Airbus’ Majority Stake in C Series Partnership Comes Into Effect

Photo: Airbus

The closing of the previously announced C Series transaction between Airbus SAS, a wholly-owned subsidiary of Airbus SE (EPA: AIR), Bombardier Inc. (TSX: BBD.B) and Investissement Québec came into effect on July 1, 2018.

Airbus now owns a 50.01% majority stake in C Series Aircraft Limited Partnership, while Bombardier and Investissement Québec own approximately 34% and 16% respectively.

CSALP’s head office, primary assembly line and related functions are based in Mirabel, Québec.

Source: Airbus Press Release