In a press release, Airbus explained it will next month acquire most of the C Series Aircraft Limited Partnership (CSALP) comprised of Airbus, Bombardier and Investissement Québec (IQ). Bombardier describes its C Series as a single-aisle commercial jet aimed at the 100 to 150-seat market, built with advanced aluminum and composites and boasting 18 percent lower costs per passenger.
Airbus to Acquire Majority of Bombardier C Series Program on July 1
Key Takeaways:
- Airbus will acquire a majority stake in Bombardier's C Series aircraft program (CSALP) to leverage its global influence for the 100-150 seat jet's production, marketing, and sales.
- The partnership was formed to address previous challenges like rising costs and slow sales, aiming to unlock the C Series' full potential and create significant new value.
- A second final assembly line will be established in Mobile, Alabama, to serve American airline customers and meet the projected high demand for aircraft in this market segment.
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