Europe's Airbus SE is likely to acquire Canadian plane and train maker Bombardier Inc's remaining stake in the A220 passenger jet program, two industry sources said on Friday. A deal for Airbus to buy the 33.58% share in the program was widely expected after Bombardier said in January it was reviewing the stake in the joint venture.
Barring surprises, a deal is expected next week ahead of both companies' earnings on Feb. 13, the sources added. Airbus and Bombardier both declined comment. The terms were not clear of a potential deal that would mark Bombardier's exit from commercial aviation.
The Canadian company had a cash crunch in 2015 due to its high-stakes bet on the technologically advanced jet. Bombardier shares rose 4.2% in late afternoon trade.