Airbus: takes control of Bombardier's CSeries.
(CercleFinance.com) - Airbus has taken a strategic decision, with the group last night announcing the takeover of the CSeries medium-haul commercial aircraft program of the Canadian group Bombardier Transport.
The European aircraft manufacturer anticipates significant savings, thanks to Airbus' expertise in the supply chain.
Alongside Airbus (50.01% of shares), Bombardier (31%) and the State of Québec (19%) will continue to hold the remainder of CSeries' capital.
The European group believes that the CSeries aircraft will add to its range in the segment of 100-to-150 seat aircraft, which, according to Airbus forecasts, is expected to win over 6,000 orders over the next 20 years. Airbus also points out that a second CSeries final assembly line will be installed at Mobile, in the US state of Alabama, in order to meet demand.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The European aircraft manufacturer anticipates significant savings, thanks to Airbus' expertise in the supply chain.
Alongside Airbus (50.01% of shares), Bombardier (31%) and the State of Québec (19%) will continue to hold the remainder of CSeries' capital.
The European group believes that the CSeries aircraft will add to its range in the segment of 100-to-150 seat aircraft, which, according to Airbus forecasts, is expected to win over 6,000 orders over the next 20 years. Airbus also points out that a second CSeries final assembly line will be installed at Mobile, in the US state of Alabama, in order to meet demand.
Copyright (c) 2017 CercleFinance.com. All rights reserved.