Airbus and the government of Quebec have taken over the remaining Bombardier stake in the A220 program as the Canadian manufacturer completed its exit from the commercial aircraft business. The agreement, which is effective immediately, sees Airbus increase its stake from 50.1% to 75% while Quebec now holds 25% of Airbus Canada Limited Partnership (Airbus Canada). Bombardier received $591 million from the transaction. Quebec’s increase from the previous 16% stake comes with “no cash consideration.”
Airbus and the government of Quebec have taken over the remaining Bombardier stake in the A220 program as the Canadian manufacturer completed its exit from the commercial aircraft business. The agreement, which is effective immediately, sees Airbus increase its stake from 50.1% to 75% while Quebec now holds 25% of Airbus Canada Limited Partnership (Airbus Canada). Bombardier received $591 million from the transaction. Quebec’s increase from the previous 16% stake comes with “no cash consideration.”
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