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Airbus to close purchase of 50.1% stake in Bombardier's C Series in July

Airbus SE is set to close its acquisition of a majority stake in Bombardier Inc.'s C Series jetliner program July 1, having obtained all regulatory approvals.

Under the deal announced in October 2017, Airbus will own a 50.1% stake in C Series Aircraft LP, or CSALP, leaving Bombardier and Investissement Québec with 31% and 19%, respectively. The company will provide procurement, sales and marketing, and customer support expertise to the C Series program.

Bombardier will fund any cash shortfalls of CSALP during the second half of 2018 and through 2021, with a total maximum funding of US$925 million.