It’s Official: the Bombardier C Series Is Now an Airbus Plane
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
The Bombardier C Series is now officially owned by Airbus. Bombardier and Airbus each announced Friday morning the closing of the acquisition of the C Series program by Airbus. This development comes sooner than previously anticipated and likely bodes well for the Canadian plane’s sales future, in advance of the Farnborough Air Show in July. Air shows like Farnborough are a traditional venue for the announcement of large aircraft orders.
The definitive agreements were executed late last night. In a joint statement followed by a conference call before markets opened, the parties noted that regulatory approvals had been received and the deal will close July 1.
According to the release, these are the main points of the agreement:
- Airbus to acquire majority stake in the C Series Aircraft Limited Partnership, effective July 1, 2018
- All regulatory approvals required for the closing of the transaction have been obtained
- Partnership head office, leadership team and primary final assembly line located in Mirabel, Québec (representing some 2,200 employees and subcontractors), with the support of the C Series global supply chain
- Partnership brings together two complementary product lines, with 100-150 seat market segment projected to represent 6,000 new aircraft over the next 20 years
- Addition of Airbus’ global reach to create significant value for C Series’ customers, suppliers, employees, shareholders and communities
- Significant C Series production efficiencies anticipated by leveraging Airbus’ production ramp-up expertise
- Growing market for C Series to support second Final Assembly Line in Alabama, serving US customers
As previously announced, the C Series Partnership CEO will be Philippe Balducchi, former head of performance management for Airbus Commercial Aircraft. On the call, Balducchi noted the partnership projects 6,000 aircraft sales for the 100 to 150-seat market, bringing the Airbus “firepower” to the partnership.
Balducchi did not comment on the potential renaming of the aircraft. Speculation has been rife that the jet could be re-baptized according to the Airbus naming convention.
Airbus Chief Executive Officer Tom Enders said in the release: “[…]The strength of the entire Airbus organization will be behind the C Series. Not only will that enable this outstanding aircraft to fulfill its market potential, but we are convinced the addition of the C Series to our overall aircraft product offering brings significant value to Airbus, our customers and shareholders.”
The Canadian planemaker delivered 17 aircraft in 2017, and according to the company, anticipates doubling production in 2018. Delta is anticipated to take delivery of the CS 100, the smaller of the two variants, in late 2018. The larger CS 300 seats around 140 people.
Featured image of the Bombardier CS airplanes courtesy of Bombardier
Welcome to The Points Guy!
Earn 50,000 bonus miles and 5,000 Medallion® Qualification Miles (MQMs) after you spend $2,000 in purchases on your new card in the first three months of card membership. Plus, earn up to $100 back in statement credits for eligible purchases at U.S. restaurants in the first three months of card membership.
With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.
- Earn 50,000 Bonus Miles and 5,000 Medallion® Qualification Miles (MQMs) after you spend $2,000 in purchases on your new Card in your first 3 months.
- Plus, earn up to $100 back in statement credits for eligible purchases at U.S. restaurants with your card within the first 3 months of membership.
- Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
- Earn 3X Miles on Delta purchases and purchases made directly with hotels.
- Earn 2X Miles at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
- Earn 1X Miles on all other eligible purchases.
- Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. *Payment of the government imposed taxes and fees of no more than $75 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
- Enjoy your first checked bag free on Delta flights.
- Fee Credit for Global Entry or TSA Pre✓®.
- Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
- No Foreign Transaction Fees.
- $250 Annual Fee.
- Terms Apply.
- See Rates & Fees