Airbus Is Set to Take a Majority Stake in Bombardier’s CSeries Jet Program

Airbus agreed on Monday to buy a majority stake in Bombardier’s CSeries jetliner program, grabbing control of a struggling competitor at the second attempt and giving the Canadian plane-and-train-maker an unexpected boost in its costly trade dispute with Boeing.

The deal, which would come at no cost for Airbus, would give the European planemaker a 50.01% interest in CSeries Aircraft Limited Partnership (CSALP), which manufactures and sells the jets, the companies said.

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