Time to familiarize: it’s AIRBUS C Series now
The partnership between Airbus, Bombardier and Investissement Québec came into effect on July 1, 2018. The European plane maker now holds a majority stake of 50.01% in the Société en commandite Avions C Series (SCAS), a joint venture which was originally created by Bombardier and Investissement Québec, which will respectively hold 34% and 16%.
The new partnership will see the CS100 and CS300 enter Airbus catalogue, allowing the manufacturer to offer his customers two new single-aisle medium-haul aircraft with 120 and 140 seats in standard configuration.
The plant is based in Mirabel, Quebec, Canada, and currently employs 2.200 people. The partnership also includes the creation of another assembly line in Mobile, Alabama, United States, where Airbus already owns a facility for the American market.
Airbus spent a token fee of one Canadian dollar for this acquisition. The manufacturer is to offer its “global reach and scale” to Bombardier’s “state-of-the-art jet aircraft”. Its objective will now be to reduce the production prices by negotiating with Bombardier suppliers such as United Technologies: UTC owns Pratt & Whitney, the manufacturer of the exclusive engine powering the C Series, the PW1000G. UTC also acquired Rockwell Collins in September 2017, which provides most of the cockpit systems of Bombardier’s regional jetliner.
Toulouse-based plane maker will have the possibility to buy back Quebec government’s share of the program by 2023, and Bombardier’s by 2025. In 2015, the government had injected $1 billion into the development of the C Series.
Boeing and Embraer are getting closer and closer to a similar deal, according to Bloomberg. Airbus’ rival would then be able to counter the C Series with the Brazilian E-Jet E2 family.
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