Page 18 - World Airnews Magazine March 2020 Edition

P. 18

CORPORATE
JETS

BOMBARDIER DIVESTS A220

PROGRAMME

ruggling Bombardier has
Sdivested itself of its mi-
nority share of the Airbus A220
programme, moving it another
stop closer to leaving aviation

altogether.

On the heels of suggestions
that Bombardier bizjet division
could end up with Textron, it has
divested itself of the A220 air-
liner programme that it shared
with Airbus.
Airbus and the government of
Quebec now have sole owner-
ship of the programme.
The deal, reportedly worth
(US) $591 million, leaves Airbus
with a 75 percent share of the
business, and preserves some
3,300 jobs in Quebec. Just more
than 100 A220s have been
delivered against an order book

of 658, mostly made up of the the government of Quebec in our ambition percent) to Airbus in 2017.
larger A220-300 variant. to bring long-term visibility to the Quebec
“I would like to sincerely thank Bombar- and Canadian aerospace industry.” The programme sale follows months of

dier for the strong collaboration during our The A220 started as the Bombardier C financial bloodletting at Bombardier, as

its aviation and rail divisions have seen
partnership,” said Airbus CEO Guillaume Series, launched in early 2007. Bombardier dramatic shortfalls.

Faury. sought additional funding from the gov-

“We are committed to this fantastic air- ernment of Quebec in 2016 and eventually It’s likely that the bizjet division will be

craft programme and we are aligned with sold a slim majority share (just over 50 next on the block. Q
NBAA CANCELS ABACE 2020
a decade, to build ABACE into one of the in China, across Asia and around the world.

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ABACE 2020 was scheduled to take place navirus outbreak, the current situation has ABACE 2021 is scheduled to take place
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NBAA president and CEO Ed Bolen for decision-making and action for ABACE ABACE is held each year in partnership

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event in Asia, attracting more than 9,000

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NBAA and the Shanghai Airport Authority “We will focus on making ABACE 2021 attendees from 50 countries. Join the 8,200 flight departments who depend on our bespoke global solutions and

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