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Airbus to invest more than 1 billion dollars in its A220 program
Airbus will invest up to 1 billion euros ($1.08 billion) this year in its A220 program. Earlier this month, the European planemaker bought Bombardier's remaining stake in the program and raised its share to 75% from 50.1%. (airlinerwatch.com) Más...
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For Airbus, this is turning out to be a bargain compared to the relative costs for design, development, testing etc for an aircraft that is fully ready to sell filling a market niche. Now they are just paying for increased production costs to meet demand.
Summer of 2017 , Boeing , Bombardier and the Canadian government were close to establishing a deal , which would have given major control of Bombardier Aerospace to Boeing .
Without warning Boeing pulled away from negotiations , BA approached Airbus , the rest is history .
Without warning Boeing pulled away from negotiations , BA approached Airbus , the rest is history .
Yep, instead of buying it they figured they could kill it. Shot themselves in the foot in hindsight.
