Airbus and Bombardier signed an agreement for partnership on the C series aircraft program on October 16, 2017. The combination of Airbus’ global reach and scale with Bombardier’s newest, state-of-the-art jet aircraft family will bring additional value for all stakeholders – customers, employees and shareholders.
Airbus will acquire the majority stake (50.01%) in the C Series Aircraft Limited Partnership (CSALP) and will provide procurement, sales and marketing, and customer support expertise. The other shareholders are Bombardier with approximately 31% and Investissement Québec (IQ) with 19%.
The partnership will combine two complementary product lines. It is expected that the 100-150 seat market segment will represent more than 6,000 new aircraft over the next 20 years.
The headquarters and primary assembly line and related functions of the C Series Aircraft Limited Partnership will remain in Québec, while Final Assembly Line will be in Canada and the additional C Series production will be done at Airbus’ manufacturing site in Alabama, U.S.
Both Airbus and Bombardier CEOs shared their satisfaction with the strategic partnership.
“This is a win-win for everybody! The C Series, with its state-of-the-art design and great economics, is a great fit with our existing single-aisle aircraft family and rapidly extends our product offering into a fast growing market sector. I have no doubt that our partnership with Bombardier will boost sales and the value of this programme tremendously,” said Airbus Chief Executive Officer Tom Enders. “Not only will this partnership secure the C Series and its industrial operations in Canada, the U.K. and China, but we also bring new jobs to the U.S. Airbus will benefit from strengthening its product portfolio in the high-volume single-aisle market, offering superior value to our airline customers worldwide.”
“We are very pleased to welcome Airbus to the C Series programme,” said Alain Bellemare, President and Chief Executive Officer of Bombardier Inc. “Airbus is the perfect partner for us, Québec and Canada. Their global scale, strong customer relationships and operational expertise are key ingredients for unleashing the full value of the C Series. This partnership should more than double the value of the C Series programme and ensures our remarkable game-changing aircraft realizes its full potential.”