Following a joint appearance with Bombardier CEO Alain Bellemare at the Montreal Board of Trade, Airbus CEO Tom Enders said that’s not the company’s plan. According to terms of the deal announced Monday, Airbus has the option to buy out Bombardier in about seven years, and the Quebec government in 2023. MONTREAL—Airbus and Bombardier plan to remain strategic partners on the C Series program even after the European aerospace giant is able to buy out its minority partners, the chief executives of both companies said Friday. Bellemare said Airbus’ support will assuage customers who were worried about the future of the C Series. Ultimately he said the C Series will weather the challenge and prevail, but the partnership will change the global aerospace industry.

Source: thestar October 20, 2017 15:33 UTC