Deals
Bombardier Held Talks With China Over C Series
- Chinese state-owned firms were interested in jet, people said
- Bombardier reaches deal to sell majority stake to Airbus
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Bombardier Inc. discussed a potential sale of a stake in its C Series program with Chinese firms before reaching a pact with European giant Airbus SE, according to people familiar with the talks.
Airbus announced Monday it acquired a majority stake in the jet project for nothing, reshaping the airline sector amid a trade dispute with Chicago-based Boeing Co.