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Airbus likely to acquire Bombardier's remaining stake in A220 passenger jet-sources

Published 2020-02-07, 03:28 p/m
© Reuters.  Airbus likely to acquire Bombardier's remaining stake in A220 passenger jet-sources
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MONTREAL/PARIS Feb 7 (Reuters) - Europe's Airbus SE AIR.PA is likely to acquire Bombardier Inc's BBDb.TO remaining stake in the A220 passenger jet program, two industry sources said on Friday.

A deal for Airbus to buy the 33.58% share in the program was widely expected after Bombardier said in January it was reviewing the stake in the joint venture. While a deal is not finalized, it is expected as soon as next week, ahead of both companies' earnings on Feb. 13, the sources added. Airbus and Bombardier both declined comment.

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