Shares in Bombardier leapt more than 20 percent on Tuesday after news of the deal with Europe’s biggest aerospace group. “It’s an unexpected move by Airbus but indicates they see good market potential for the CSeries. The deal with Airbus now means CSeries jets can be built at Airbus’ Alabama assembly plant, which according to the two companies would exempt them from import duties. Locked in a separate 13-year trade dispute with Airbus, Boeing called it a “questionable deal” between two of its subsidized competitors. The Boeing-Bombardier dispute has snowballed into a bigger multilateral trade dispute, with British Prime Minister Theresa May asking U.S. President Donald Trump to intervene to save British jobs.

Source: bd News24 October 17, 2017 15:22 UTC