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WP_Hook->apply_filters( $value = '', $args = [0 => class WP { public $public_query_vars = [...]; public $private_query_vars = [...]; public $extra_query_vars = [...]; public $query_vars = [...]; public $query_string = ''; public $request = 'wp-json/wp/v2/posts/5059'; public $matched_rule = '^wp-json/(.*)?'; public $matched_query = 'rest_route=/wp%2Fv2%2Fposts%2F5059'; public $did_permalink = TRUE }] )
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WP_Hook->do_action( $args = [0 => class WP { public $public_query_vars = [...]; public $private_query_vars = [...]; public $extra_query_vars = [...]; public $query_vars = [...]; public $query_string = ''; public $request = 'wp-json/wp/v2/posts/5059'; public $matched_rule = '^wp-json/(.*)?'; public $matched_query = 'rest_route=/wp%2Fv2%2Fposts%2F5059'; public $did_permalink = TRUE }] )
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WP_Hook->apply_filters( $value = '', $args = [0 => class WP { public $public_query_vars = [...]; public $private_query_vars = [...]; public $extra_query_vars = [...]; public $query_vars = [...]; public $query_string = ''; public $request = 'wp-json/wp/v2/posts/5059'; public $matched_rule = '^wp-json/(.*)?'; public $matched_query = 'rest_route=/wp%2Fv2%2Fposts%2F5059'; public $did_permalink = TRUE }] )
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WP_Hook->do_action( $args = [0 => class WP { public $public_query_vars = [...]; public $private_query_vars = [...]; public $extra_query_vars = [...]; public $query_vars = [...]; public $query_string = ''; public $request = 'wp-json/wp/v2/posts/5059'; public $matched_rule = '^wp-json/(.*)?'; public $matched_query = 'rest_route=/wp%2Fv2%2Fposts%2F5059'; public $did_permalink = TRUE }] )
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WP_Hook->apply_filters( $value = '', $args = [0 => class WP { public $public_query_vars = [...]; public $private_query_vars = [...]; public $extra_query_vars = [...]; public $query_vars = [...]; public $query_string = ''; public $request = 'wp-json/wp/v2/posts/5059'; public $matched_rule = '^wp-json/(.*)?'; public $matched_query = 'rest_route=/wp%2Fv2%2Fposts%2F5059'; public $did_permalink = TRUE }] )
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WP_Hook->do_action( $args = [0 => class WP { public $public_query_vars = [...]; public $private_query_vars = [...]; public $extra_query_vars = [...]; public $query_vars = [...]; public $query_string = ''; public $request = 'wp-json/wp/v2/posts/5059'; public $matched_rule = '^wp-json/(.*)?'; public $matched_query = 'rest_route=/wp%2Fv2%2Fposts%2F5059'; public $did_permalink = TRUE }] )
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WP_Hook->apply_filters( $value = '', $args = [0 => class WP { public $public_query_vars = [...]; public $private_query_vars = [...]; public $extra_query_vars = [...]; public $query_vars = [...]; public $query_string = ''; public $request = 'wp-json/wp/v2/posts/5059'; public $matched_rule = '^wp-json/(.*)?'; public $matched_query = 'rest_route=/wp%2Fv2%2Fposts%2F5059'; public $did_permalink = TRUE }] )
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WP_Hook->do_action( $args = [0 => class WP { public $public_query_vars = [...]; public $private_query_vars = [...]; public $extra_query_vars = [...]; public $query_vars = [...]; public $query_string = ''; public $request = 'wp-json/wp/v2/posts/5059'; public $matched_rule = '^wp-json/(.*)?'; public $matched_query = 'rest_route=/wp%2Fv2%2Fposts%2F5059'; public $did_permalink = TRUE }] )
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WP_Hook->apply_filters( $value = '', $args = [0 => class WP { public $public_query_vars = [...]; public $private_query_vars = [...]; public $extra_query_vars = [...]; public $query_vars = [...]; public $query_string = ''; public $request = 'wp-json/wp/v2/posts/5059'; public $matched_rule = '^wp-json/(.*)?'; public $matched_query = 'rest_route=/wp%2Fv2%2Fposts%2F5059'; public $did_permalink = TRUE }] )
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{"id":5059,"date":"2017-10-17T08:08:15","date_gmt":"2017-10-17T08:08:15","guid":{"rendered":"http:\/\/moovafrica.com\/news\/?p=5059"},"modified":"2017-10-17T08:16:15","modified_gmt":"2017-10-17T08:16:15","slug":"airbus-takes-control-of-bombardier-cseries-in-rebuff-to-u-s-threat","status":"publish","type":"post","link":"https:\/\/moovafrica.com\/news\/airbus-takes-control-of-bombardier-cseries-in-rebuff-to-u-s-threat\/","title":{"rendered":"Airbus takes control of Bombardier CSeries in rebuff to U.S. threat"},"content":{"rendered":"
FILE PHOTO: A Bombardier C-Series aircraft is displayed at the Singapore Airshow at Changi Exhibition Center February 18, 2016. REUTERS\/Edgar Su\/File Photo<\/span><\/p>\n
<\/p>\n
M<\/strong><\/span>ONTREAL\/PARIS (Reuters) –<\/strong> Airbus SE agreed on Monday to buy a majority stake in Bombardier Inc\u2019s CSeries jetliner program, grabbing control of a struggling competitor at the second attempt and giving the Canadian plane-and-train-maker an unexpected boost in its costly trade dispute with Boeing Co.<\/p>\n
The deal, which would come at no cost for Toulouse, France-based Airbus, would give the European planemaker a 50.01 percent interest in CSeries Aircraft Limited Partnership (CSALP), which manufactures and sells the jets, the companies said.<\/p>\n
While Bombardier will lose control of a plane program developed at a cost of $6 billion, it gives the CSeries improved economies of scale and a better sales network. The 110-to-130 seat plane has not secured a new order in 18 months and is being threatened by a possible 300 percent duty on U.S. imports.<\/p>\n
Bombardier said the partnership should more than double the value of the CSeries program.<\/p>\n
\u201cBombardier no longer has control of this jet, but then again, it\u2019s better to have a 30 percent share of a very successful program than to struggle with a highly risky program that was perhaps too big for them from the start,\u201d said aerospace analyst Richard Aboulafia.<\/p>\n
Canadian Innovation Minister Navdeep Bains, who must decide whether to approve the deal, said in a statement that \u201con the surface, Bombardier\u2019s new proposed partnership … would help position the CSeries for success\u201d.<\/p>\n
<\/p>\nFrom left, Quebec Deputy Premier and Minister of Economy, Science and Innovation Dominique Anglade, Bombardier President and CEO Alain Bellemare and president Canada and chief operating officer of North America for Airbus Helicopters Romain Trapp speak to the media during a press conference in Montreal on Monday, Oct. 16, 2017. Canadian plane maker Bombardier has a sold a majority stake in its C Series passenger jet business to European aerospace giant Airbus. (Paul Chiasson\/The Canadian Press via AP)<\/figcaption><\/figure>\n
<\/p>\n
STRATEGIC DECISION<\/h3>\n
Airbus Chief Executive Tom Enders said the company has offered to assemble some of the narrowbody jets at its U.S. plant in Alabama for orders by American carriers.<\/p>\n
The U.S. assembly line would mean the jets would not be subject to possible U.S. anti-subsidy and anti-dumping duties of 300 percent, Bombardier Chief Executive Alain Bellemare said on a media conference call.<\/p>\n
Bellemare called the deal with Airbus, which was first attempted unsuccessfully in 2015, a \u201cstrategic\u201d decision that is expected to close in the second half of 2018.<\/p>\n
\u201cWe\u2019re doing this deal here not because of this Boeing petition. We are doing this deal because it is the right strategic move for Bombardier,\u201d Bellemare said, referring to Boeing\u2019s complaint that the Canadian firm received illegal subsidies and dumped CSeries planes at \u201cabsurdly low\u201d prices.<\/p>\n
A Boeing spokesman dismissed the agreement as a \u201cquestionable deal between two state-subsidized competitors\u201d to try to skirt a recent U.S. trade finding against the CSeries.<\/p>\n
In February, the Canadian government announced C$372.5 million ($297 million) in repayable loans for the CSeries and another Bombardier jet program.<\/p>\n
The Airbus investment does not place any more financial burdens on Ottawa, two sources close to the case said on Monday.<\/p>\n
The sources, who requested anonymity because they were not authorized to speak to media, also said the deal would have no effect on a separate dispute between Canada and Boeing over a proposed purchase of 18 Super Hornet jets.<\/p>\n
The government has frozen contacts with Boeing\u2019s military wing until the company drops its challenge against the CSeries.<\/p>\n
<\/p>\n
\n\n
\nFILE PHOTO: Bombardier\u2019s C-series aircraft is pictured at an airport during its static demo event in New Delhi, India October 5, 2017. REUTERS\/Adnan Abidi\/File Photo<\/figcaption><\/figure>\n<\/div>\n<\/figure>\n<\/div>\n
Bombardier said the deal would not result in job losses and would keep the head office in Montreal. Unions said the deal would benefit the program.<\/p>\n
\u201cUltimately, the U.S. actions have created a stronger Bombardier,\u201d said Jerry Dias, president of Unifor, which represents some of Bombardier\u2019s unionized workers in Canada.<\/p>\n
The Boeing-Bombardier dispute has snowballed into a bigger multilateral trade dispute, with British Prime Minister Theresa May asking U.S. President Donald Trump to intervene in order to save British jobs.<\/p>\n
Bombardier is the largest manufacturing employer in Northern Ireland, which is the poorest of the United Kingdom\u2019s four constituent parts and remains mired in political sensitivities after emerging from decades of armed sectarian conflict.<\/p>\nBombardier president and CEO Alain Bellemare, left, and president Canada and chief operating officer of North America for Airbus Helicopters Romain Trapp shake hands during a press conference in Montreal on Monday, Oct. 16, 2017. Canadian plane maker Bombardier has a sold a majority stake in its C Series passenger jet business to European aerospace giant Airbus. (Paul Chiasson\/The Canadian Press via AP)<\/figcaption><\/figure>\n
<\/h3>\n
BOOST FOR BELFAST<\/h3>\n
On Monday, the leader of the Northern Irish party propping up Britain\u2019s minority government said the Airbus was \u201cincredibly significant news\u201d for Belfast.<\/p>\n
Talks for the deal between Airbus and Bombardier first started in August. Enders said the deal was different from an earlier round of talks in 2015, when he abruptly ordered an end to negotiations. He said the CSeries\u2019 has since been certified, entered service and was performing well.<\/p>\n
\u201cIt\u2019s an entirely different situation,\u201d he said.<\/p>\n
Delta Air Lines Inc, which ordered 75 CSeries planes, said after the announcement that it looked forward to introducing the planes into its fleet.<\/p>\n
![\"\"](\"http:\/\/moovafrica.com\/news\/wp-content\/uploads\/2017\/10\/Bombardier-Inc.-to-partner-with-Airbu-300x200.jpg\")
![\"\"](\"http:\/\/moovafrica.com\/news\/wp-content\/uploads\/2017\/10\/Bombardiers-C-series-aircraft.jpg\")
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