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Bombardier hands control of CSeries airliner to Airbus

from Globe and Mail

Bombardier has struck an agreement to sell control of its marquee CSeries airliner program to Europe's Airbus Group SE, a bet that handing the keys to a better-financed global giant will ensure the Canadian plane maker's future in the face of relentless competition and punishingly high tariffs imposed by the United States. The CSeries program, Bombardier's big venture to drive commercial aerospace revenue over the next two decades, has been at the centre of major political and investor drama in Canada since its inception. more

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