European aircraft giant Airbus is taking a majority stake in Bombardier’s controversial C-Series jet programme, potentially safeguarding 1,000 jobs in Belfast. The huge tariff followed a complaint from Boeing that the company had dumped its C-Series jets at “absurdly low” prices. The deal will leave Bombardier with about 31% of the C-Series programme, while financier Investissement Québec will own about 19%. Airbus is hoping to solve the problem posed by the tariffs by assembling the C-Series jets destined for US customers at its own factory in Alabama. Bombardier is a taste of things to come | Simon Tilford Read moreAlain Bellemare, president and chief executive officer of Bombardier, said it was very pleased to welcome Airbus to the C Series programme.

Source: The Guardian October 17, 2017 00:11 UTC