 2023.




BBC        News.