Agreement Between The Two Planemakers Began July 1

The closing of the previously announced C Series transaction between Airbus SAS, a wholly-owned subsidiary of Airbus SE (EPA: AIR), Bombardier Inc. and Investissement Québec went into effect on July 1, 2018. Airbus now owns a 50.01% majority stake in C Series Aircraft Limited Partnership, while Bombardier and Investissement Québec own approximately 34% and 16% respectively. CSALP’s head office, primary assembly line and related functions are based in Mirabel, Québec.

According to Airbus, the planemaker manufactures, markets, and supports C Series aircraft under the aegis of the Airbus-Bombardier partnership, with Bombardier’s two C Series jetliners being brought into the Airbus commercial aircraft line-up.

These airplanes fill an important niche – covering the segment that typically accommodates 100-150 seats – and responding to a worldwide aviation market for smaller single-aisle jetliners estimated at some 6,000 such aircraft over the next 20 years.

C Series aircraft have been specifically designed for the 100 -150 seat market, resulting in efficiencies inherent in purpose-built aircraft with an unmatched environmental scorecard. What’s more, the CS100 and CS300 have over 99 percent parts commonality between them, as well as the same pilot type rating, facilitating the family’s addition to an airline’s fleet.

Together, "the C Series represents the most efficient aircraft in the skies in their class, with up a low cost per trip, as well as the lowest noise levels of any commercial jet in production. This makes the C Series aircraft ideal for urban operations and noise-sensitive airports," Airbus says.

(Image provided with Airbus news release)

FMI: www.airbus.com, www.bombardier.com