Airbus Rescues The C Series
October was an interesting month for Canadian C Series manufacturer Bombardier, when it announced that European company Airbus is set to acquire a 50.01% interest in the C Series Aircraft Limited Partnership (CSALP) with no upfront cash investment. Bombardier will own 31% and Investissement Québec (IQ) approximately 19%. The C Series is a single-aisle aircraft designed for the 100 to 150-seat market segment. The agreement will see Airbus supporting the C Series with sales and marketing support, managing procurement (such as leading negotiations to improve CSALP level supplier agreements), and offering customer support.
Written by Sylvia Caravotas (Satovarac Consulting) for OIDA. To access the full article please click here.