Airbus investing up to E1b in A220 passenger jet program this year
Airbus plans to invest between E500m and E1b (US$539m-$1.08b) this year on its A220 passenger jet program, CE Guillaume Faury said Thursday. Earlier in February, Airbus raised its stake in the A220 program - known as Airbus Canada - to 75% from 50.1% after teaming up with the govt of the Canadian province of Quebec to buy Bombardier's 33.5% stake. With the deal, Bombardier exited the civil aviation industry and bolstered the European planemaker's position in its ongoing competition with Boeing. Airbus has been ramping up production of the A220 towards its maximum monthly capacity rate of 10 at its facility in Mirabel and to a monthly rate of 4 in Mobile, Alabama, targets it hopes to reach by the middle of this decade. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-02-21/general/airbus-investing-up-to-e1b-in-a220-passenger-jet-program-this-year
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Airbus investing up to E1b in A220 passenger jet program this year
Airbus plans to invest between E500m and E1b (US$539m-$1.08b) this year on its A220 passenger jet program, CE Guillaume Faury said Thursday. Earlier in February, Airbus raised its stake in the A220 program - known as Airbus Canada - to 75% from 50.1% after teaming up with the govt of the Canadian province of Quebec to buy Bombardier's 33.5% stake. With the deal, Bombardier exited the civil aviation industry and bolstered the European planemaker's position in its ongoing competition with Boeing. Airbus has been ramping up production of the A220 towards its maximum monthly capacity rate of 10 at its facility in Mirabel and to a monthly rate of 4 in Mobile, Alabama, targets it hopes to reach by the middle of this decade. <br/>
