Deals
Bombardier, Airbus Say Talks on Collaboration Were Halted
- Planemakers issue statements without mentioning CSeries
- Tardy, over-budget jetliner is a drain on Bombardier cash
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Bombardier Inc., burning cash while developing the struggling CSeries jetliner, held talks on a potential business collaboration with Airbus Group SE before the two planemakers abandoned the effort.
“Such discussions are no longer being pursued,” Airbus said Tuesday in a statement. Bombardier separately confirmed that account, while repeating previous comments that it will “continue to explore initiatives such as a potential participation in industry consolidation.”