|Bombardier Inc - BBD-b.t is a global transportation company with 80 production and engineering sites in 26 countries, and a worldwide network of service centers that operate two industry-leading businesses; Aerospace and Rail transportation.|
Everywhere people travel by land and in the air, a Bombardier product is ready to transport them.
|The Globe and Mail reports in its Tuesday edition that Bombardier has struck an agreement to sell control of its marquee C Series airliner program to Europe's Airbus Group SE. The Globe's Nicolas Van Praet writes that the bet is that handing the keys to a 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 C Series' development at a cost of $6-billion (U.S.) drove Bombardier to the brink of bankruptcy in 2015 before Quebec handed the company a lifeline by investing $1-billion (U.S.) in the plane. Quebec supports the transaction with Airbus, calling it the best solution to protect and create jobs in a sector vital to the province's economy. Bombardier backer, the Caisse pension fund, also supports the tie-up. Ottawa has offered a preliminary endorsement of the transaction, saying it would require review under federal investment law.|