Tuesday, October 17, 2017

Bombardier raises hopes Airbus deal could save 1,000 jobs in Belfast

European group challenges US rival Boeing by taking stake in Canadian group’s C-Series programme to help it avoid tariffs

Bombardier has raised hopes of safeguarding 1,000 jobs in Belfast, saying it was confident a deal for Airbus to take a majority stake in the C-Series jet programme would help it avoid punishing US import tariffs.

The two companies hope to circumvent the 300% import tariff by assembling the C-Series passenger jets destined for US customers at Airbus’s factory in Alabama.

Related: Saving Bombardier jobs needs more than fluffy words, union tells May

If @Airbus and @Bombardier think this deal will get them around the rules....#thinkagain

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from Mergers and acquisitions | The Guardian http://ift.tt/2ytqVv3

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