Bombardier's Old A220 (CSeries) Drags Airbus's Profit...
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Airbus SE says it will take a year longer than planned to make the A220 jet business it bought from Bombardier Inc.
BBD-B-T -6.56%decreasea profitable operation, warning that the pace of recovery in the aviation industry is far from clear.
Airlines are making good use of the fuel efficient A220 single-aisle jet in the current crisis, senior executives for the European plane maker said in a conference call on Thursday to discuss fourth-quarter results.
But the plane program remains a money-losing proposition from a manufacturing perspective.
The company, which is based in Toulouse, France, estimates that the profit picture for the A220 will not flip to the positive until the...
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