Bombardier Jumps on Reported Approach to Airbus on CSeries
- Jet's tardy debut has been a drain on planemaker's cash
- Analyst sees need for `deep pockets,' but doubts a sale
Attendees take photographs of the new Bombardier Inc. CS100 airplane during a flying demonstration at the company's facility in Toronto, Ontario, Canada, on Sept. 10, 2015.
Photographer: Kevin Van Paassen/BloombergThis article is for subscribers only.
Bombardier Inc. surged after Reuters reported that the planemaker had approached Airbus Group SE about acquiring a majority stake in the struggling CSeries jetliner.
The proposal involves Airbus helping Bombardier complete development of the aircraft in exchange for a controlling interest in the CSeries program, Reuters reported, citing people familiar with the matter whom it didn’t identify. The talks were exploratory, and neither company has made a decision, Reuters reported.