Aviation giants Airbus and Canada's Bombardier on Friday said they have finalised a partnership deal on the C Series airliner programme, the latest move in a long-running battle for the skies against US behemoth Boeing. The partnership will see European aviation mammoth Airbus acquire a majority stake in the C Series programme in a deal effective July 1, the two companies said in a statement.
The C Series is a state-of-the-art narrow-body aircraft largely built from composite materials. It complements Airbus' medium-range carrier, the A320, which can carry some 140 passengers. Airbus and Bombardier said their partnership, first announced in October last year, has cleared all regulatory approvals and is ready for take-off. Under the deal, the two companies will use an assembly line in Alabama to build aircraft for US customers.
Boeing, Airbus's arch-rival, had successfully petitioned President Donald Trump's administration to impose financial penalties on Bombardier to keep it from selling its C Series planes in the massive US market. Boeing had accused Bombardier of manufacturing its 100-150 seat planes with Canadian public subsidies and selling them at a loss. Heeding Boeing's call, Washington slapped duties on Bombardier CS100 and CS300 aircraft imported into the US.