Airbus in Advanced Talks to Acquire Bombardier Stake in A220 Program
February 07 2020 - 03:17PM
Dow Jones News
By Jacquie McNish and Benjamin Katz
Airbus SE is in advanced talks to acquire Bombardier Inc.'s
remaining stake in the two companies' joint A220 commercial
jetliner program, according to people familiar with the matter.
A deal for Bombardier's 34% stake could be reached as early as
next week, ahead of both companies' earnings reports, the people
said. The Quebec government, which holds a 16% stake in the
program, is likely to retain that holding, according to one of
these people.
Financial terms of the planned stake sale couldn't be learned.
While in an advanced stage, talks could still fall apart, or the
contours of the potential deal could change significantly.
Write to Jacquie McNish at Jacquie.McNish@wsj.com and Benjamin
Katz at ben.katz@wsj.com
(END) Dow Jones Newswires
February 07, 2020 15:02 ET (20:02 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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