Europe's Airbus to buy majority stake in Bombardier CSeries program

European aircraft giant Airbus Group is buying a majority stake in Bombardier's CSeries program. The two aircraft manufacturers announced the partnership Monday evening, weeks after the United States announced 300 per cent preliminary duties on exports of the aircraft following a complaint from Airbus rival Boeing. The partnership is expected to result in significant CSeries production cost savings by leveraging Airbus's supply chain expertise, but Airbus won't be paying any money… (www.cbc.ca) More...