Boeing accuses Bombardier of manufacturing its 100-150 seat planes with public subsidies and selling them at a loss to Delta Air Lines. The agreement between Airbus and Bombardier aims to allow for significant production savings on the C-Series aircraft and to make use of Airbus’s international reach for sales, the two groups said in a statement. Airbus will take 50.01 percent of the shares in CSALP, the entity which manages the C-Series programme, with Bombardier and Investissement Quebec holding 31 and 19 percent respectively. “We are very happy to welcome Airbus to the C-Series programme,” Bombardier’s CEO Alain Bellemare said. While US-based Delta Airlines has ordered 75 of the C-Series, Bombardier has had difficulty in securing enough orders to ensure its profitable future.

Source: Egypt Independent October 17, 2017 11:48 UTC