Airbus Investing Up to US$1 Billion in A220 Passenger Jet This Year - But Where? Toulouse? Alabama? Mirabel?
539 million-$1.08 billion
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February 21, 2020 - by Allison Lampert Reuters for uk.investing.com
MONTREAL (Reuters) - Airbus SE (PA:AIR) plans to invest between 500 million euros and 1 billion euros (£837 million/US$1.08 B) this year on its A220 passenger jet programme, Chief Executive Guillaume Faury said on Thursday at the company's A220 factory in Mirabel, just outside Montreal.
Earlier in February, Airbus raised its stake in the A220 programme - known as Airbus Canada - to 75% from 50.1% after teaming up with the government of the Canadian province of Quebec to buy Bombardier's (TO:BBDb) 33.5% stake.
With the deal, Bombardier exited the civil aviation industry and...
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