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Stock impact report

Exclusive: Canada pushed for Airbus deal as Bombardier courted China [Reuters]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: Reuters
Exclusive: Canada pushed for Airbus deal as Bombardier courted China | Reuters 6 Min Read MONTREAL/PARIS (Reuters) - The Canadian government encouraged Bombardier to make a deal with Airbus SE for its CSeries planes to thwart a potential venture with Chinese investors, according to five sources familiar with the matter. It signaled its preference for Airbus after Bombardier failed to reach an agreement with Boeing Co earlier this year that would have given the U.S. company a stake in the CSeries jetliners, according to the sources. The Canadian government’s role has not been previously reported. Prime Minister Justin Trudeau’s administration took a calculated risk in steering Bombardier toward Airbus, according to the sources. It helped save a key product for Bombardier and likely resolved a brewing trade dispute with the United States, but potentially set back efforts to improve trade and economic ties with China. The deal with Airbus came at a critical time for Bombardier. Its $6 bi Show less Read more
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