Airbus, Bombardier partner on C Series | Fin24
 
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Airbus, Bombardier partner on C Series

Oct 17 2017 14:28

Amsterdam – Airbus and Bombardier are to become partners on the C Series aircraft programme in terms of an agreement signed on Tuesday.

Under the agreement, Airbus will provide procurement, sales and marketing, and customer support expertise to the C Series Aircraft Limited Partnership (CSALP), the entity that manufactures and sells the C Series.

At closing, Airbus will acquire a 50.01% interest in CSALP. Bombardier and Investissement Québec (IQ) will own approximately 31% and 19% respectively.
 
CSALP’s headquarters and primary assembly line and related functions will remain in Québec, with the support of Airbus’ global reach and scale. Airbus’ global industrial footprint will expand with the final assembly line in Canada and additional C Series production at Airbus’ manufacturing site in Alabama in the US.

According to Airbus and Bombardier, this strengthening of the programme and global cooperation will have positive effects on Québec and Canadian aerospace operations.

"The agreement brings together Airbus’ global reach and scale with Bombardier’s newest, state-of-the-art jet aircraft family, positioning both partners to fully unlock the value of the C Series platform and create significant new value for customers, suppliers, employees and shareholders," the two companies said in a statement.

Growth driver
 
They regard the single aisle market is a key growth driver, representing 70% of the expected global future demand for aircraft.

Ranging from 100 to 150 seats, the C Series is seen as highly complementary to Airbus’ existing single aisle aircraft portfolio, which focuses on the higher end of the single-aisle business (150-240 seats).

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