Bombardier exits commercial aviation by selling A220 stake to Airbus and Quebec

Bombardier Inc. has completed its strategic exit from commercial aviation by selling its remaining shares in the A220 program to Airbus SE and the Government of Québec. The transaction immediately transfers Bombardier's stake in Airbus Canada Limited Partnership, solidifying Airbus's majority ownership.

Under the new ownership structure, Airbus holds 75 percent of Airbus Canada, responsible for the A220 aircraft, while the Government of Québec increases its holding to 25 percent. Bombardier will receive a total of US$591 million, net of adjustments, for its stake, with US$531 million paid at closing. This move allows Bombardier to address its capital structure and finalize its departure from the commercial aerospace sector.

As part of the agreement, Airbus, through its subsidiary Stelia Aerospace, has also acquired Bombardier's A220 and A330 work package production capabilities in Saint-Laurent, Québec. This acquisition is expected to secure approximately 360 jobs in the region. Airbus CEO Guillaume Faury stated the deal underscores commitment to the A220 program and Airbus's Canadian operations.

Québec Premier François Legault highlighted that the agreement protects jobs and expertise in the province, attracting further investment from Airbus. Bombardier stated that the A220 program will continue to thrive under the stewardship of Airbus and the Government of Québec, aligning with Bombardier's strategy to focus on its business aircraft, regional aircraft, and other specialized programs.