· Nathalie Siphengphet , 438 995 4189 email@example.com Based in Montreal, Canada, Bombardier has production and engineering sites in 28 countries in the Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services segments. Bombardier`s shares are traded on the Toronto Stock Exchange (BBD). For the year to December 31, 2017, Bombardier generated revenues of $16.2 billion. You can find news and information about bombardier.com or follow us on Twitter @Bombardier. With this transaction, Bombardier receives $591 million from Airbus, without adjustments, of which $531 million was received at closing and $60 million for the period 2020-21. The agreement also provides for the lifting of Bombardier`s guarantees held by Airbus, as well as the release of Bombardier`s future financing needs to Airbus Canada. The C-Series program is managed by CSALP, of which Bombardier and IQ hold approximately 62% and 38% of the units, respectively. The investment agreement provides for Airbus to acquire a 50.01% stake in CSALP. Airbus will enter into commercial agreements on (i) distribution and marketing support services for Series C, (ii) purchasing management, including leading negotiations to improve supplier agreements at THE CSALP level and (iii) customer service. In conclusion, there will be no cash contribution from any of the partners, and CSALP will not assume any financial debt. It also envisages bombardier continuing its current funding plan for CSALP and, if necessary, CSALP cash deficits in the first year following closure, up to $350 million, and in the second and third years following the closure of up to $350 million over the two years in exchange for non-voting units of CSALP, with cumulative annual dividends of 2%, with possible absences being distributed proportionally among Class A shareholders during these periods. Amsterdam / Montreal, October 16, 2017 – Airbus SE (EPA: AIR) and Bombardier Inc. (TSX: BBD).
B) become partners in the C-Series aircraft program. An agreement to this effect was signed today. The agreement combines Airbus` global reach and scale with Bombardier`s latest family of state-of-the-art jet aircraft and positions both partners to fully unlock the value of the C-Series platform and create significant new value for customers, suppliers, employees and shareholders. “This agreement is great news for Quebec and its aerospace industry. The A220 partnership is now well established and will continue to develop in Quebec. The agreement will improve Bombardier`s financial position and Airbus will increase its presence and presence in Quebec.