Bombardier exits A220 programme, and commercial aviation

Bombardier has completed its strategic exit from commercial aviation by selling its remaining interest in Airbus Canada to Airbus and the Government of Québec, leaving the European airframe maker with a 75% share in the business and the Canadian province holding the balance.   Bombardier work packages for the A220 and A330 will be transferred to Airbus, through its subsidiary Stelia Aerospace. Bombardier will receive US$591M, net of adjustments, of which US$531M was received at closing, and is released of its future funding capital requirement to Airbus Canada. The transaction is effective immediately.  The Québec Government’s stake is redeemable by Airbus in 2026