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Airbus takes control of CSeries program

Jul. 02, 2018 7:40 AM ETAirbus SE (EADSY) StockBDRAF, EADSY, EADSF, BDRBFBy: Yoel Minkoff, SA News Editor
  • Airbus (OTCPK:EADSY) and Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) have confirmed the closing of the CSeries transaction, giving the French planemaker a majority stake in the program.
  • Final breakdown: Airbus now owns 50.01% in the CSeries Aircraft Limited Partnership, Bombardier 34%, and Investissement Quebec 16%.
  • In addition, Bombardier has issued Airbus warrants that can be exercised for 100M Class B shares.

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