Seven stories in the news for today, Oct. 17
Seven stories in the news for Tuesday, Oct. 17
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BOMBARDIER PARTNERS WITH AIRBUS ON CSERIES JETS
Airbus Group is buying a majority stake in Bombardier’s CSeries program and will assemble the plane in the U.S. to avoid import duties. The partnership comes weeks after the U.S. announced 300 per cent preliminary duties on exports of the aircraft following a complaint from Airbus rival Boeing. Airbus will hold a 50.01 per cent interest in the CSeries partnership, Bombardier will own 31 per cent and the Quebec government’s investment agency will hold 19 per cent.