bombardier airbus

Bombardier to stop making commercial airplanes after sale to Airbus

On February 13, Montreal-based Bombardier Inc. announced it will stop making commercial airplanes after selling its remaining stake in the A220 program to Airbus.

European manufacturer Airbus will now own a 75 per cent stake in the A220 program after Bombardier's exit.

The Quebec government, which is not injecting any new money into the program, owns 25 per cent.

Bombardier will save close to $7oo million U.S. in future capital requirements for the program — a welcome nest egg after Bombardier reported a loss of $1.6 billion U.S. loss for 2019.

The Quebec government will also sell its stake in the A220 project on Jan. 1, 2026.

Canadians are divided over the news.

Federal Director Aaron Wudrick pointed out that Canadian taxpayers have taken a hit.

While this Canadian reporter argued that getting out of the A220 project was better than wasting more tax dollars:

Bombardier's last two remaining commercial aviation assets are scheduled to close in the first half, the aircraft manufacturer said Thursday.

Coupled with the A220 sale, the deals will generate more than $1.6 billion US for the company.

The company will retain its private business jet division.

Lead photo by

Bombardier Commercial Aircraft

Join the conversation Load comments

Latest in News

Canadian health officials prepare for pandemic potential of Coronavirus

Over 3 million people in Canada are now living in poverty

Protests ramp up across Canada after arrests at Ontario rail blockade

Free public transit in Canada might one day seem as common sense as free healthcare

Animal lovers across Canada take action against dog sledding industry

Canada welcomed more immigrants in 2019 than any year in the past century

Victoria's Secret is closing down stores in Canada

Millennials in Canada won't be able to retire until they're 70