Airbus acquires Bombardier's stake in A220 program

Airbus purchased Bombardier's 75% stake in the A220 commercial jet program for $591 million, with the Quebec government holding the remaining 25%. The deal includes Airbus taking over component production at Bombardier's Saint-Laurent unit and creating a new subsidiary, Stelia Aeronautique Saint Laurent.

“This agreement with Bombardier and the Government of Québec demonstrates our support and commitment to the A220 and Airbus in Canada.”airdatanews.com

• 2 sources
• airdatanews.comAirbus confirms purchase of Bombardier's share in the A220 jet program - Air Data NewsRicardo MeierFeb 13, 2020
• samchui.comAirbus Secures 75% of A220 Program - SamChui.comAaron Hilsz-LothianFeb 14, 2020

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