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Montevideo, June 6th 2023 - 07:17 UTC

Tag: CSeries

  • Tuesday, October 17th 2017 - 11:45 UTC

    Airbus takes a majority stake in Bombardier frustrating Boeing's strategy

    Bombardier CSeries will remain in Montreal, but a second assembly line for the 100/150-seat plane will be set up at Airbus's facility in Alabama

    Canada's Bombardier Inc. announced on Monday it has sold a majority stake in its CSeries passenger jet business to European aerospace giant Airbus for no cost. The move comes after lackluster sales and after the U.S. Commerce Department imposed harsh duties on Bombardier, charging the Montreal-based company is selling the CSeries planes in the U.S. below cost and receiving government subsidies.