Airbus and Bombardier to close C Series partnership on July 1; GECAS launches START

Having received all required regulatory approvals, Airbus, Bombardier and Investissement Québec (IQ) have agreed to close the C Series transaction effective on July 1, 2018. The regulatory approval process has been completed ahead of schedule – Airbus declared its intention to acquire a majority stake in the C Series Aircraft Limited Partnership (CSALP) in October 2017 – which has allowed Bombardier to update its guidance for 2018 to expect revenues in a range of $16.5 billion to $17 billion. Full year consolidated EBIT for Bombardier is expected to increase to a range of $900 million to $1.0 billion as the