Tag: Tom Enders

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

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

  

  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.

• Tuesday, October 9th 2012 - 20:26 UTC

  UK displays ‘red line’ in plan to merge defence giants EADS and BAE Systems

  

  France and Germany must reduce their stakes in defence firm EADS if the UK is to allow a proposed merger with BAE Systems to go ahead, Defence Secretary Philip Hammond has said.