Airbus Bombardier C-Series deal could save Belfast jobs

Airbus Bombardier C-Series deal could save Belfast jobs

Airbus is to acquire a majority stake in Bombardier’s C-Series aircraft business, potentially shoring up thousands of UK jobs put at risk by a recent US decision to impose sharp import tariffs on the aircraft. Under the agreement, Airbus will acquire a 50.01 per cent stake in the C- Series Aircraft Limited Partnership (CSALP) whilst Bombardier will own approximately 31 per cent of the business. Whilst Airbus has acquired its stake without handing over any money, access to the aerospace giant’s supply chain expertise and global sales reach is expected to generate considerable production cost savings for the C-Series […]