Airbus, Bombardier deal hits Boeing with double whammy

Airbus and Bombardier are inflicting double damage on Boeing with a deal that fills a gap in the Europeans' aircraft range and gives Bombardier a fighting chance to avoid punishing US tariffs, analysts say. In the middle of the European night, Airbus issued a surprise announcement that it would take a majority stake in Bombardier's marquee C-Series airliner programme, aiming for significant production savings on the C-Series aircraft and making use of Airbus's international reach for sales. The agreement, which Airbus chief Tom Enders called "a win-win deal for everyone", gives the European company a stake in Bombardiers' mid-range programme without the need to immediately inject cash -- allowing it to keep its war chest intact for future battles with arch-rival Boeing.

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