Airbus Is Said To See C Series Deal Closing As Early As Midyear

By Benjamin Katz, Frederic Tomesco and Ania Nussbaum
Bloomberg

Airbus SE’s deal to take a controlling stake in the Bombardier Inc. C Series jetliner program could be finalized by the time of the Farnborough International Airshow this summer, according to people familiar with the matter.

Antitrust approval for the plan, which the planemaker had been seeking by the end of the year, is likely to come earlier than expected, according to the sources, who asked not to be named as the regulatory procedures are private. The process has so far produced no issues, one person said.

Faster signoff on the Bombardier accord could allow Toulouse, France-based Airbus to start marketing the C Series alongside its own A320 narrow-body family at the Farnborough expo, the year’s largest, which starts July 16. It once seemed that Boeing Co. would dominate the show southwest of London with the launch of a new midsize jet dubbed the 797, though the U.S. company has since indicated that it may take longer to build its business case. Airbus and Bombardier declined comment on the state of the antitrust process, repeating earlier guidance on the timescale.

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